Wrapped Bitcoin-Stacks (XBTC)
Details about Wrapped Bitcoin-Stacks cryptocurrency
€1,024,220
5.701
Unknown
https://wrapped.com/
@wrappedfi
Wrapped Bitcoin-Stacks price charts
XBTC exchanges
Wrapped Bitcoin-Stacks, the crypto
Wrapped Bitcoin-Stacks (XBTC) is a cryptocurrency that aims to bring Bitcoin liquidity to the Stacks blockchain. It is a wrapped version of Bitcoin that can be used as a collateral or traded on the Stacks network through smart contracts. XBTC can be minted by depositing Bitcoin into a custodial account, which will issue an equivalent amount of XBTC on the Stacks chain.
The point
The main point of XBTC is to enable Bitcoin holders to participate in the Stacks network and its decentralized applications without having to sell their Bitcoin. By wrapping Bitcoin, XBTC represents the same value and ownership as Bitcoin, while allowing it to be used on the Stacks network for various purposes.
The problem
XBTC aims to solve the problem of Bitcoin's limited interoperability with other blockchains and applications. By wrapping Bitcoin on the Stacks chain, XBTC allows Bitcoin to be used in smart contracts and DeFi protocols on the Stacks network. It also enables Bitcoin users to participate in Stacks' consensus mechanism and earn rewards by staking XBTC.
Compare XBTC and BTC performance
Timeframe | XBTC | BTC |
---|---|---|
1h change | 0.531026 % | -0.434243 % |
24h change | 22.5 % | 0.748949 % |
7 day change | 2.17 % | 6.28102 % |
14 day change | 2.85 % | 4.81165 % |
30 day change | 33.9 % | 23.3841 % |
200 day change | 197.2 % | 170.377 % |
Year change | 172.03 % | 155.76 % |