*Exciting News! 🎉* First of all, I would like to thank Allah, Alhamdulillah .❤️🩹 I'm thrilled to share that I've earned the *BNB Chain Developer Specialization* certificate ! 🙌 This achievement wouldn't have been possible without the incredible resources, support, and community provided by the BNB Chain team. 🙏 *Special thanks to the BNB Chain team* for creating such a comprehensive and engaging program. I'm grateful for the opportunity to enhance my skills and knowledge in blockchain development, and I'm excited to apply what I've learned to real-world projects. 💻 *The BNB Chain ecosystem* is truly remarkable, and I'm looking forward to continuing my journey as a part of this vibrant community. 🤝 If you're interested in blockchain development, I highly recommend exploring the BNB Chain Developer Specialization program. It's an excellent way to level up your skills and stay ahead in the industry! 🚀 *Let's build something amazing together! 🌟* @Binance Square Official #DeveloperSpecialization #Certified #Binance https://academy.binance.com/en/track/bnb-chain-developer-specialization?utm_medium=app_share_link
According to PANews, U.S. fast-food chain Steak 'n Shake has unveiled its new 'Bitcoin Steakburger.' The burger is now available in stores, featuring a bun embossed with the Bitcoin symbol and accompanied by standard burger ingredients and a seasoning packet.
James Wynn's Cryptocurrency Positions Liquidated, Resulting in Significant Losses
According to PANews, James Wynn's long positions in Ethereum (ETH), PEPE, and Bitcoin (BTC) have been fully liquidated, resulting in a loss of $163,504. Following the liquidation, Wynn's wallet now holds only $35,309.
"The real bull story for crypto is just the slow moving freight train of institutional investment. It's a very strong, long term bull market from my view." #bitcoin $BTC
How to Get Started with Binance “Learn & Earn”? | Sign up as a Binance user to get 100 USD worth of trading fee rebates now! $BNB $KERNEL $PYTH @币安理财华语
BNB Smart Chain Tops All Blockchains With $7.88M in 24-Hour Network Fees
Key PointsBNB Smart Chain (BSC) recorded $7.88 million in network fees over 24 hours — the highest among all blockchains, according to Cointelegraph.Tron (TRX) ranked second with $1.49 million in network fees during the same period.The data highlights BSC’s leading on-chain activity and continued user demand across DeFi and gaming ecosystems.BSC Leads in Network ActivityThe BNB Smart Chain has once again taken the top spot in blockchain fee revenue, generating $7.88 million in 24-hour network fees — far outpacing other networks, according to Cointelegraph data.Trailing behind, Tron (TRX) reported $1.49 million in network fees, securing second place, while Ethereum (ETH) and Bitcoin (BTC) ranked lower during the same period.BSC’s dominance reflects sustained transaction volume across its DeFi, gaming, and NFT ecosystems, as well as the rising popularity of Binance’s Layer-1 infrastructure among retail and institutional users.The surge in network fees often correlates with higher on-chain activity and developer engagement — key indicators of blockchain health and adoption momentum.
#BNBmemeszn $BNB Chain recorded $20.5 billion in trading volume on October 8, surpassing Solana's $12.7 billion, driven by a boom in Chinese-inspired memecoins that has 70% of traders in profit.
Changpeng Zhao's endorsement of 'BNB Meme Szn' fueled the rally, with tokens like the CZ-inspired $4 reaching a $250 million market cap and Chinese investors capturing 11.4% of global memecoin activity on the chain. Low fees and rapid launches have created multiple millionaires, though culturally rooted token names pose pronunciation challenges for non-Mandarin speakers.$BNBXBT BNB Card
🚀 Solve congestion! Layer 2 is changing the Ethereum ecosystem!
With the successful upgrade of Cancun, major L2 solutions (such as Arbitrum, Optimism, zkSync) are in fierce competition.
🔑 Key points: Focus on the maturity of zkEVMs and the L2/L3 explosion brought by development frameworks like OP Stack. Lower gas fees and higher throughput will bring the next wave of DeFi and GameFi applications.
📢 Polygon’s journey from $MATIC to $POL marks a huge step toward Polygon 2.0. @0xPolygon is not just upgrading tokens — it’s upgrading the future of Web3. Fast, secure, and built for the next generation of payments and real-world assets. #Polygon $POL
Ayo fam! 🐶✨ Just wanted to drop some puppy vibes into your feed today! Our little fluffballs are growin’, playin’, and makin’ the world a lil’ brighter one tail wag at a time. 🌈💖 Whether it’s zoomies in the yard, cute snuggles on the couch, or those goofy puppy faces that melt your heart… we’re here for it all! 🐾 Drop a pic of your pup in the comments and let’s share the joy. Let’s keep this community full of pawsitive energy! 🐕💌 #BNBBreaksATH #KlinkBinanceTGE #BNBMarketCapThirdLargest #MarketUptober #Write2Earn $SOL $BNB $MITO
$ETH While others chase trends, 👉🏻we’re building a family.🤝 ♥️ 🐶Puppies Coin🐶goes beyond profit — it’s about purpose, unity, and the joyful spirit of puppies! 🐶🌍 ✨ 🔥Why Puppies Coin Stands Out:👉🏻 🐾 A strong and loyal global community 💫 Fueled by positivity and good vibes 🏡 Supporting animal shelters and real-world causes 🚀 Built for growth, powered by heart. #KlinkBinanceTGE #WhaleWatch #BTCBreaksATH
Wrapped Bitcoin (WBTC) is a token that represents Bitcoin (BTC) at a 1:1 ratio.
It allows people who own Bitcoin to use it on other blockchains and their decentralized finance (DeFi) platforms.
WBTC is backed by actual Bitcoin held in secure storage. It’s available on multiple chains, including Ethereum, BNB Chain, Solana, TRON, and Base.
You can use WBTC for lending, borrowing, earning interest, or trading within DeFi apps.
Introduction
Bitcoin is the first and most popular cryptocurrency, known for being secure and decentralized. However, Bitcoin’s blockchain doesn’t support certain financial applications that are mostly built on smart contract platforms like Ethereum, BNB Chain, and Solana.
Wrapped Bitcoin (WBTC) solves this problem by allowing Bitcoin to be effectively used on other networks. This means Bitcoin holders can access a wider range of decentralized applications and financial services without needing to exchange their BTC for a stablecoin or another cryptocurrency.
What Is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin, or WBTC, is a tokenized version of Bitcoin that can be used on other blockchains. In other words, each WBTC token represents one BTC held in reserve by custodians. For every WBTC issued, one BTC is stored by trusted institutions. Because of this, WBTC lets Bitcoin holders interact with decentralized apps (DApps) and exchanges on multiple networks.
How Does Wrapped Bitcoin Work?
When someone wants to get WBTC, they request it from an authorized merchant. The merchant collects necessary identity information from the user (KYC and AML procedures), receives Bitcoin from the user, and then requests the custodian to mint an equivalent amount of WBTC tokens on the target blockchain.
The custodian verifies the Bitcoin transaction, which typically requires confirmations on the Bitcoin network, and then mints the WBTC tokens to the merchant’s address. The merchant then transfers tokens to the user.
To convert WBTC back into Bitcoin, the merchant burns the user’s WBTC tokens by calling the burn function on the token contract. After the burn is confirmed on the blockchain, the custodian releases the corresponding amount of Bitcoin back to the merchant, who then transfers it to the user.
Security measures include:
Cold storage: Bitcoin is held offline by custodians to protect against hacking.
Multi-signature wallets: Multiple keys are needed to move Bitcoin reserves, enhancing security.
Public transparency: The total supply of WBTC and Bitcoin reserves are visible on blockchain explorers and audited regularly.
However, if you don’t want to go through the process of wrapping and unwrapping, you can simply trade your BTC for WBTC via the Binance exchange or Binance Wallet.
Why Use Wrapped Bitcoin?
Access DeFi and DApps across multiple chains
Most DeFi services like lending, borrowing, and yield farming are built on networks like Ethereum, BNB Chain, and Solana. By holding WBTC, Bitcoin owners can use their assets directly in these applications without having to sell or trade their BTC.
Faster and more flexible transactions
Compared to Bitcoin’s base layer, WBTC transactions on Ethereum and other blockchains can be faster and more cost-effective, especially when network scaling solutions or sidechains are involved.
Diversify your collateral
Initially, most DeFi protocols accepted only Ethereum’s native token, ETH, as collateral. Using WBTC as collateral adds an uncorrelated asset to the mix, helping users manage risks more effectively.
What can you do with Wrapped Bitcoin?
Lending and borrowing: You can deposit WBTC as security to borrow other cryptocurrencies or stablecoins on platforms like MakerDAO and AAVE.
Earn interest: Provide WBTC to liquidity pools and earn rewards or interest through yield farming.
Margin trading: Some platforms allow you to use WBTC when trading with leverage.
Governance: Some projects offer governance tokens to WBTC users, letting them vote on decisions.
How to Get Wrapped Bitcoin
There are multiple ways to get WBTC:
Crypto exchanges: you can trade between BTC and WBTC using exchanges like Binance or via the Binance Wallet.
Official merchants: Some authorized merchants can help you swap BTC for WBTC. For larger amounts, you might need to find a custodian focused on institutional clients.
DeFi apps: Some decentralized protocols let you swap or mint WBTC directly inside their apps.
Safety and Transparency
WBTC’s system balances usability with security by relying on a federated custody model. Custodians hold Bitcoin responsibly under strict protocols, and minting tokens requires both custodian and merchant approval, preventing unilateral control over token creation. The entire network is governed by a multi-signature DAO that collectively manages protocol changes and participant membership to ensure decentralization and accountability.
Quarterly third-party audits publish proof of reserves, confirming that each WBTC token is backed by real Bitcoin. All minting, burning, and transactional data are publicly available, fostering trust and transparency.
Fees and Transactions Costs
Transferring WBTC between wallets generally requires only blockchain network fees (e.g., Ethereum gas fees). Minting (wrapping) and burning (unwrapping) WBTC involve additional custodian and merchant fees, which vary depending on the service provider.
Limitations
While WBTC has many benefits, there are some things to be aware of. The reliance on custodians for Bitcoin reserves introduces a level of risk. Despite WBTC’s decentralized structure, it’s significantly more centralized than Bitcoin. Users must trust the custodians not to mishandle the reserves.
Also, the process of wrapping and unwrapping Bitcoin might involve fees and may take a while to conclude, so it’s better to plan transactions ahead of time, especially during periods of network congestion or high demand.
Closing Thoughts
Wrapped Bitcoin makes it possible to bring Bitcoin’s value into Ethereum, BNB Chain, Solana, and many other blockchain ecosystems. It allows Bitcoin holders to use their coins in new and creative ways without letting go of their BTC, connecting Bitcoin with a broader range of decentralized applications and financial services.
Further Reading
Binance Beginner's Guide
How to Set Up a Crypto Wallet
What Is Bitcoin and How Does It Work?
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