Notes

Arif Efendi The Reasons Cryptocurrency is here to stay

Arif Emendi, a London businessman, contributes to this Op-Ed. He offers his views about cryptocurrency and Sweden's request that the EU ban Bitcoin mining.
Businessman Arif Efendi shares his view on cryptocurrency and Sweden's proposal to stop Bitcoin mining.
Arif Efendi is a businessman whose views on cryptocurrency has come under scrutiny over the last few years. According to Arif Efendi ,, a Swedish businessman, cryptocurrency has been attacked in recent times. This is a change that has resulted in the global expansion of bitcoin mining.
https://www.facebook.com/AriftetapSLANKERS/ claims that cybercash is still a great option, with numerous positive benefits.

What's the issue with Cryptocurrency hype?
While cryptocurrency has been around since more than decade year time span, it's been in the last few years that the term is becoming a commonplace term.

The news has been all about crypto and the cryptocurrency was recently the talk of town because of Sweden's wish for the European Union (EU), to prohibit mining of Bitcoins.

What's the issue with cryptocurrency?

These are the most common questions I've received over several years of investment and research. Let's get together and get into the world of cryptocurrency.

What is cryptocurrency?
In its most basic sense, cryptocurrency is digital money. With cryptocurrency, there aren't any physical coins or paper notes. The only way to make money is to use data.

In addition, cryptocurrencies are a type of digital currencies designed for use on peer-to peer networks without central authority. Bitcoin is possibly the most well-known cryptocurrency.

Bitcoins and other forms of cybercash can be considered decentralized because they do not have a central bank.

The decentralized control is tied to another cryptocurrency characteristic: enhanced anonymity and security due to cryptography.
There are numerous benefits to cryptocurrency over traditional currency. For instance, it is unable to be devalued or counterfeited due to the cryptographic protocols which support the existence of cryptocurrency.

Additionally, cryptocurrency accounts are not allowed to be "into red" since they don't have an account deficit.

Additionally, cryptocurrency permits instantaneous transactions between various parties from all over Earth with a fair amount of confidence.

What is the difference between cryptocurrency and stocks?
Cryptocurrency has a distinct difference from stock market . It is a kind of digital currency that utilizes cryptography to protect transactions.

Cryptocurrencies do not have any central bank system. It is common to trade and invest in cryptocurrency.

The stock market is the place where dealers and brokers deal in stocks. Stocks represent ownership interests in companies and can be traded at a profit or resold at a profit based upon the performance of the company.

https://foursquare.com/v/arif-efendi/528bca16498ec64f87dca04e fluctuate daily in response to demand and supply economic health, perception of value of investors and potential gains from company growth.

However, https://www.alamy.com/stock-photo-hilye-bakkal-ahmed-arif-efendi-139964997.html of cryptocurrency typically are not more than 1-2% per hour.

Why is cryptocurrency so popular?
https://bitrebels.com/business/crypto-enthusiast-arif-efendi-why-prefer-cryptocurrency-over-stocks/ of cryptocurrency is increasing rapidly. popularity in the present. The people who buy cryptocurrency are buying it for the many benefits it provides. The subject of cryptocurrency has been available for many years, but more recently cryptocurrency has been arousing curiosity, leading to more purchases of cryptocurrency than ever before.

Cryptocurrency lets people have total control over their money , instead of relying on banks and financial institutions. It's also decentralized meaning that no one, group, company or organization owns it. The ability to be in control of your own money is the reason that draws many people, including myself, to cryptocurrency.

Why is Sweden opposing Bitcoin mining being outlawed by the EU
Despite its popularity the EU legislature is currently looking at new legislation that would prohibit the use of energy-intensive crypto mining carried out in any EU country.

The law is being considered due to cryptocurrency miners draining electricity supplies in Sweden to their own benefit. In recent times it has become extremely popular to mine cryptocurrency.

Bitcoin was initially mined with ordinary processing machines. However, the process proved to be too slow when it was first introduced. Nowadays, cryptocurrency is created through large mining companies. The Swedes are worried about the massive electricity usage of these mining pools.

Open letter to EU authors asserts that Bitcoin mining in Sweden currently consumes 1 TeraWatt of energy per hour. The authors of this open letter to the EU are Bjorn risinger, director of the Swedish Environmental Protection Agency and Erik Thedeen. They also direct the Swedish Financial Supervisor Authority.

This amount of electricity is enough to power 200,000 households. Bjorn Riser and Erik Thedeen say that cryptocurrency mining consumes more and more Sweden’s renewable energy.

"If we allow large-scale crypto-asset mining in Sweden, there's a risk that our renewable energy will not cover the required climate change we have to achieve," said the Swedes in their letter to EU.

Erik Thedeen & Bjorn Risinger are two terms that refer to Sweden's climate obligations under the 2015 Paris Agreement.

Climate and cryptocurrency coexist
While cryptocurrency is becoming more well-known and discussed than it has ever been, it is still in the middle of controversy, as you can hear.

I have a lot of fun with cryptocurrency and all its possibilities. I'm sure it will be in the future and is sure to make more news.

In the meantime, I'm hopeful we'll be able to come up with a solution that allows the climate and cryptocurrency can coexist.


Homepage: https://www.facebook.com/AriftetapSLANKERS/