Imagine you have 10ETH in your wallet and want to send 2 ETH to your friend Alice.
You don't want to send it this very second, you just want to allow her to withdraw whenever she needs it.
With ETH, you can't allow Alice to withdraw 2ETH on her own.
With #WETH, you can!
The WETH contract maintains your balance of WETH and allows you to give others a fixed "allowance" of your balance.
RT @mesquka@twitter.com
7/ Ah, good question, this comes back to why I said #WETH is not the same as #FTX soBTC or #BitGo #WBTC
๐ฆ๐: https://twitter.com/mesquka/status/1596840059239424000
RT @mesquka@twitter.com
1/ In short #WETH is not the same as #FTX soBTC or #BitGo #WBTC. Why am I saying this and what do I mean? Let's take a look ๐งตโฌ๏ธ
๐ฆ๐: https://twitter.com/mesquka/status/1596840046862090240
From Cointelegraph.com: What is wrapped Ethereum (wETH) and how does it work? https://cointelegraph.com/news/what-is-wrapped-ethereum-weth-and-how-does-it-work #wrappedEthereum #ERC-20 #wETH #ETH
#eth #wETH #erc #wrappedEthereum
What is wrapped Ethereum (wETH) and how does it work?
https://cointelegraph.com/news/what-is-wrapped-ethereum-weth-and-how-does-it-work
#wrappedEthereum #ERC-20 #wETH #ETH
#wrappedEthereum #erc #wETH #eth
How to Take Advantage of The Merge? CoinGecko Co-Founder Shares Tips as Vitalik Buterin Confirms Date
https://www.coinspeaker.com/advantage-the-merge-coingecko/
#Cryptocurrencynews #BlockchainNews #VitalikButerin #ethereummerge #EthereumNews #ETHPoWTokens #AltcoinNews #coingecko #ethereum #themerge #polygon #ether #Merge #News #weth #eth
#Cryptocurrencynews #BlockchainNews #VitalikButerin #EthereumMerge #EthereumNews #ETHPoWTokens #AltcoinNews #Coingecko #ethereum #TheMerge #Polygon #ether #merge #news #wETH #eth
From Cointelegraph.com: Blockchain enthusiast allegedly losses $500k by sending WETH to contract address https://cointelegraph.com/news/blockchain-enthusiast-allegedly-losses-500k-by-sending-weth-to-contract-address #Cryptocurrency #wrappedEther #Ethereum #wETH #loss #ETH
#eth #loss #wETH #ethereum #wrappedEther #cryptocurrency
From Cointelegraph.com: Eth2 staking contract ranks as single-largest Ether hodler with $21.5B https://cointelegraph.com/news/eth2-staking-contract-ranks-as-single-largest-ether-hodler-with-21-5b #wrappedEthereum #feeburning #Ethereum #staking #Eth2 #wETH #ETH
#eth #wETH #eth2 #staking #ethereum #feeburning #wrappedEthereum