Bitcoin on Ethereum. It’s possible to tokenize BTC & mint it on the Ethereum chain to be used in DeFi (decentralized finance)! Although, should people be doing it? BTC on ETH projects like wBTC and RENbtc, have been surging & there are benefits to turning your $BTC into these ether based tokens…but just like any ethereum dapp or smart contract, they carry risks! What are the best & which are the worst? Tune in to find out!
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⏰ Time Stamps ⏰
00:08 Intro-Vine is Better than TikTok
00:52 Bitcoin On Ethereum?-Exploding Numbers From the Projects
02:25 DeFi Bitcoin Takes on the Centralized Exchanges
03:04 wBTC or Wrapped Bitcion
04:04 The wBTC Cafe
04:55 renBTC: How it Works & Ren Darknode Bonding
07:13 Tokenlon’s imBTC-Centralized & Token Risk!
09:04 pTokens pBTC-Interoperability but no Volume!
09:54 The Wild West of BTC on ETH
10:44 Outro
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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
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