# Litepaper ## Litepaper Introduction The wrapped asset market remains a pivotal force within the cryptocurrency sector. Foremost among these assets is Wrapped Bitcoin (WBTC), boasting a substantial market capitalization of $4 billion. The persistently high demand for quality wrapped Bitcoin products is apparent. Protocols capable of efficiently providing these services on the Cardano blockchain are well-positioned to capture a considerable portion of the Wrapped Bitcoin market. **AnetaBTC V1** Our V1 protocol, which launched on June 16th, 2023, is currently the leading wrapped Bitcoin asset on Cardano, having successfully processed over 100 BTC in transactions, totaling well over $7 million of value safely through our protocol. While we are excited by our V1 accomplishments, we are confident this only scratches the surface of what is possible. Read the full Litepaper [here](https://medium.com/@anetaBTC/litepaper-v2-our-most-capable-wrapping-protocol-d25be35cc1a1). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.anetabtc.io/fundamentals/litepaper.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.