Cryptocurrency is traded through a system called blockchain, which involves a ‘sender’ and ‘receiver’ of the transaction record, along with a ‘miner’ who verifies the transaction’s integrity. Essentially, it is a multi-party system that depends on computer hardware known as a server. Running a computer to calculate and validate transactions consumes electricity, and to participate in the blockchain network, the cryptocurrency issuer must pay a fee. This fee effectively reflects electricity costs. Since the blockchain system relies on electricity, the core of cryptocurrency ultimately comes down to energy. - Joseph’s “just my thoughts”
Value is created through production and consumption, while added value emerges from exchange. An exchange is, in economic terms, a transaction and, in legal terms, a contract. Wealth is created when value-added accumulates. As a result of the coronavirus, humans are entering a period of quarantine. During this time, goats and deer are running in London's residential yards, and the Himalayan Mountains are invisible due to dust pollution in India. It is undeniable that human activity has had an absolute impact on nature. Your interactions and activities have significantly impacted the world, even if you didn't realize it. If you want to get rich, you have to stay active. You need to interact with the world anyway. - Joseph’s “just my thoughts”