BCD's smart contract asset on Ethereum (Wrapped BitcoinDiamond) is initiated by the BCD Foundation. It is a custodian solution. The custodian locks BCD and issues corresponding WBCD tokens. Strictly abide by the 1:1 reserve guarantee, that is, for every 1 WBCD issued, its asset depository address will have 1BCD asset guarantee to ensure that users can perform 1:1 exchange at any time.
WBCD, backed by Bitcoin Diamond (BCD) liquidity, is a digital currency issued based on the Ethereum ERC-20 standard, aiming to bring the liquidity and stability of Bitcoin Diamond as an encrypted digital currency to Ethereum In the workshop ecology.
WBCD will realize technical features such as decentralized ecology, smart contracts, consensus mechanisms, and multi-chain parallelism.