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What are Wrapped Tokens? (Explained with Animations)

Whiteboard Crypto
998K subscribers
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240K views 3 years ago
Wrapped tokens in crypto allow one network to use another network's coin to do new and useful things. For example, Bitcoin doesn't have smart contracts, but Ethereum does, so you can create a wrapped Bitcoin to interact with smart contracts on the Ethereum network. FREE Discord Access, Our Newsletter, and DeFi Guide for Beginners: https://WhiteboardCrypto.com Explore More Whiteboard Crypto: Twitter: @whiteboardCryp1 Facebook: @whiteboardcrypto Instagram: @whitreboardcryptoteam ...more
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What are Wrapped Tokens? (Explained with Animations)
8.2KLikes
240,394Views
2021Oct 18
Wrapped tokens in crypto allow one network to use another network's coin to do new and useful things. For example, Bitcoin doesn't have smart contracts, but Ethereum does, so you can create a wrapped Bitcoin to interact with smart contracts on the Ethereum network. FREE Discord Access, Our Newsletter, and DeFi Guide for Beginners: https://WhiteboardCrypto.com Explore More Whiteboard Crypto: Twitter: @whiteboardCryp1 Facebook: @whiteboardcrypto Instagram: @whitreboardcryptoteam

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Whiteboard Crypto

998K subscribers