Wrapped Tokens - Would DMD Diamond Blockchain Support It.
11 Dec 2022, 09:47
🗣️ Wrapped Tokens - Would DMD Diamond Blockchain Support It?
One of the key offerings of DMD Diamond Blockchain is supporting interoperability across blockchains. That is where Wrapped Tokens come into place - a welcome solution for solving interoperability issues between blockchains, as more blockchains are coming into existence.
Wrapped tokens help to move assets across blockchains. They are also assets themselves - helping to transfer the value of a native asset from one blockchain to another. An example of the wrapped token is WBTC (wrapped bitcoin) on ERC-20 or TRC-20 tokens, hence could be used and traded on the Ethereum and Tron blockchains.
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