I have been comparing Plasma pBTC with WBTC and the difference feels obvious to me. pBTC does not rely on one company holding the keys. Instead keys are split across validators so no single party controls Bitcoin. I like that BTC deposits can be verified on chain and pBTC is minted one to one instantly on Plasma fast network. WBTC depends on centralized minting which has caused issues before. With Plasma the extra Bitcoin anchored proofs zero fee transfers and native DeFi use make BTC actually usable. To me this finally feels like programmable Bitcoin without the usual tradeoffs.
XPL
0.0965
-5.11%