New Wrapped Bitcoin (WBTC) Project to Bring Bitcoin to Ethereum Blockchain

New Wrapped Bitcoin (WBTC) Project to Bring Bitcoin to Ethereum Blockchain/биткойн-обмен,торговля биткойн маржи,bitseven,биткойн-обмен,Обмен криптовалютами,Валютная маржа,
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Cryptocurrency custody company BitGo and decentralized exchange startups Kyber Network and Republic Protocol have announced the planned launch of a fully-backed Bitcoin (BTC) ERC20 token on the Ethereum (ETH) ecosystem.

Dubbed Wrapped Bitcoin (WBTC) and scheduled to launch in January 2019, the new token will be backed by Bitcoin on a 1:1 ratio, the three founding companies revealed in a joint press release on Friday.

“This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum.” said Loi Luu, co-founder and CEO of Kyber Network. “Applications on Ethereum such...

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