Why WBTC Highlights the Importance of DecentralizationThe crypto world has been a bit tumultuous lately, particularly regarding some unsettling news about WBTC (Wrapped Bitcoin).To understand the turmoil, let’s start from the beginning.1. What is WBTC?WBTC, or Wrapped Bitcoin, is a tokenized version of Bitcoin. However, unlike Bitcoin, WBTC doesn’t operate on the Bitcoin blockchain. Instead, it runs on other networks. Essentially, WBTC uses smart contracts to "wrap" Bitcoin, creating a 1:1 to...