Who Are the Founders of Wrapped Bitcoin?
Wrapped Bitcoin (WBTC) is a popular cryptocurrency that is designed to bring the liquidity of Bitcoin to the Ethereum network. While WBTC is a community-driven initiative, it was created by a group of cryptocurrency companies and projects. Let’s take a closer look at the founders of Wrapped Bitcoin.
- BitGo: BitGo is a leading blockchain security and custody company. The company was founded in 2013 by Mike Belshe and Ben Davenport, both of whom have extensive experience in the technology industry. BitGo is responsible for securing the Bitcoin that is used to create WBTC.
- Kyber Network: Kyber Network is a decentralized exchange that is built on the Ethereum blockchain. The project was founded in 2017 by Loi Luu, Victor Tran, and Yaron Velner. Kyber Network is responsible for providing liquidity for WBTC.
- Ren: Ren is a decentralized finance (DeFi) protocol that enables cross-chain liquidity. The project was founded in 2017 by Taiyang Zhang, Loong Wang, and Noah Ingham. Ren is responsible for providing the technology that enables the creation and redemption of WBTC.
- BitMax: BitMax is a digital asset trading platform that was founded in 2018 by George Cao, Ariel Ling, and Dr. Khachatur Gukasyan. BitMax is responsible for listing WBTC and providing liquidity for the cryptocurrency.
Together, these companies and projects have formed the Wrapped Bitcoin Initiative, which is responsible for the ongoing development and growth of WBTC. The initiative is governed by a community of token holders who are responsible for making decisions about the future of the cryptocurrency.
In conclusion, the founders of Wrapped Bitcoin are a group of respected and experienced companies and projects in the cryptocurrency space. Through their collaboration, they have created a cryptocurrency that brings the liquidity of Bitcoin to the Ethereum network, enabling a wide range of DeFi applications. As the cryptocurrency ecosystem continues to evolve, it will be interesting to see how WBTC continues to grow and evolve along with it.