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What are Wrapped Tokens? (Explained with Animations)

October 18, 2021 7:41 204

Wrapped tokens in crypto allow one network to use another network’s coin to do new and useful things.
For example, BitcoinBitcoin (btc)1$ 49,341.600.16%0.65%-12.22%details doesn’t have smart contracts, but EthereumEthereum (eth)2$ 4,309.390.16%1.47%-4.66%details does, so you can create a wrapped Bitcoin to interact with smart contracts on the Ethereum network.

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