what is a bitcoin mining rig

Now select WETH token. As wETH becomes more widely used in DeFi, more dApps, exchanges, and crypto wallets offer straightforward ways to wrap ETH. For instance, Ethereum software wallet MetaMask has a "Swap" function to instantly transfer ETH Check your URL to wETH and vice versa. Created by ConsenSys, MetaMask is a free self-custodial crypto wallet, meaning each wallet holder can access a secret passcode and exercise complete control over their cryptocurrencies. Wrapped Tokens are essentially crypto assets representing one cryptocurrency on multiple networks. You can use Ethereum solely on the Ethereum network, but what if you want more? That’s when you wrap your tokens and exchange them for the wrapped version that can be used on multiple chains. Wrapped Ethereum (WETH) is a tokenized version of Ethereum that represents Ether in a format compliant with the ERC-20 standard, maintaining the same value as Ether. Available on multiple Layer 1 and Layer 2 chains, WETH facilitates seamless interaction with decentralized applications and smart contracts. By converting Ether into an ERC-20 compatible token, WETH enhances functionality within the Ethereum ecosystem, bridging the gap between Ether and other ERC-20 tokens, and enabling more efficient trades and transactions across various blockchain layers.