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Easily convert BTC to ALCX with ConvertOnline's efficient tool.
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions over the internet without the need for intermediaries such as banks. It operates on a technology called blockchain, which is a distributed ledger that records all transactions transparently and securely.
Alchemix (ALCX) is a decentralized finance (DeFi) protocol that allows users to create self-repaying loans using their crypto assets as collateral. By leveraging future yield from deposited assets, Alchemix enables users to access liquidity without the need for traditional repayment methods.