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What Wrapped Bitcoin Actually Asks You to Trust

This story is from 2026-10-22. It is preserved in the archive; the latest stories are on the live feed.

Bitcoin can't run on Ethereum. So when a lending market or a DEX pool on Ethereum says it accepts "BTC", it means something else: a token that promises a real bitcoin is sitting somewhere, waiting to be redeemed. That promise has a structure. Someone holds the BTC, someone decides who can mint and…

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  1. 2026-10-22 18:28 · DEV Community — AI
    What Wrapped Bitcoin Actually Asks You to Trust

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