Notes

Arif Elfendi The Reasons Why Cryptocurrency Will remain
Arif Efendi is a businessman from London who has a strong opinion on cryptocurrency as well as Sweden's demand for the EU to ban Bitcoin mining.
Arif Efendi, a businessman has his own opinions on cryptocurrency and Sweden’s proposal to ban Bitcoin mining.
Arif Efendi is a businessman who says cryptocurrency has been featured in the news recently. According to Arif Efendi, a Swedish businessman, cryptocurrency has been under attack in recent years. This is a phenomenon that has grown globally.
He says, however that cybercash has numerous positive aspects.

What is the hype about Cryptocurrency?
Although the term "cryptocurrency" that has been around since at least a decade ago, it only been popularized in recent times.

https://www.amazon.co.uk/Mֳ¼badele-Sֳ¼recinde-Selanikli-Mustafa-Efendi/dp/6257900778 Arif Efendi Cryptocurrencies are often the subject of headlines. Recently, they have were the focus of attention as Sweden plans to ban Bitcoin mining in the European Union (EU).

What exactly is cryptocurrency and what are these terms?

These are the common questions I encounter after many years of research and investing. Let's dig in together and learn more about the world of cryptocurrency.

What is cryptocurrency exactly?
In its most basic form it can be described as digital money. It is not physically based currency. The only way to make money is via data.

Furthermore, cryptocurrencies are currency designed for peer-to-peer transactions that are not subject to central control. Bitcoin is the most popular cryptocurrency.

Bitcoins as well as other forms of cybercash are decentralized because they do not have a central banking institution.

The decentralized control is tied to a different characteristic of cryptography greater security and anonymity because of cryptography.
Arif Efendi The advantages of crypto over conventional currency are numerous. https://dergipark.org.tr/tr/pub/neuifd/issue/19718/210759 The cryptographic protocols supporting cryptocurrency's existence guarantee that it is not devalued or counterfeited.

In addition, cryptocurrency accounts are not "in the red" because cryptocurrency does not have a balance that could cause a deficit. can be derived.

In addition, cryptocurrency allows instant transactions between parties anywhere on Earth that are backed by a reasonable level of trust.

How is cryptocurrency different than stocks?
http://www.checkcompany.co.uk/director/10391833/MR-ARIF-EFENDI Cryptocurrency is different from stocks due to the fact that it utilizes cryptography to secure transactions.

Cryptocurrencies do not have any central banking system. The market for cryptocurrency involves investing and trading.

The stock market permits dealers and brokers to trade stocks. Stocks represent ownership stake in a company therefore it is able to be traded or sold at a profit based on the results of the business.


Stock prices fluctuate each day due to supply and demand and economic health overall as well as the perception of investors about value and potential profits from company expansion, etc.

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

Why is cryptocurrency so popular
The popularity of cryptocurrency is growing in the present day society. Due to its advantages, people are buying cryptocurrency. Although cryptocurrency information has been available for many years, it is now receiving more attention.

Cryptocurrency is a way for individuals to manage their money, rather than relying on banks and other financial institutions. It's also decentralized, meaning that no one, business, or organization has the right to control it. This is the reason why many people to cryptocurrency, including me.

What's the motive behind why Sweden is seeking to prohibit Bitcoin mining within the EU?
Despite its popularity the EU legislative body is currently examining new legislation that would block the use of energy-intensive crypto mining carried out in any country within the union.

Because cryptocurrency miners are using electricity sources in Sweden to their advantage, legislation is being introduced. It has become a common method of mining cryptocurrency in the past few time.

When Bitcoin was introduced, it was mined on computer systems that were able to process normal data However, it soon became apparent that the method was way too slow. Nowadays, cryptocurrency is created by large mining pools. These pools consume huge amounts, which is why it's a problem for the Swedes.

In an open letter addressed to the EU, Bitcoin mining in Sweden is now consuming 1 TeraWatt/hour per year. The names include Bjorn risinger, director of the Swedish Environmental Protection Agency and Erik Thedeen from the Swedish Financial Supervisor Authority.

https://www.dreamstime.com/arifefendi280_info This is the equivalent to the amount of electricity required to supply 200,000 homes with energy. Bjorn Risinger Erik Thedeen and others assert that cryptocurrency mining makes use of increasing amounts of Sweden's renewable energy sources.

"If we allowed the mining of crypto assets in Sweden There is a possibility that the amount of renewable energy resources available to us will be insufficient to support the necessary climate transition we'll need to make," the two Swedes wrote in their letter to the EU.

Erik Thedeen, Bjorn Risinger Erik Thedeen, Bjorn Risinger and Erik Thedeen are both referring to Sweden's climate obligations in the 2015 Paris Agreement.

The coexistence of climate change and cryptocurrency
Although cryptocurrency is being more talked about and popular than ever, it remains controversial.

To me, cryptocurrency is an incredible opportunity that offers unlimited possibilities. I am sure it will stay around and be a major topic in the future.

I do hope that in the meantime we can work together to ensure that the cryptocurrency and the climate coexist.



Here's my website: https://www.dreamstime.com/arifefendi280_info