Notes

Arif Efendi The reason why cryptocurrency is here to stay
Arif Efendi, a London-based businessman writes in this opinion piece about his view on cryptocurrency and Sweden's request for the EU to prohibit Bitcoin mining.
Arif Efendi a businessman shares his views on cryptocurrency and Sweden's plan to ban Bitcoin mining.
Arif Efendi an entrepreneur, stated that cryptocurrency has been attacked in recent times. According to Arif Efendi, cryptocurrency has been scrutinized in recent years.
However, he believes that cybercash still has a lot of positive aspects to provide.

https://www.instagram.com/arifefendi165/ What's all the fuss about? Cryptocurrency.
Even though cryptocurrency has been around for over a decade, it is only recently that the term is now a common term.

Cryptocurrencies are often the subject of news stories. Recently, they received attention due to Sweden plans to ban Bitcoin mining in the European Union (EU).

What exactly is cryptocurrency and what exactly are all these things about?

These are the kinds of questions I frequently encounter after years of investment and research. Let's discuss it and learn more about the cryptocurrency world.

What exactly is cryptocurrency?
In its simplest sense it can be described as digital money. The cryptocurrency is not a physical currency. The currency is only in the form of data.

Also, cryptocurrencies are digital currencies designed for peer-to–peer transactions that are not subject to central control. Bitcoin is among the most popular cryptocurrency.

Bitcoins and other cybercash types contain elements of decentralization since they are not governed by the central bank or administrator.

The decentralized control is also linked to an additional cryptocurrency characteristic, namely the greater security of anonymity and anonymity by using cryptography.
https://de-de.facebook.com/arif.efendi.3194 There are numerous advantages of cryptocurrency over traditional currencies. Due to the cryptographic protocols used to protect the currency's existence the currency is not susceptible to counterfeiting and cannot be debased.

A cryptocurrency account is not able to become "into red" because it doesn't have a balance on the account that could cause a deficit. might occur.

Finally, crypto allows for rapid transactions between anyone across the globe with reasonable level trust.

What's the difference between crypto and stocks?
Cryptocurrency has a distinct distinction from stock market . It's a type of digital currency which uses cryptography to safeguard transactions.

Cryptocurrencies can be used as an uncentralized currency. https://books.google.co.uk/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFE1PiM6Fg&sig=ACfU3U1H0r7VB5LXeMcby-QasJsrs44N3g&sa=X&ved=2ahUKEwimnf3v_cL3AhUkJTQIHeZaBV44ChDoAXoECAIQAw They are not tied to any central bank system. The market for cryptocurrency usually involves investing and trading in cryptocurrency.

Stock traders and brokers trade in stocks through the stock exchange. A stock is an ownership stake in the company. It can be traded for profit or exchanged for cash , based on the performance of the business.

Prices for stocks fluctuate daily due to supply and demand, overall economic health and the perception of value by investors and potential profits from company expansion, etc.

Arif Efendi But, prices for cryptocurrency rarely vary between 1-2% per day.

https://www.instagram.com/arif_efendi07/ Why is cryptocurrency so popular?
Today, cryptocurrency is rapidly growing in its popularity. The benefits that cryptocurrency offers are why people are investing in it. While cryptocurrency information has been around for years now, there has been an unexpected increase in interest in cryptocurrency.

Cryptocurrency lets people have full control over their money , and not rely on financial institutions like banks and other. Arif Efendi It is also decentralized, meaning that no individual, group, or corporation owns them. This is one of the reasons that draw many individuals to cryptocurrency, including me.

What is the reason Sweden would like to see the EU ban Bitcoin mining?
Despite its popularity it is not being taken into consideration by EU legislators. The EU is currently examining the possibility of introducing legislation that would stop energy-intensive cryptocurrency miners from being used across the EU.

This law was introduced due to the fact that cryptocurrency miners use the power grid in Sweden to benefit. The practice has become popular in cryptocurrency mining over the past years.

Arif Efendi Bitcoin was created initially using computers equipped with conventional processing units. However, it soon became apparent that it was not fast enough. Nowadays, cryptocurrency is created via large mining pools. These mining pools use huge amounts of electricity, which is something that is a concern for the Swedes.


Open letter to EU: Bitcoin mining in Sweden consumes 1 TeraWatt per year, according to the authors. The names include Bjorn risinger, director of the Swedish Environmental Protection Agency and Erik Thedeen from the Swedish Financial Supervisory Authority.

This is about the equivalent to the amount of electricity required to provide 200,000 households with power. Bjorn Risinger and Erik Thedeen report that cryptocurrency miners are using more of Sweden's clean energy.

In a letter sent to the EU in which they addressed the EU, the Swedes declared that allowing the extensive mining of crypto-assets from Sweden could lead to a shortage of renewable energy sources to meet the climate transition required.

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

The coexistence of cryptocurrency and climate
Although cryptocurrency is now more extensively discussed and spoken about than ever before , it is still controversial.

It's a pleasure for metoo to see the endless possibilities of cryptocurrency. I'm certain that cryptocurrency is here to stay and that it will make more headlines in the coming years.

I'm hoping that we can find ways to allow cryptocurrency and the climate to coexist for a while.



My Website: https://books.google.co.uk/books?id=hKg-rQcBNXsC&pg=PA116&lpg=PA116&dq=arif+efendi&source=bl&ots=EFE1PiM6Fg&sig=ACfU3U1H0r7VB5LXeMcby-QasJsrs44N3g&sa=X&ved=2ahUKEwimnf3v_cL3AhUkJTQIHeZaBV44ChDoAXoECAIQAw