1- Name at least 2 Blockchain that use Wrapped BTC, excluding Ethereum, and show screenshots. Explain.

TRON (TRX):

Tron or TRX is a decentralized network works with its own network, is compatible with tokens TRC-20 Y TRC-721 NFT tokens non-fungible tokens therefore currently tokens are not compatible with other networks through smart contracts, for this and the great need that exist in the TRON ecosystem I add a list of tokens that are minted in a line of Wrapped Tokens between other networks such as BSC, the tokens that appear within the network are WBTC, WETH among others,

BitGo was the company that created the Wrapped tokens, with the purpose of being able to use all the potential economy of BTC, in the ecosystem of the Tron network, as we well know the WBTC tokens (TRC20) simulate a native currency in the bitcoin network but it is established in the TRON network as tokens.

As WBTC are obtained within the tron network, we have to send the WBTC to an address or wallet created by the company BitGo after this we can interact within the Tron network with these tokens that will remain locked all the time we are operating within the ecosystem. We have all the confidence to perform transactions normally thus taking advantage of the full potential of the TRON network once we want to go outside we can deblock the tokens and these after unlocking are burned in this way will avoid the scalability and other factors that negatively influence the tokens that are created by quantity and are not burned, therefore.

Price: 61375 USD

Holders:435 Addresses

Transfers:18,822 Txns

Suministro total:99.89000964WBTC

Circulating supply:99.89000964WBTC

Market capitalization:6,130,776.19 USD

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Solana Wrapped:

In the last class I was fascinated with the solana network and I studied and researched it thoroughly and these use wrapped btc how and why it works in this network I will explain, it was created with the purpose of making exchanges in the solana network between any pair, these in turn interact within the solana network to create smart contracts this will be responsible for emulating the cryptoasset making it 100% functional within the solana ecosystem using the SPL token.

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Wrapped Chainlink (Sollet)

Solana also has a token called "Wrapped Chainlink (Sollet) Token" which is used for the different peer-to-peer exchanges of the Solana network and the native tokens it handles.

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Wrapped USDC

With this token you can make exchanges between USDC pairs within the solana ecosystem, this network has its stable coin and many more this time I am naming the most popular within the network, USDC maintain the dynamics and security to protect us from the volatility of cryptocurrencies and we realize that the zone network creates tokens with the same efficiency as any stable coin in any ecosystem.

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Wrapped YFI

This token is created on the solana network because of the need to create liquidity through the solana exchanges which are created through smart contracts and therefore YFI functions as an intermediary to the solana network which are so necessary to create the liquidity YFi is not native to solana.

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We have several methods to exchange within the solana ecosystem.

Creating a wallet almost on any operating system the most used are Windows, Android, mac etc..

We can also use a wallet that I recommend with eyes closed Trust Wallet, Sollet, Exodo, Phanton, Solfare what I like about all these is that we can work very easily from anywhere in the world where we are only we must have access to the network and positive balance.

To buy we can use bancambios. Exchange Source in it we can buy any pair that is present in the chain of solana buying any token according to our interest.

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2. What is the difference between the Ethereum platform's WETH and the TRON platform's WETH? Explain.

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One of the most extreme differences between Ethereum's WERH with respect to TRON's WETH are the gas costs, since in Ethereum they are usually excessively expensive while in TRON's network they are more accessible for many users, we also see the speed of transactions in TRON's network is much faster than in Ethereum's network.

Bitgo is the company in charge of performing WERH operations or rather guard this token within the TRON network therefore once the user unlocks his token immediately Bitgo burns the tokens that are automatically unlocked is necessary to maintain a healthy economic stability for the ecosystem and avoid scalability problems and allow better fluidity in the environment, on the other hand WETH tokens on the Ethereum network do not need to be burned as these are equal to 1 Ether therefore they are on the same ethereum network and do not need to be burned.

Ethereum WETH tokens and TRON WETH tokens are not compatible as they are designed with different programs within their structure, this is one of the most understandable extreme differences of the WETH tokens.

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3.- Make an investment of at least 5 $ of a Wrapped token. Explain the process with screenshots. You can use the JustSwap platform.

Let's buy the

WETH

token.

To perform this transaction we must go directly to https://www.tronlink.org/

Let's use JustSwap platform To buy the token

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Let's install the browser extension

Click on verification

Then go to "add extension".

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We add the password to access the wallet.

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Next step we click on "CREATE".

Then we are going to place a user name

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Make sure to save your seed password very well so that you don't become the object of a fraud later.

Now we place again our seed password in order.

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Congratulations you already have your wallet created

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Let's transfer out to my trons lins wallet right now. 90TRX

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We proceed to make the purchase right now

Go to the website = https://justswap.io/#/home

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I'm going to make a purchase with 80TRX equivalent to 7.92USDT

I choose the WETH token

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We confirm the transaction

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We accept the contract in the wallet

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The transaction has been completed

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Confirmation of the transaction we completed the transaction successfully. we were given

WETH 0.001687
Equivalent to 7.89USDT

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4- Explain in detail the Wrapped tokens of the TRON Blockchain. Show screenshot

For the tron network 4 Wrapped tokens have been added thanks to the company behind them bitgo It is that the TRON network is more and more seen and therefore we are going to see these tokens very soon be the center of attraction for many old and new investors. What is striking about this network apart from its great transaction speed and better gas, for this part due to the growth and to support the project bitgo brings the Wrapped tokens that emulate the real currencies such as ethereum and btc but in its version emulated tokens. they are protected and backed by the company BitGo.

These are the tokens that BitGo mints on the Tron network.

WETH:

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This token tries to emulate Ether but in the TRON ecosystem in such a way that some kind of applications can be established that can accept peer-to-peer exchange with the WETH coin is also open to the development of new applications to foster the growth of this.

Total Supply : 1,998.5988.5988000000000000000000WETH

Holders : 299 Addresses

Price : 4668.744640 USD ≈ 47275.940835 TRX

Date Created : 2020-12-17 08:14:58 AM

Web Site : https://wbtc.network/

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WBTC:

This token is intended to emulate the Bitcoin backed by Bitgo with a backing of 1 WBTC = 1BTC. It is intended to emulate a BTC in its entirety and be blocked once the investor buys it and begins to interact within the digital ecosystem once the user decides to leave, Bitgo simply unblocks and burns the tokens. All this is intended to interact within the digital ecosystem of TRON.

Total Supply: 99.89000964WBTC

Holders : 435 Addresses

Price: 61722.820726 USD ≈ 625008.357875 TRX

Date Created: 2020-12-17 08:14:50 (UTC)

Website: https://wbtc.network/

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WBTT:

This token is in charge of emulating the already known BTT this token originally works with TRON therefore they currently have the same website both WBTT AND BTT share the original site of the official BTT token, formerly if they had two different sites but this has changed.

Total Supply: 44,321,625,447.198649WBTT

Holders : 50,476 Addresses

Price: 0.003627 USD ≈ 0.036811 TRX

Date Created: 2020-09-15 14:16:45 (UTC)

Website: www.bittorrent.com

WTRX:

The native token of the TRON blockchain Pose the same value 1:1 and we see that it is a Wrapedd token the creators were the same of just and these pose an ecosystem where they even have a Swap and it is one of the number one of the Tron blockchain, we can observe in the following image:

Total Supply: 17,621,278,892.487224WTRX

Holders : 5,451 Addresses

Price: 0.098524 USD ≈ 1.000000 TRX

Date Created: 2020-04-03 15:53:42 (UTC)

Website: https://just.network/

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5- What is coining a Wrapped token? What is burning a Wrapped token? What is its function? Elaborate an example explaining the process.

What is minting a Wrapped token?

When you create a token and is backed by the native token for example you give as a guarantee the btc these keep it they mint you a token and give it to you with the same value but in the network that you are going to operate, in this way you will have a token that is fully compatible and functional in all operations that you perform within the ecosystem or blockchain network.
Due to the incompatibility that exists between networks such as BTC and ETH, it is necessary to create Wrapped tokens, so that they are compatible in any ecosystem with the same value and the same native market volatility.

When you are coining a token are emulating a token that is not compatible now with this emulation is already compatible ie it is like a clone that is in another network in parallel to the native token, in order to be able to perform all operations normally in the ecosystem where the native token was not compatible.

What is burning a Wrapped token?

Burning is to throw away the token and remove them from the network i.e. when a user already did all the work and wants to get the native token back he will simply perform a reverse operation in such a way that the native tokens will be unlocked and returned to the user, but the Wrapped tokens are burned and removed in the TRON network.

What is their function?
the function as I said several times before is to emulate the original token so that it can be used in a network where it was not compatible, it is done by leaving in custody the original tokens that are blocked by the company in charge Bitgo to then be blocked for the entire period of operations or until the user decides, the main function is to operate in the market make transactions, smart contracts and much more with the wrapped.

Explanatory Example

If I have about 73 ETH and I want to enter the tron Network with my Ether since in that network the commissions to create smart contracts transactions and others is cheaper than in the ETh network then I see that these two tokens are not compatible so I decide to look for the company BitGo to leave in their custody my 73ETH These give me the go ahead and tell me to send them to an address to be subsequently blocked then they send me to my wallet the WETH tokens as a guarantee for me to operate in the ETH network. This is all done through a smart contract.

After I perform the operations within the Tron ecosystem and I want my eth back I simply see if the 3 regulatory days have passed and then contact the company BitGo again to send me an address to send the WETH these are sent and once I sign the contract again the ETH are returned.

Conclusion:

Culminating this research work we see that Wrapped are very important within the networks to allow interact with currencies that are not compatible within these. we see that it is 100% safe and everything is backed by qualified personnel, we also note that the vast majority of people choose to work with TRON for its low rate of gas payments and higher speed in transactions.

We learned how to create an account on Tronslink and buy Wrapped within the JustSwap platform . it was quite interactive and educational really this research task thanks to professor @pelon53 for his research task.

for: @pelon53

By: @laser145