So for those who want to work in the Ethereum ecosystem but enjoy the value of Bitcoin, this is an option. People can invest here because of all these reasons.
This is just another B.S for others to get Erc token wrapped in bitcoin value, I wonder what people enjoy in using the Ethereum Network even with it high tx fee, maybe it is their meme token and NFT's which is often to ripe investors.
WBTC was originally created to bring the value of Bitcoin to the Ethereum network.
Wrong. WBTC was created to bring the value of Bitcoin to Binance, just like anything else they created. Adding Ethereum only makes it worse: that shitcoin itself is centrally controlled.
fredericktaylor was right WBTC started on the Ethereum blockchain (2019) and then move to other blockchains, I guess the Binance WBTC is the most popular because of the fame of the exchange and many as often missed it as actual bitcoin there, seen threads on the forum correcting such time back.
https://www.coingecko.com/learn/what-is-wrapped-bitcoin-wbtc-and-how-does-it-workWBTC in Binance blockchain came in 2021, discovered through checking it chart at coingecko also.