Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: Malam90 on January 08, 2021, 06:22:49 AM
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BitGo’s Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well. BitGo clients are already minting WBTC and WETH as TRC-20 tokens on Tron, according to the company's public orderbooks.
After a few test mints executed by BitGo in mid-December, nearly 100 BTC (roughly $3.4 million at current prices) have been wrapped and minted as TRC-20 WBTC tokens by Alameda Research and CoinList.
Full news link (https://www.coindesk.com/bitgo-tron-wrapped-bitcoin-ether-launch)
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BitGo’s Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well. BitGo clients are already minting WBTC and WETH as TRC-20 tokens on Tron, according to the company's public orderbooks.
After a few test mints executed by BitGo in mid-December, nearly 100 BTC (roughly $3.4 million at current prices) have been wrapped and minted as TRC-20 WBTC tokens by Alameda Research and CoinList.
Full news link (https://www.coindesk.com/bitgo-tron-wrapped-bitcoin-ether-launch)
Very useful information, I think the WBTC version of the Tron platform was created because the WBTC version of the Ethereum platform is very successful and is in great demand by investors, because you don't have to exchange real BTC if you want it, just transaction on one of the platforms that adopted it, so that transaction fees will be cheaper and value not reduced.
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I think BitGo is able to see the gaps in the existing business profits from Wrapped Bitcoin which is provided in the TRC20 or TRON blockchain network.
Ethereum or erc20 has opened up space for Wrapped BTC which is now on the big market cap.
TRON should also be able to create Wrapped BTC in TRC20 so as not to be left behind by Ethereum.
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BitGo is extraordinary because BitGo is able to see the opportunities that have existed so far in the cryptocurrency market.
And BitGo is very strong mentally to create Ethereum and Bitcoin in the trc20 blockchain.
I think it will feel more complex than we thought because the WBTC and WETH must actually be the same as the original coin price.
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I think BitGo is very good facility cryptocurrency world.so it can very good impact TRC20 or TRON blockchain network.its a very use full news for all of investor.I think justin sun should make another anything.