Details about ioWBTC cryptocurrency
€2,127
7
1
Unknown
https://iotube.org/
2852320x
€169086000000
ioWBTC price charts
IOWBTC exchanges
ioWBTC, the crypto
ioWBTC (IOWBTC) is a synthetic asset that represents wrapped Bitcoin (WBTC) on the IoTeX network. It enables the use of BTC on the IoTeX blockchain without the need for a third-party custodian, allowing users to trade and interact with BTC in a decentralized and trustless manner.
The point
The main point of ioWBTC (IOWBTC) is to bring Bitcoin liquidity to the IoTeX ecosystem and allow users to interact with BTC without sacrificing the benefits of decentralization. It also aims to bridge the gap between decentralized finance (DeFi) and Bitcoin, which is the world's largest cryptocurrency with a market capitalization of over $1 trillion.
The problem
ioWBTC (IOWBTC) tries to solve the problem of limited interoperability between different blockchains, which can pose a challenge for users who want to access assets on multiple networks. By creating a synthetic asset that represents BTC on the IoTeX network, ioWBTC (IOWBTC) enables greater cross-chain liquidity and expands the use cases for Bitcoin beyond its native blockchain.
Compare IOWBTC and BTC performance
| Timeframe | IOWBTC | BTC |
|---|---|---|
| 1h change | -2.43639 % | -0.549765 % |
| 24h change | -2.48 % | -1.83904 % |
| 7 day change | -6.64 % | -5.42791 % |
| 14 day change | -5.95 % | -5.02398 % |
| 30 day change | -3.55 % | -3.47658 % |
| 200 day change | 126.83 % | 126.537 % |
| Year change | 125.15 % | 126.622 % |