Notes

Arif Efendi: Why cryptocurrency will not go away
Arif Efendi (a London-based entrepreneur) gives his thoughts about cryptocurrency and Sweden's request for the EU to ban Bitcoin Mining.
Arif Efendi a businessman shares his views on cryptocurrency and Sweden's plans to ban Bitcoin mining.
https://pariwisata.batukota.go.id/node/13745 Arif Elfendi, a Pakistani businessman claims that cryptocurrency has become controversial in recent times. As a result, Sweden has urged the EU to ban bitcoin mining, a development that has grown globally.
He claims, however, that cybercash has many positive attributes.

What's all the fuss about Cryptocurrency and its hype?
Although cryptocurrency has been around for a while but the term has only been a household word in recent years.

The cryptocurrency market has often been the subject of headlines and in recent times, they were the hot topic due to the fact that Sweden is urging the European Union (EU) to prohibit mining Bitcoins.

What's the significance to all this? And , what is cryptocurrency?

These are the types of questions I frequently encounter following years of investing and research. Let's all get together and dive into the world of cryptocurrency.

What is cryptocurrency?
It is basically a digital currency. The cryptocurrency isn't a physical currency. The currency is only in the form of data.

They are digital currencies that are able to be used on a peer-to peer network, without the need for central authority. The most widely known cryptocurrency is Bitcoin.

Bitcoins as well as other kinds of cybercash come with elements of decentralization since they operate without the central bank, or a single administrator.

Decentralized control refers to another characteristic of cryptocurrency, which is the increased security and anonymity due to the use of cryptography.
The benefits of cryptocurrency over traditional currency are numerous. Arif Efendi It isn't easily manipulated or debased because of the protocols for cryptography that ensure its existence.

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

https://books.google.com/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFE1PiM3zl&sig=ACfU3U0taqiPz0ckve0PPDyMbQPLp16JAA&sa=X&ved=2ahUKEwie2ZHH_ML3AhVIq3IEHSC2AQEQ6AF6BAgnEAM Additionally, cryptocurrency permits near-instantaneous transactions between different parties anywhere on Earth with a reasonable degree of trust.

What distinguishes cryptocurrency from stocks and how can it be used to boost their value?
The cryptocurrency is more valuable than stocks since it is a digital currency that makes use of cryptography to conduct transactions.

Cryptocurrencies are completely decentralized, meaning they do not have a central banking system or authority that controls their operations. The market for cryptocurrency is mostly about investing in and trading with cryptocurrency.

Arif Efendi Stock market: This is where brokers and dealers deal in stocks. Stock is an ownership stake in the company. It is traded at a profit , or traded for cash based on the performance of the company.

Stock prices fluctuate daily because of supply and demand economic health, perception of worth of investors, as well as the possibility of profit from growth in a company.

But, cryptocurrency prices fluctuate less than 1-2% each day.

Why is cryptocurrency so popular?
It is rapidly growing in popularity in today's society. The benefits that cryptocurrency offers are the reason why people are investing in it. Although cryptocurrency information is available for many years, the cryptocurrency market is now gaining more interest.

Cryptocurrency allows people to have complete control over their money instead of having to rely on financial institutions like banks and other. It is also decentralized which means nobody, no group or corporation has ownership of it. A lot of people like cryptocurrency due to the fact that they can control their money.

Why does Sweden would like to see the EU prohibit Bitcoin mining?
Despite its popularity , the EU legislative body is currently examining new legislation which would ban the use of energy-intensive crypto mining performed in the countries of the Union.

Arif Efendi Because cryptocurrency miners are using electric power sources in Sweden for their own benefit the legislation is currently being drafted. In recent times, it has become a popular method to generate cryptocurrency.

Bitcoin was first created using regular processing units. But it was soon obvious that the process was too slow. Most cryptocurrency today is derived from mining pools that are large in size. The Swedes are worried by the fact that these pools consume huge amounts of energy.

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

This is the same amount of electricity needed to provide 200,000 households with power. Bjorn risinger and Erik Thedeen report that cryptocurrency mining companies are using increasing amounts of Sweden's renewable energy.

"If we allowed extensive mining in Sweden of crypto-assets, there's the possibility that the amount of renewable energy available will not be enough to support the needed climate transition that we have to make," wrote the Swedes in their letter to EU.


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

Arif Efendi The coexistence of the climate and cryptocurrency
While cryptocurrency is more popular and talked about than ever before in the mainstream media but it's still in the middle of controversy.

https://www.instagram.com/arif_efendi07/ It is a joy to metoo to be able to envision the endless possibilities that cryptocurrency has. Arif Efendi It's here to stay and I'm confident it'll make a lot of headlines within the next few years.

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



My Website: https://pariwisata.batukota.go.id/node/13745