Binance-Peg WETH (Wrapped Ether) is a tokenized version of Ether (ETH) on the Binance Smart Chain (BSC). This token is backed 1:1 by original ETH but operates on the BSC, allowing for faster and cheaper transactions compared to the Ethereum network. By being "pegged" to ETH, Binance-Peg WETH retains the value of ETH while benefiting from BSC’s advantages, such as lower costs and improved scalability.
