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Arif Emendi from London, a businessman, has contributed to this piece of opinion on cryptocurrency.Arif Efendi, a businessman, shares his views regarding cryptocurrency and Sweden's plan to stop Bitcoin mining. https://trade-britanica.trade/wiki/Businessman_Arif_Efendi_on_Crypto_Investment Arif Efendi is a businessman who claims that cryptocurrency has been in the news lately. According to Arif Elfendi, cryptocurrency has been featured in the news lately.He claims, however, that cybercash has many positive attributes. https://morphomics.science/wiki/Arif_Efendi_shares_his_insights_on_Crypto_Investment_with_a_businessman What's the buzz about Cryptocurrency?Even though cryptocurrency has existed for more than a decade, it's only in recent years that it has become a household name.Bitcoins have been featured in numerous news reports and in recent times, they were the hot topic because Sweden wants the European Union (EU) to stop mining Bitcoins.What is cryptocurrency, and what are all these things?These are questions that I get asked after years of investment and research. Let's tackle it together and learn more about the universe of crypto.What exactly is cryptocurrency?At its simplest, cryptocurrency is digital money. It is not physically based currency. Data is the sole form of money.A cryptocurrency is a kind of digital currency that is intended for use on peer to peer networks, without any central authority. The most widely known cryptocurrency is Bitcoin.Bitcoins and cybercash have aspects of decentralization because they work without a central bank system or a single administrator.The decentralized control is linked to a different characteristic of cryptography greater security and anonymity due to cryptography.Cryptocurrency has many benefits in comparison to conventional currency. Because of cryptographic protocols that guarantee the currency's existence it is not able to be counterfeited and cannot be debased.Furthermore, cryptocurrency accounts cannot be "in the red" since they don't have a balance on their accounts.Finally, cryptocurrency allows near-instantaneous transactions between different parties from any part of the world with some degree of confidence.What is the difference between crypto and stocks?Cryptocurrency is more valuable than stocks , because cryptocurrency is a type of digital currency that utilizes cryptography to make transactions.They are completely decentralized. That means they do not have any central bank system or authority to control them. The cryptocurrency market involves trading and investing.The stock market is the place where dealers and brokers trade stocks. Stock is a symbol of ownership in the company and can either be traded or bought with a profit, based on its performance.The price of stocks fluctuates daily due to demand and supply and the general health of the economy, perceived value by investors, potential for gains through business growth, etc.However, prices for cryptocurrency do not fluctuate by more than 1-2% per 24 hours.Why is cryptocurrency so popular?The popularity of cryptocurrency in the present day is increasing rapidly. Many people are buying cryptocurrency due to the benefits it provides. Although information about cryptocurrency has been known for years but it is only recently becoming widely used, leading to greater cryptocurrency transactions than before.The cryptocurrency system allows users to take complete control over their finances instead of relying on banks and financial institutions. It is also decentralized as no one, group, or company can own it. A lot of people like me are attracted to cryptocurrency for the capability to control their own money.What is the reason Sweden want to see the EU prohibit Bitcoin mining?Despite the increasing popularity of cryptocurrency mining, EU legislators are currently considering new legislation that will stop energy-intensive cryptocurrency mining any country within the bloc.Since cryptocurrency miners have been using electricity supplies in Sweden for their own benefit, legislation is being introduced. This has become a popular method of mining cryptocurrency in the last few years.Bitcoin was first mined on regular processor units. It soon became apparent that this was far too slow. Most cryptocurrency today comes from large mining pools. These mining pools consume enormous amounts of money and that's why it is a concern for the Swedes. https://valetinowiki.racing/wiki/Businessman_Arif_Efendi_on_Crypto_Investment A letter addressed to EU authors states that Bitcoin mining in Sweden now consumes 1 TeraWatt? of energy per hour. https://imoodle.win/wiki/Arif_Efendi_why_Cryptocurrency_Will_Rather_Stay The authors' names are Bjorn Raisinger, Director for the Swedish Environmental Protection Agency, Erik Thedeen, Director of the Swedish Financial Supervisor Authority.The amount of electricity generated would be enough to power around 200,000 homes. Bjorn Risinger & Erik Thedeen claim that cryptocurrency miners consume more and more of Sweden’s renewable energy.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 cover the climate transition required.Erik Thedeen & Bjorn Risinger are two terms that are used to refer to Sweden's climate commitments in accordance with the 2015 Paris Agreement. https://historydb.date/wiki/Rethinking_Hospitality_Navigating_the_PostCOVID_Era_with_Arif_Efendi Coexistence of the climate and cryptoWhile cryptocurrency is becoming more well-known and widely discussed than ever before, it is still controversial as you can hear.Ipersonally find great joy in cryptocurrency and the many opportunities it provides. I am sure it is in the future and it will generate many more news stories in the near future.In the meantime I hope that we can find a way for cryptocurrency and the environment to coexist.