RE: Buying My First Liquid Bitcoin
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There are just too many different versions of wrapped BTC but it was to be expected from the current network fees. How many more do you think will be created? There is already wBTC, BTCB, swap.BTC and many more.
I got confused a bit when I saw someone post a chart of ETC because I thought it was ETH and I don't know if I want to keep track of all the names.
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Lol well many of these chains cannot maintain liquidity so using an asset like BTC on it, yes you expose the security risk of that chain and smart contract by wrapping but the chains get an asset with ample liquidity and its growing, so less downward pressure as their native token so dex's and things have an asset to trade against that is more robust.
I am personally not a fan of wrapped BTC I don't own any but perhaps in the future, I just don't know enough about these chains to want to go off main or side chain yet
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