{"id":8179,"date":"2022-09-27T08:42:34","date_gmt":"2022-09-27T08:42:34","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8179"},"modified":"2022-09-27T08:42:34","modified_gmt":"2022-09-27T08:42:34","slug":"wrapped-ethereum","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/27\/wrapped-ethereum\/","title":{"rendered":"Wrapped Ethereum"},"content":{"rendered":"\n<p>Strangely enough, you can wrap Ethereum to create wETH, and use that with ERC-20 compatible digital applications, because Ethereum\u2019s native currency (ETH) was created before the ERC-20 token standard was introduced.<\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<p>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\u2019s the downside in that?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strangely enough, you can wrap Ethereum to create wETH, and use that with ERC-20 compatible digital applications, because Ethereum\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[563],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8179"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8179"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8179\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}