🪙 #TON launches wrapped #Bitcoin (#tgBTC) on its network. But what is it?

Wrapped Bitcoin is a token pegged to the value of real Bitcoin and issued on a third-party blockchain. For example, there is already #WBTC based on #Ethereum. Each such token is backed by real Bitcoin, and you can always exchange one wrapped Bitcoin for one #BTC and vice versa.

🍘 The difference between wrapped Bitcoins and regular project tokens lies in the increased liquidity within the ecosystems that launch such coins. Additionally, wrapped BTC allows original Bitcoin holders to participate in other blockchain ecosystems while preserving the value of their BTC.

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