This one could be a huge one for the markets in 2019 we really are gearing up for a massive growth spurt that should be starting soon and lasting into Q1 2019.
A new coin called WBTC is being supported by companies such as Kyber Network, Republic Protocol and BitGo. There are also a large number of tokens on Ethereum that say they too will be using the new coin to help further move their projects.
The general idea behind it is to create a NOTE when you think about this in bank terms you have a paper or NOTE that says you own 1,000 oz of gold. While you don't physically have it your note says you do but you don't have to lug around 1,000 oz try and sell it etc. that would be a slow and long difficult process.
This is where WBTC comes in in acting as a NOTE for bitcoin so you can move it more quickly.
These new WBTC coins are said to be at a 1-1 rate to bitcoin. So on their site they will be posting how much bitcoin they own and in that theory you always know how many WBTC coins are possible to have in circulation.
The name of the game is to continue to speed things up make the entire network faster and even more secure by creating redundant systems.
Now we need to wait to see it in action without any speculation involved.
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Interesting but I sometimes am not sure which network is slower bitcoin or Ethereum. I think bitcoin will be quicker as their scaling option the Lightning Network will be available sooner than Ethereum and sharding.
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Ah! So, you're here as well, good to see you.
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