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Ether is one of the most commonly known cryptocurrencies in the crypto-verse. It is hard to talk about top cryptocurrencies without talking about Ether. It is the native currency on the Ethereum blockchain, the second largest blockchain network.
Wrapped Ether or WETH is the ERC-20 compatible version of Ether. The term WETH has become popular over time, and you’ve likely heard it before while reading or talking about Ethereum.
As a native currency on the Ethereum blockchain, Ether was created before the ERC20 standard. It, therefore, is not ERC20 compatible and cannot be exchanged directly for other ERC20 tokens.
For Ether to be exchanged with other Ethereum-based tokens, tokens that conform to the ERC20 standard, it has to be wrapped in WETH. Wrapping ETH does not affect its value as the ratio remains 1:1.
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