What it means
A token on one blockchain that represents an asset from another, such as bitcoin on Base.
The original is locked by a custodian or bridge, and the wrapped token can be redeemed for it.
How it works
You depend on whoever holds the original.
Related terms
| Term | What it means |
|---|---|
| Bridge (crosschain) | A service that moves tokens from one blockchain to another. |
| Bitcoin | The first cryptocurrency, launched in 2009, with a fixed supply of 21 million coins and its own blockchain. |
| Token | A unit of value recorded on a blockchain, which can stand for money, a vote, a share of a pool or anything else. |
This glossary explains terms in general. It isn't investment, tax or legal advice.