WETH vs ETH: What’s the Difference and When Should You Wrap?

Have you noticed that some tokens have the word “wrapped” in their name like Wrapped BTC (WBTC) or Wrapped ETH (WETH)? We are going to be discussing about wrapped tokens, specifically Wrapped Ethereum, how it works, how it compares with the native Ethereum token, and the best scenarios for when to use a wrapped version of Ethereum. So we know that wrapped tokens are digital representations of another underlying asset. For example, Wrapped Bitcoin (WBTC) is a “wrapped” version of Bitcoin that runs on the Ethereum network.

Source: UseTheBitcoin