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Welcome to wBTC Chain Coin
wBTC Network supercharges $BTC to bring crypto applications like NFTs, games, and DeFi to the $BTC community. Unfortunately, $BTC cannot support any of these applications so We have Evm based wBTC
wBTC Chain Coin is a public blockchain protocol and new ecosystem that bridges DeFi and mass adoption. With a proof-of-stake consensus model, meaning that the author of the subsequent block is selected at random based on how much cryptocurrency they have in their wallet and how mature that wallet is, continuously rotating addresses to ensure decentralization and network participation. Blocks are usually built or minted rather than mined; there are also block rewards in addition to transaction fees, thus, builders receive a percentage of "interest" on the amount of funds they bet. wBTC Network supports the Bitcoin ecosystems.
With Btc Chain Coin, you can manage assets across different blockchains whether for DeFi, GameFi, NFTs, and other use cases that come up. We believe that we will lead to creativity and success to become the Fastest and the most decentralized ecosystem. There are no centralized registration processes on chain, and all private keys are managed by the users directly. Our mission is to be the simplest and fastest cosmos blockchain protocol. We always aim to create the simplest network for ecosystem development teams on BTC.
What is EVM?
EVM (Ethereum Virtual Machine) is an Ethereum virtual machine. It can be understood that EVMs will act as intermediaries in executing smart contracts (smart contracts) on the Ethereum network. Each Ethereum node is equipped with its EVM, which will ensure the security and decentralization of the network.
In the simplest terms, an EVM is a decentralized CPU that represents the current state of Ethereum. There, the current state of the Ethereum virtual machine is a collection of blockchain processes linked and encoded into the main network. The EVM gives a read result of the current state, called a snapshot. This state is constantly evolving, changing with each new smart contract execution. At any time, a snapshot can be taken to see and determine what the standard state of Ethereum is. Accordingly, the Ethereum virtual machine is a virtual CPU for Ethereum to execute and display the speed of smart contracts. As long as an Ethereum node is still active, there will continue to have an EVM.
Powerful EVM Architecture Supports Defi: EVM-compatible protocols incorporate a robust architecture, which has been proven through previous chains when applying this technology, which is also the technology that makes the dynamic a big push for DeFi product developers. And in addition to existing protocols, we propose our smart contracts and build following the expanded DeFi ecosystem. Interacting with dApps Too many names appear in Crypto with the goal of “ETH killer.” But since then, ETH has not stopped growing, and most of the “ETH killers” are living miserably with the market. Wbtc chian does not compete with Ethereum, and we rely on an independent, EVM-compatible blockchain building framework that aims to make Wbtc Chain interoperable with all dApps deployed on Ethereum. Therefore, we want to go along with this giant.
What is cross-chain?
When Blockchain was first built, people envisioned this to be a one-size-fits-all solution. All transactions, smart contracts, and everything else would be built on a single Blockchain. However, so far, such a system is no longer practical because more and more Blockchain platforms are created with different architectures. The limits of scalability and innovation constraints also become more and more vivid. Since then, cross-chain technology was born to solve those problems. Cross-chain is a solution that brings interoperability between independent blockchains, bringing blockchains closer together. This technology allows users to transfer and exchange assets between blockchains, optimizes the ability to cross over between chains, and significantly increases the value of these same assets because they can be used in many cases, providing more profit opportunities.
Nearly 13 years ago on October 31, 2008, Satoshi Nakamoto published a whitepaper on Bitcoin (BTC) as a “peer-to-peer version of cryptocurrency”. The first cryptocurrency was implemented with a consensus mechanism known as “proof of work” (PoW) that allows networks to agree on which transactions are legitimate without third-party involvement. Three years later, a new approach called “proof of stake” (PoS) was proposed to address the inefficiencies of the PoW consensus algorithm and reduce the number of computational resources required to run a blockchain network. During those 13 years of existence, we have seen the rise and fall since the price of initial coin offerings in 2017. This has become “an alternative means of obtaining funding for projects using the new, growing digital financial marketplace for tokens”. The remarkable growth of the decentralized finance, or DeFi, in 2020 is transforming rusty financial systems and paving the way for a new kind of finance. The immense popularity of unusable tokens, or NFTs, has taken the crypto sector by storm in 2021; and the continued growth of central bank digital currencies (CBDC) worldwide. The core of Blockchain technology revolution has become one of the most discussed topics not only in the financial sector but beyond. Blockchains are being implemented in business use cases, charity activities, global environmental crises, healthcare and longevity, government services, etc. Meanwhile, not all public blockchains are equally decentralized – or are they? Some experts say that since Bitcoin is not controlled by any centralized entity and was built by the stage name Satoshi Nakamoto (later disappeared), it can be considered the most decentralized network. On the other hand, it is also criticized for being the least decentralized one. However, to be fair, even co-creator Vitalik Buterin does not have control over Ethereum. Thus, the true nature of Blockchain is decentralization, which is increasingly supported by the community. In particular, the emergence of DAOs shows the great need for transparency and decentralization
Vision
Our vision is to increase the use cases of $BTC to make $wBTC the leading coin in demand for owning and exchanging $BTC . $wBTC holders and fans get more use cases of $BTCand increase their existing assets by joining wBTC Chain.
We've put together some helpful guides for you to get setup with our product quickly and easily.
Last modified 1yr ago