What is cryptocurrency?
Cryptocurrency. It’s the hot buzzword of the investing world these days.
But what is it?
Currency as we know it is evolving and cryptocurrencies are changing the way we trade and invest. A cryptocurrency is a new form of digital money made secure using complex cryptography. It’s backed by a secure network instead of a bank. Cryptocurrencies are stored in a digital wallet which can be installed on user’s computer and mobile devices. The wallet is a kind of virtual bank account. Like stocks, users can be buy, sell, and trade cryptocurrencies in cryptocurrency exchanges. Similar to a stock market like NASDAQ, cryptocurrency exchanges allow people to trade crypto coins and tokens.
The most well known crypto coin Bitcoin was invented in 2006, and Ethereum in 2014. Blue Baikal’s BBC token was first issued in 2019.
Still think cryptocurrency is too complicated? Don’t worry.
Alchemist Republic makes investing in cryptocurrency as easy as playing video games. All you need to do is download and play the games published on Alchemist Republic and collect in-game assets, as known as NFT. You, then, have the option to sell these NFTs on marketplaces like OpenSea for cash or stake them in pools to create a passive income.
Simply put, the Alchemist Republic provides you with one of the easiest ways to start investing in cryptocurrencies!
