Strangely enough, you can wrap Ethereum to create wETH, and use that with ERC-20 compatible digital applications, because Ethereum’s native currency (ETH) was created before the ERC-20 token standard was introduced.
One of the biggest challenges facing Ethereum is scalability. It has become a victim of its own success, with the cost of Smart Contract execution (like minting an NFT), prohibitively high.
Wrapping and bridges offer an alternative. Wrap your ETH and use it on another blockchain with faster and cheaper transactions, creating a more efficient market for overall computational demand. Where’s the downside in that?
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