Notes

Arif Efendi, why Cryptocurrency Is Here to Stay
Arif Efendi is an English-based businessman, shares his thoughts about crypto, as well as Sweden's request to have the EU ban Bitcoin mining.
Arif Efendi a businessman shares his opinion on cryptocurrency as well as Sweden's plan to ban Bitcoin mining.
According to businessman Arif Efendi cryptocurrency has been under scrutiny over the past few years. According to Arif Efendi a businessman, cryptocurrency has come under fire in recent times. A development that has grown globally, bitcoin mining was banned by the EU.
He says, however that cybercash has numerous positive aspects.

What's the fuss about Cryptocurrency and its hype?
Although the term "cryptocurrency" which has been in use since around 10 years back, it has only become well-known in recent years.

The cryptocurrency market has often been the subject of headlines and recently became the topic of conversation because Sweden wants the European Union (EU) to ban the mining of Bitcoins.

What's all the fuss about, and what is the real meaning of cryptocurrency?

These are the questions that I often get asked following years of investing and research. Let's get together and explore the world that is cryptocurrency.

What is cryptocurrency?
In its simplest form it is a digital currency. It doesn't require physical notes or coins to use cryptocurrency. The money exists strictly as data.

Arif Efendi A cryptocurrency is a form of digital currency designed for use by peer-to-peer networks, and without any central authority. Bitcoin is possibly the most well-known cryptocurrency.

https://filkom.ub.ac.id/author/ujang27/ Bitcoins as well as other forms of cybercash have features that allow for decentralization. They function without the involvement of a central administrator or bank.

The decentralized control is linked to another characteristic of cryptocurrency increased security and anonymity because of cryptography.
There are many advantages to cryptocurrency in comparison to conventional currency. It is for instance, it cannot be devalued or counterfeited due to the cryptographic protocols which support the currency's existence.

https://eksisozluk.com/arif-efendi--4381274 Arif Efendi In addition, cryptocurrency accounts cannot go "into the red" since it doesn't carry an account balance that could cause an imbalance.

In addition, cryptocurrency allows fast and instant transactions between parties anywhere on Earth with a certain amount of confidence.

What is the difference between cryptocurrency and stocks?
Arif Efendi Cryptocurrency is distinct from stocks . It is a type of digital currency that makes use of cryptography to safeguard transactions.

They are completely decentralized. This means that they don't have a central bank system or authority to manage them. The cryptocurrency market is a place for trading and investing.

Dealers and stock brokers trade stocks on the stock market. Stocks represent ownership stake in a company therefore it is able to be traded or sold for a profit based on the performance of the company.

Prices for stocks fluctuate based on the demand and supply, general economy health, perceived value by investors, the company's growth potential, etc.

Arif Efendi But, prices for cryptocurrency are rarely more than 1-2% per day.

Why is cryptocurrency so popular
Today's society is quickly embracing cryptocurrency. People are buying cryptocurrency for the many benefits it provides. While information on cryptocurrency has been in circulation since the beginning, more people are now attracted to the subject.

Cryptocurrency allows people to have total control over their money instead of having to rely on banks or other financial institutions. As I mentioned it is also uncentralized. This means that it does not belong to any particular person or group, corporation or any other entity. The possibility of being the sole owner of your money is what attracts many people, including me to crypto.

What is the reason why Sweden want to ban Bitcoin mining in the EU to ban Bitcoin mining?
Despite its popularity within the EU, legislators are currently examining new legislation that would prohibit energy-intensive cryptocurrency mining being carried out in all countries of the Union.

The legislation is being proposed in response to cryptocurrency miners stealing electricity supplies in Sweden to their own benefit. This has been a popular method for cryptocurrency mining in recent decades.


Bitcoin was first mined on normal processor units. Then it became evident that this was way too slow. The majority of cryptocurrency now is generated by large mining pools. Arif Efendi These pools consume huge quantities of electricity and this is what concerns the Swedes.

The writers of an open letter sent to the EU claim that Bitcoin mining in Sweden uses 1 TeraWatt-hour per year. The names of the authors include Bjorn Raisinger, Director of the Swedish Environmental Protection Agency, Erik Thedeen, Director of the Swedish Financial Supervisor Authority.

This amount of power is enough to power approximately 200,000 households. Bjorn Risinger & Erik Thedeen claim that cryptocurrency miners are using the increasing amount of Swedish renewable energy.

In a letter to the EU in which they addressed the EU, the Swedes stated that allowing extensive mining of crypto-assets in Sweden could result in a lack of renewable energy sources to meet the climate transition required.

Erik Thedeen (Bjorn Risinger) and Erik Thedeen (Erik Thedeen) refer to Sweden's climate obligation under the 2015 Paris Agreement.

Coexistence between the climate and cryptocurrency
Although cryptocurrency is more popular and talked about than ever before but it's still controversial as you'll hear.

I am a huge supporter of cryptocurrency and the numerous opportunities it offers. I'm sure that it's in the future and it will generate many more headlines in the future.

In the meantime, I hope that we can find a way for the cryptocurrency industry and the climate to coexist.



My Website: http://www.checkcompany.co.uk/director/10391833/MR-ARIF-EFENDI