Notes

Arif Elfendi: Why Cryptocurrency will Stay
Arif Efendi (a London-based businessman from London) gives his thoughts about cryptocurrency and Sweden's request to the EU to ban Bitcoin Mining.
Arif Efendi a businessman shares his view about cryptocurrency and Sweden's plans to ban Bitcoin mining.
According to businessman Arif Efendi cryptocurrency has come under fire in recent years. According to Arif Emendi, cryptocurrency has been scrutinized in recent years.
He also says that the cryptocurrency isn't the only thing with positive qualities to offer.

What's all the buzz about? Cryptocurrency.
While the term "cryptocurrency" that has been around since around a decade back, it has only gained prominence in the last few years.

Cryptocurrencies have often made headlines and in recent times, they were the talk of the town due to the fact that Sweden would like to ban the European Union (EU) to stop mining Bitcoins.

What exactly is cryptocurrency and what exactly are all these terms?

These are the kinds of questions I frequently encounter following years of investing and research. Let's look into the world of cryptocurrency together.

Arif Efendi What exactly is cryptocurrency?
The cryptocurrency is essentially digital money. It doesn't require physical coins or notes for using cryptocurrency. The money exists strictly in the form of data.

Cryptocurrencies are digital currencies that are able to be used in peer-to-peer networks without central authority. http://www.clacker.com.au/index.php?page=user&action=pub_profile&id=1132206 Bitcoin is by far the most prominent cryptocurrency.

Bitcoins and various other forms of cybercash are characterized by decentralization because they operate without a central bank or single administrator.

The decentralized control is linked to a different characteristic of cryptography increased security and anonymity through cryptography.
The advantages of cryptocurrency are far higher than traditional currencies. It is for instance, it cannot be devalued or counterfeited because of the cryptographic protocols that support the existence of cryptocurrency.

Furthermore, cryptocurrency accounts aren't able to go "into the red" because it doesn't have an account balance which could result in an imbalance.

With a decent level of trust, cryptocurrency allows for almost instantaneous transactions between different parties on Earth.

What is the difference between cryptocurrency and stocks?
The cryptocurrency is more than stocks , because cryptocurrency is a digital currency which makes use of cryptography to conduct transactions.

They do not have a central bank system and are decentralized. The cryptocurrency market is primarily about cryptocurrency trading and investing.

Stock market acts as an exchange on which brokers and dealers exchange stocks. Stock is an ownership interest in the business. It is traded for profit or traded for cash based on the performance of the business.

The price of stocks fluctuates daily because of demand and supply as well as the general health of the economy and the perception of value by investors potential gains from business growth, etc.

But, the prices of cryptocurrency rarely fluctuate by more than 1-2% per 24 hours.

http://opelforum.lv/user/Arif.Efendiujdg158/ Why is cryptocurrency so popular?
The cryptocurrency market is growing rapidly in popularity today. The advantages that cryptocurrency provides is the main reason investors are making investments in it. The subject of cryptocurrency has been in circulation for a long time, but in recent times cryptocurrency has been arousing curiosity, which has led to more purchases of cryptocurrency than at any time before.

Cryptocurrency lets people have total control over their money instead of having to rely on banks or financial institutions. It's also decentralized because nobody, no group, or company has the right to control it. Arif Efendi Many people are drawn to cryptocurrency because they have the ability to manage their money.

What is the reason Sweden would like to see the EU prohibit Bitcoin mining?
Despite the increasing popularity of cryptocurrency mining, EU lawmakers are currently examining new legislation that would ban energy-intensive cryptocurrency mining in any EU member country.

Due to cryptocurrency miners using electricity supplies in Sweden to gain a profit, the legislation has been proposed. This is a very popular way of mining cryptocurrency in recent years.

Bitcoin was initially mined using normal processing units. However, the process proved to be too slow when it first came out. Thus, Bitcoin is now produced by large mining pools. These pools use huge amounts energy, which poses a threat for the Swedes.

In an open letter to the EU, Bitcoin mining in Sweden is now consuming 1 TeraWatt/hour annually. The authors include Bjorn Risinger (director of the Swedish Environmental Protection Agency) and Erik Thedeen (director of the Swedish Financial Supervisor Authority).

The amount of electricity produced is enough to supply power to 200 homes. According to Bjorn Risinger and Erik Thedeen, cryptocurrency mining uses more and more of Sweden's renewable energy sources.

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

Erik Thedeen and Bjorn Risinger refer to Sweden's climate pledges in the 2015 Paris Agreement.

Coexistence between the climate and cryptocurrency
Although cryptocurrency is now more widely discussed and talked about than it ever was, it is still a subject of debate.

It's a pleasure for metoo to be able to envision the endless possibilities that cryptocurrency has. I am sure it is going to be around for a while and it will generate many more news stories in the near future.

https://healthinsiderguide.com/user/arif.efendiblku922 I'm hopeful that we can come up with ways to allow cryptocurrency and climate to co-exist in the interim.


Homepage: http://webcamera.ru/user/Arif-Efendiltgv881/