BitGo Blockchain Security Platform Launches Bitcoin-backed ERC-20 Token – blockchainreporter
BitGo will provide custody for the bitcoin-backed altcoin BitGo says WBTC holders will utilize it in a wide array of scenarios including payments, smart contracts and more The firm claims WBTC is tokenized with full proof of reserve, backed 1:1 with bitcoin , a California-based distributed ledger technology (DLT) security company and multisignature bitcoin wallet service provider, has launched Wrapped Bitcoin (WBTC) , an Ethereum-based token backed by Bitcoin to bring the stability and value of the world’s flagship cryptocurrency to the Ethereum ecosystem, according to a press release by the firm on October 26, 2018.
