Notes

Arif Efendi, Why Cryptocurrency Will Stay
Arif Efendi is a London-based businessman who has a strong opinion on cryptocurrency as well as Sweden's demand for the EU to prohibit Bitcoin mining.
Arif Efendi is a businessman who has a strong opinion about cryptocurrency.
Arif Elfendi, a businessman from Pakistan claims that cryptocurrency has become controversial in recent years. http://iot.ttu.edu.tw/members/arif-efendiksmc751/activity/218909/ According to Arif Elfendi, a businessman cryptocurrency has been under attack in recent times. A development that has seen Bitcoin grow in popularity across the world, mining was banned by EU.
He also says that the cryptocurrency still has many positive things to provide.

What's all the fuss about Cryptocurrency.
While cryptocurrency has been around since more than decade year period, it's only since the last couple of years that it has become an everyday phrase.

The news has been all about cryptocurrency and they were recently the talk of town because of Sweden's wish for the European Union (EU), to stop mining Bitcoins.

What's the issue with cryptocurrency?

These are the kinds of questions I've been asking myself for many years following my investment and research. Let's gather and get into the world that is cryptocurrency.

What exactly is cryptocurrency?
The most straightforward definition of cryptocurrency is digital currency. There are no paper bills or physical coins with cryptocurrency. Money exists only in the form and format of data.

Additionally, they are digital currencies that are designed to facilitate peer-to-peer transactions that are free from central control. Arif Efendi Bitcoin is the most well-known cryptocurrency.

Arif Efendi Bitcoins and various other forms of cybercash come with elements of decentralization since they operate without a central bank or single administrator.

Decentralized control is related to another characteristic of cryptocurrency that is enhanced security and anonymity because of its use of cryptography.
There are many benefits to cryptocurrency over traditional currency. Because of cryptographic protocols that protect the currency's existence the currency is not susceptible to counterfeiting nor debased.

A cryptocurrency account cannot also become "into red" because it does not have an account balance that could cause a deficit. might occur.

In addition, it allows fast transactions between people anywhere in the world with a reasonable level confidence.

What is the difference between cryptocurrency and stocks? How can it be used to boost their value?
The cryptocurrency is different from stock in the fact that it's a digital currency that uses encryption to safeguard transactions.

The cryptocurrency market is not a central banking system, and they are not centralized. The market for cryptocurrency usually involves the trading of cryptocurrency and investments.

The stock market permits dealers and brokers to trade stock. Stocks are a form of ownership in a company and can be sold or traded to earn a profit depending on its performance.

http://dudoser.com/user/Arif.Efendigcvx533/ 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.

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

Why is cryptocurrency so popular?
Arif Efendi Today, cryptocurrency is rapidly growing in popularity. People are buying cryptocurrency for the many benefits it provides. While cryptocurrency information has been available for a long time now, there has been a sudden surge in interest in cryptocurrency.

Cryptocurrency lets people have complete control of their money and not depend on banks or other financial institutions. It is also distributed, meaning that nobody, no group, or individual can control it. This is what attracts many people to cryptocurrency, like me.

What's the motive behind why Sweden is seeking to stop Bitcoin mining in the EU?
Despite its popularity in the EU legislators are examining new legislation that would restrict energy-intensive cryptocurrency mining performed in any country in the union.

Since cryptocurrency miners have been making use of electricity sources in Sweden to their advantage the legislation is currently being drafted. This is a very popular method of mining cryptocurrency in recent times.

Bitcoin was first mined using ordinary processing machines. However, the process proved to be slow when it first came out. Therefore, Bitcoin is now generated by large mining pools. They consume huge amounts of electricity which is a concern for the Swedes.

Open letter to EU authors states that Bitcoin mining in Sweden now consumes 1 TeraWatt per hour each year. The names of the writers are Bjorn Risinger director of the Swedish Environmental Protection Agency, and Erik Thedeen, director of the Swedish Financial Supervisory Authority

This is enough electricity to power 200,000 households. According to Bjorn Risinger and Erik Thedeen, cryptocurrency mining is consuming more of Sweden's renewable energy sources.

"If we allowed an extensive mining of crypto-assets in Sweden There is a chance that the amount of renewable energy resources available to us will be insufficient to support the necessary climate transition we'll need to undertake," the two Swedes addressed in their letter to the EU.

http://hawkee.com/profile/6358279/ Bjorn Risinger and Erik Thedeen refer to Sweden's obligations regarding climate in accordance with the 2015 Paris Agreement.

The cryptocurrency and the climate can coexist
While cryptocurrency is now more well-known and discussed than it ever was however, it is still a source of controversy as you can tell.

I am a huge supporter of cryptocurrency and all the opportunities it provides. Arif Efendi I am sure that it will continue to grow and be a major topic in the future.

I'm hopeful that we can come up with an avenue to allow cryptocurrency and climate to coexist in the interim.


Website: http://dudoser.com/user/Arif.Efendigcvx533/