S4B Crypto Contest - Season 24

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What do you know about green cryptocurrencies?

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Cryptocurrency is a digital currency that was first created by humans in 2009 with the name Bitcoin which became the pioneer of all cryptocurrencies that exist today.

Simply put, in order for cryptocurrency projects, both Bitcoin and other Altcoins, to run well, miners are needed who can complete blocks in the cryptographic technology.

To become a miner of a cryptocurrency project itself requires a lot of electrical energy, it is recorded that mining Bitcoin has used up 198 terawatt-hours (TWh) of annual electricity.

Because of the very high energy costs, green cryptocurrency projects were issued to minimize the energy needed by cryptocurrency projects, especially Bitcoin.

What role can crypto play in fighting inflation?

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Especially Bitcoin, the role played in fighting inflation is because Bitcoin has a limited coin stock, namely there will only be 21 million Bitcoins created.

This is what makes Bitcoin able to fight inflation, because the small stock of Bitcoin and the increasing number of enthusiasts every year make the price of Bitcoin higher.

Since the last 10 years, the graph made by Bitcoin has been very positive and has always increased every year, this makes Bitcoin increasingly sought after by investors around the world, especially now that the SEC has approved the Bitcoin ETF which will make Bitcoin the number one best asset in the world in my opinion.

What challenges must crypto overcome in order to be widely adopted?

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The first challenge that crypto must overcome today is the regulation of a country, because currently there are still countries that have not regulated crypto such as China and Saudi Arabia which makes many people still feel doubtful about the big projects built in cryptocurrency.

However, some countries also legalize crypto if it is owned only to be stored as an asset, but it is not illegal if it is used as a means of transaction.

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Hopefully the world's eyes can be opened to crypto regulations in the future so that we can all see the beauty of the world in the future with increasingly sophisticated technologies.

Here is my entry for Contest Alert 📢: S4B Crypto Contest - Season 24 hosted by brother @waqarahmadshah, I would also like to invite @dekki, buk @sailawana and @dikimon2 to participate together in this contest.