One way to understand blockchains such as Bitcoin and Ethereum is as separate distributed databases. As blockchains are separate, they can’t communicate easily with each other. 

You can’t use your Bitcoin directly on the Ethereum blockchain, because only the Bitcoin blockchain “knows” that you hold Bitcoin. 

Wrapped tokens were created as a solution to this problem. With wrapped tokens, you can effectively move assets between blockchains and use them across the crypto ecosystem.

What are wrapped tokens?

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Author: Joseph O’Neill

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