Notes

Arif Efendi The Reasons Cryptocurrency is Going to Be Around for the Long Term
Arif Efendi is an English-based businessman, offers his opinions on crypto and Sweden's call that the EU ban Bitcoin mining.
Arif Efendi a businessman shares his views on cryptocurrency and Sweden's plans to ban Bitcoin mining.
Arif Efendi businessman Arif Efendi said that bitcoin mining has come attacked in recent times. According to Arif Elfendi, cryptocurrency has been in the news lately.
But he says that cybercash isn't the only thing with positive qualities to provide.

What's the fuss concerning Cryptocurrency?
Although cryptocurrency has been around for over 10 years, it's only recently that the term has been made a household word.

https://www.deadlinenews.co.uk/2023/05/30/rui-pinto-verdict-postponed-until-july-2023/ Cryptocurrencies have often made headlines and were recently the hot topic due to the fact that Sweden would like the European Union (EU) to prohibit mining Bitcoins.

What is all this about and what exactly is cryptocurrency actually?


After many years of research and investing this is a question I frequently get asked. Arif Efendi Let us dig into it together and learn more about the realm of cryptocurrency.

What exactly is cryptocurrency?
Digital money is crypto at its most basic. There are no physical notes or coins for using cryptocurrency. The only way to earn money is via data.

They are digital currencies that are able to be used in peer-to-peer networks without central authority. Bitcoin is the most well-known cryptocurrency.

Bitcoins and cybercash have elements decentralization as they work without a central banking system or single administrator.

Decentralized control is related to one more cryptocurrency characteristic, namely enhanced security and anonymity due to its usage of cryptography.
The advantages of cryptocurrency over traditional currencies. It is for instance, it cannot be debased or counterfeited due to the cryptographic protocols that ensure the existence of cryptocurrency.

A cryptocurrency account can't be "into red" because it does not have an account balance, from which a deficit may occur.

In addition, it allows rapid transactions between anyone across the globe with acceptable level of confidence.

https://www.facebook.com/arif.arifefendi.1/ How is cryptocurrency different to stocks?
The cryptocurrency differs from stocks by the fact that it is a kind of digital currency that makes use of encryption to safeguard transactions.

Cryptocurrencies have no central banking system and are decentralized. https://orcid.org/0000-0002-0882-8385 The market for cryptocurrency is principally about investing in and trading with cryptocurrency.

Stock traders and brokers deal in shares on the stock exchange. Stock represents ownership of the company and is traded or purchased for profit based on its performance.

Prices for stocks fluctuate based on demand and supply, the overall economy health, value viewed from investors, growth potential, etc.

But, prices for cryptocurrency are rarely more than 1-2% per hour.

What is the reason why cryptocurrency is so popular?
The popularity of cryptocurrency is growing in today's society. People are buying cryptocurrency for the numerous benefits it offers. Although cryptocurrency information is available for many years, cryptocurrency is gaining more interest.

Cryptocurrency gives people complete control over their finances. It's not dependent on banks and financial institutions. Like I mentioned earlier it is also not centralized. It means it is not the property of any particular person or group, business, or organization. https://books.google.co.uk/books?id=NSOJUHDf6akC&pg=PA130&lpg=PA130&dq=arif+efendi&source=bl&ots=eF9p5iuOCi&sig=ACfU3U34ZJJ1Co4uX3ZrOPSeQ2KBa3BIlQ&sa=X https://postvines.com/arif-efendi-2022-fifa-world-cup-football/ The ability to be in control of your own money is what draws many people, including me to cryptocurrency.

https://businesscloud.co.uk/news/arif-efendi-answers-all-your-questions-about-cryptocurrency/ What is the reason why Sweden is seeking to stop Bitcoin mining in the EU?
Despite its popularity it is not currently being considered by EU legislators. The EU is currently looking into new legislation, which would stop energy-intensive cryptocurrency miners from being used throughout the EU.

This legislation was proposed due to the fact that cryptocurrency miners use the electricity supply in Sweden to benefit. This is a very popular way of mining cryptocurrency in recent years.

Bitcoin was first mined on regular processor units. It soon became apparent that this was far too slow. Nowadays, cryptocurrency is created through large mining pool. These pools consume huge amounts and this is the reason it concerns the Swedes.

A letter addressed to EU authors declares that Bitcoin mining in Sweden currently consumes 1 TeraWatt of energy per hour. The names of the authors are Bjorn Raisinger, Director for the Swedish Environmental Protection Agency, Erik Thedeen, Director of the Swedish Financial Supervisor Authority.

This is the equivalent amount of power needed to supply 200,000 homes with electricity. Bjorn Riser and Erik Thedeen say that cryptocurrency mining consumes more energy in Sweden.

In a letter to the EU in which they addressed the EU, the Swedes said that allowing massive mining of crypto-assets from Sweden could result in a lack of renewable energy to cover the necessary climate change.

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

Coins and climate coexist
Although cryptocurrency is being more talked about and popular than ever, it remains controversial.

I find immense joy in cryptocurrency and all the possibilities it offers. It's here to stay, and I'm sure it'll make a lot of headlines within the next few years.

I do believe that we can work together to make the cryptocurrency and the climate coexist.



My Website: https://books.google.co.uk/books?id=NSOJUHDf6akC&pg=PA130&lpg=PA130&dq=arif+efendi&source=bl&ots=eF9p5iuOCi&sig=ACfU3U34ZJJ1Co4uX3ZrOPSeQ2KBa3BIlQ&sa=X