WBTC Episode 'Reopened Old Wounds' of Centralized Failures: Bitcoin Builders Association

Quick Summary:

The token is comfortably the market leader in the tokenized BTC sector, accounting for a 60.4% share, according to the BBA.

On the plus side, it is more decentralized than wBTC and inherits the protection of the Bitcoin network's security.

For example, wBTC is the most liquid token, is integrated across all the largest blockchains and has been stress-tested for over five years.

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Article Details

Author / Journalist: Jamie Crawley

Category: Crypto

Markets: United StatesCubaHong Kong

Topics: Tech WBTC BitGo Tokenization Tokenized Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 15:00:51 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24538190

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Main Topics: Crypto

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