Notes

Arif Efendi, why Cryptocurrency Is Here to Stay
Arif Efendi is an English-based businessman, offers his opinions about crypto, as well as Sweden's request to have the EU ban Bitcoin mining.
Arif Efendi is a businessman who shares his opinion on cryptocurrency.
Arif Efendi is a businessman who says cryptocurrency has been featured in the news recently. According to Arif Efendi, cryptocurrency has come under scrutiny in recent times.
However, he claims that cybercash is still full of positive aspects to provide.


What's the fuss about Cryptocurrency.
Although cryptocurrency has been around since more than ten year, it's only been within the last few years that it's been a common phrase.

Cryptocurrencies are often the subject of headlines. Recently, they have gained attention because Sweden wants to ban mining Bitcoin within the European Union (EU).

What's the issue with cryptocurrency?

These are the kinds of questions I've been asking myself for several years, after having invested and studying. Let's take a dive together and investigate cryptocurrency.

What is cryptocurrency?
In its simplest sense, cryptocurrency can be described as digital money. It is a digital form of money. There are no physical notes or coins. The money exists only in the format and form of data.

Furthermore, cryptocurrencies are currencies designed for peer-to–peer transactions that are free from central control. Bitcoin is the most well-known cryptocurrency.

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

The decentralized control is connected to another characteristic of cryptocurrency, namely enhanced security and security because of its use of cryptography.
Cryptocurrency has many benefits when compared to traditional currencies. It isn't easy to counterfeit or debased because of the protocols for cryptography that ensure its existence.

A cryptocurrency account cannot also go "into red" since it does not have a balance in the account and a deficit might occur.

In addition, it allows quick transactions between any person on the planet with a reasonable level trust.

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

They do not have a central bank system, and they are not centralized. The cryptocurrency market involves trading and investing.

Stock traders and brokers trade in stocks through the stock exchange. Arif Efendi Stocks represent ownership interests in companies and can be traded for profit or resold for profit, based on the business's performance.

Prices for stocks fluctuate every day because of supply and demand economic health, perception of value of investors, and the potential benefits from growth of companies.

http://www.ispir.gov.tr/kadizade-mehmed-arif-efendi However, the prices of cryptocurrency seldom change by more than 1-2% per day.

What is the reason why cryptocurrency is so popular?
Today's society is quickly embracing cryptocurrency. People are buying cryptocurrency for its numerous benefits. Although information about cryptocurrency has been known for a long time but it is only recently becoming well-known, which has led to more transactions in cryptocurrency than ever before.

Cryptocurrency lets people have complete control of their money and not depend on financial institutions like banks and other. It's also distributed, which means that no company, group or person can manage it. Being in charge of your own money is what attracts lots of people, like myself to cryptocurrency.

Arif Efendi What is the motivation behind Sweden is seeking to stop Bitcoin mining in the EU?
Arif Efendi Despite its huge popularity, it is not currently being considered by EU legislators. The EU is currently looking into the possibility of introducing legislation that would hinder energy-intensive cryptocurrency miners being used throughout the EU.

Due to cryptocurrency miners making use of electricity sources in Sweden to gain a profit, the legislation was proposed. This has been a popular method of mining cryptocurrency in recent years.

Bitcoin was created initially using computers with conventional processing units. Arif Efendi However, it quickly became apparent that it was not fast enough. Bitcoin is now produced through large mining companies. They consume huge amounts of energy, which poses a threat for the Swedes.

In an open letter addressed to the EU, Bitcoin mining in Sweden is now using 1 TeraWatt/hour annually. https://orcid.org/0000-0002-0882-8385 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 will power 200 households. Bjorn Risinger and Erik Thedeen claim that cryptocurrency miners consume increasing amounts of Sweden's renewable energy.

"If we allow mining of large scale crypto-assets into Sweden it is a chance that the renewable power that we have will not suffice to meet our needs for transition to a more sustainable climate," wrote the Swedes in a letter to EU.

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

The cryptocurrency and the climate coexist
While cryptocurrency is more frequently discussed and debated about than ever before it remains a source of controversy.

I believe that cryptocurrency is a fantastic possibility that has endless possibilities. It's here to stay and I'm sure it'll generate a lot of attention in the near future.

In the meantime I hope that we discover a way to allow cryptocurrency and the environment to coexist.



Here's my website: https://soundcloud.com/arif-efendi-916524563