What Are Wrapped Bitcoin (wBTC) and Bitcoin Spark (BTCS)?

Bitcoin that has been wrapped in a tangible item is known as a wrapped bitcoin (wBTC). This might be a token, like a Casascius coin, or a real, live bitcoin.

The cryptocurrency Bitcoin Spark (BTCS) was introduced in 2013 by Craig Wright-run Satoshi Citadel Industries. Since then, the firm has funded over $30 million USD, but the currency has just lately begun to acquire momentum.

Because they are both bitcoin-based coins, wBTC and BTCS have a lot in common. They do, however, vary and have unique characteristics.

Wrapped bitcoin and Bitcoin Spark are fundamentally different from one another in that they may be exchanged immediately on exchanges like Coinbase or Binance without first having to be converted into your local currency. This entails that you can purchase them directly from one exchange using a different currency, which may be advantageous for those looking to trade these coins without having to worry about converting them back into fiat money before selling them for a profit at an exchange like CoinBase or Binance where you can get more money for them than if you were simply purchasing from an exchange directly yourself using fiat.