High oil prices, competing demands between foods and other biofuel sources, and the world food crisis, have ignited interest in algaculture (farming of algae) for making vegetable oil, biodiesel, bioethanol, biogasoline, biomethanol, biobutanol and other biofuels, using land that is not suitable for agriculture.
Algae holds enormous potential to provide a non-food, high-yield, non-arable land use source of biodiesel, ethanol and hydrogen fuels. Microalgae are the fastest growing photosynthesizing organism capable of completing an entire growing cycle every few days. Up to 50% of algae’s weight is comprised of oil, compared with, for example, oil palm which yields just about 20% of its weight in oil.
Algaculture (farming of algae) can be a route to making vegetable oils, biodiesel, bioethanol and other biofuels. Microalgae are one-celled, photosynthetic microorganisms that are abundant in fresh water, brackish water, and marine environments everywhere on earth. The potential for commercial algae production is expected to come from growth in translucent tubes or containers called photo bioreactors or open ocean algae bloom harvesting. The other advantages of algal systems include:
carbon capture from smokestacks to increase algae growth rates
growing carbohydrate rich algae strains for cellulosic ethanol
using waste streams from municipalities as water sources
Algae have certain qualities that make the organism an attractive option for biodiesel production. Unlike corn-based biodiesel which competes with food crops for land resources, algae-based production methods, such as algae ponds or photobioreactors, would “complement, rather than compete” with other biomass-based fuels. Unlike corn or other biodiesel crops, algae do not require significant inputs of carbon intensive fertilizers. Some algae species can even grow in waters that contain a large amount of salt, which means that algae-based fuel production need not place a large burden on freshwater supplies.
Several companies and government agencies are funding efforts to reduce capital and operating costs and make algae fuel production commercially viable. Companies such as Sapphire Energy and Bio Solar Cellsare using genetic engineering to make algae fuel production more efficient. According to Klein Lankhorst of Bio Solar Cells, genetic engineering could vastly improve algae fuel efficiency as algae can be modified to only build short carbon chains instead of long chains of carbohydrates.
Sapphire Energy also uses chemically induced mutations to produce algae suitable for use as a crop. Some commercial interests into large-scale algal-cultivation systems are looking to tie in to existing infrastructures, such as cement factories, coal power plants, or sewage treatment facilities. This approach changes wastes into resources to provide the raw materials, CO2 and nutrients, for the system.
Anaerobic digestion has proven to be a beneficial technology in various spheres for rural development. Biogas produced is a green replacement of unprocessed fuels (like fuel wood, dung cakes, crop residues). It is a cost effective replacement for dung cakes and conventional domestic fuels like LPG or kerosene. Biogas technology has the potential to meet the energy requirements in rural areas, and also counter the effects of reckless burning of biomass resources.
Biogas has the potential to rejuvenate India’s agricultural sector
An additional benefit is that the quantity of digested slurry is the same as that of the feedstock fed in a biogas plant. This slurry can be dried and sold as high quality compost. The nitrogen-rich compost indirectly reduces the costs associated with use of fertilizers. It enriches the soil, improves its porosity, buffering capacity and ion exchange capacity and prevents nutrient depletion thus improving the crop quality. This means increased income for the farmer.
Further, being relatively-clean cooking fuel, biogas reduces the health risks associated with conventional chulhas. Thinking regionally, decreased residue burning brings down the seasonal high pollutant levels in air, ensuring a better environmental quality. Anaerobic digestion thus proves to be more efficient in utilization of crop residues. The social benefits associated with biomethanation, along with its capacity to generate income for the rural households make it a viable alternative for conventional methods.
The Way Forward
The federal and stage governments needs to be more proactive in providing easy access to these technologies to the poor farmers. The policies and support of the government are decisive in persuading the farmers to adopt such technologies and to make a transition from wasteful traditional approaches to efficient resource utilization. The farmers are largely unaware of the possible ways in which farm and cattle wastes could be efficiently utilised. The government agencies and NGOs are major stakeholders in creating awareness in this respect.
Moreover, many farmers find it difficult to bear the construction and operational costs of setting up the digester. This again requires the government to introduce incentives (like soft loans) and subsidies to enhance the approachability of the technology and thus increase its market diffusion.
For people in the colder parts of the world, temperatures can become an issue. Sometimes, you might need to keep your liquids, water or fuel at the normal room temperature. The main use of drum heaters is that they work as storages that keep their content at a certain temperature.
Barrel heaters are especially needed if their content loses its nature and benefits due to a drop or a rise in the temperature. Barrel heater is a cheap solution for maintaining high energy without paying for its cost, in addition you are reducing the pollution since the energy is being recycled within the system. So, what do you need to consider when you are using drum heaters? That is what we are going to tackle.
1. Harsh weather
Harsh environmental conditions, especially the low temperature of the cold months, might push the need to use a heater for your drums to avoid causing them any damages to keep them in ultimate condition.
Buying good drum heater jackets will keep you away from breaking the bank just to save your desired content. They don’t only keep your drums at the required temperature, they also save and lower the viscosity of the fluids so you wouldn’t need to replace them as often and more importantly, they protect them from freezing in harsh cold environment conditions.
2. Energy saving
Electrical insulated heating jackets offer more protection from cold or freezing due to the extra layer of insulation they have. With heat loss kept at minimum, the heating jackets offer more energy saving options which make their power consumption drop automatically, this also translates to cost of operation drop. What’s even more positive about these jackets is that they are normally designed to cover the whole containers, thus you are more likely to be saved from any energy loss.
Using some types of barrel heaters that do not cover the whole drum might waste energy as they naturally get hot. Due to thermodynamics basics, the heat will start dissipating from the higher-temperature surface to the cold atmosphere. That is why when using the right type of heater for your needs, make sure that it will cover the whole container you have so you don’t waste any energy.
3. Saving space = saving energy
An extra step to save money and time is to place your drums in a closed space. Open spaces make it harder to maintain your drums at desired temperatures. Putting your drums and barrels in an enclosed space will ensure that no energy is wasted to the atmosphere and manage heat escape.
Choose the one that works best for you
When you are first buying the heater, it is always a good step to buy one that is flexible. Drum heaters are really simple on the design side, however, using one that does not fit may create more of a problem than it solves. Buying a good drum heater that is adjustable or can fit any type of container you have, is always a smart idea to save you from the headache and wasting your money.
The use of data as a research tool is widespread in academia and industry. In many ways, we are already reliant on data. To name just a few examples: the majority of traffic lights now use data to control their green lights, the internet uses data to route our packets, and the UK National Health Service uses data to monitor the progress of patients and doctors alike. Data is a powerful tool, but it comes at a cost. Many of our data-driven services require a large infrastructure, which requires a lot of electricity – so why not use clean energy?
There are a number of ways that researchers are improving our understanding of the green technologies available, how these can be used, and ultimately how to reduce the carbon emissions generated through the energy production process. Researchers at University College London recently published a study which analyzed the electricity demand profiles from 10,000 households across Europe. The researchers were able to develop algorithms to estimate the amount of power consumed in each house. The findings are particularly useful as a baseline reference point for comparing different energy options, and also to provide an accurate indicator of the amount of energy that could potentially be saved through the adoption of new energy technologies.
The development of renewable energy is a crucial part of efforts to tackle climate change, and the data available to researchers such as those at UCL, can be used to provide evidence to policy makers and the public alike. For example, a recent report produced by the Department of Energy and Climate Change (DECC) concluded that there was a significant potential to increase the penetration of solar PV, and hence reduce the amount of CO2 emitted. However, DECC found that the available data was inadequate to quantify this potential. As a result, the authors were unable to accurately predict the size of the market, or to identify the barriers to increasing uptake.
This problem is being addressed through collaboration between industry and academics. A number of organizations, including the British Solar Trade Association, the Institution of Engineering and Technology, and the Renewable Energy Association, are working together to produce a common dataset on solar photovoltaic (PV) systems, to help researchers better understand the market potential of the technology.
For other researchers, the data is not always available. While it is possible to use household surveys to capture information on household consumption patterns, this method has several limitations. Firstly, it can be difficult to capture the nuances of the behavior associated with different technologies, such as Delphix.
For example, if you ask a household whether they would consider installing a solar PV system, you will get a ‘yes’ or ‘no’ answer, but you won’t get the details of why they choose one over another. If you instead asked people directly why they selected a particular technology, you would get a more accurate reflection of the actual choices being made. Secondly, even if you do gather this kind of detailed data, it does not provide the information needed to identify the full range of options that are available.
The use of data to improve our understanding of energy technologies is not limited to renewables. The ability to track how a technology performs is also vital for the deployment of nuclear reactors. This means that researchers have been using sensors in order to measure the performance of nuclear reactors, and thereby better understand their operation. A recent publication by researchers at the National Nuclear Laboratory and the Institute for Energy Technology provided a detailed analysis of the performance of a reactor at the Dounreay site in Scotland.
By measuring how the temperature and pressure inside the reactor changed as a function of time, it was possible to model the core’s thermal and mechanical behavior. This led to the development of algorithms which can be used to estimate the reactor’s lifetime, and also provided valuable insight into the processes that occur inside the reactor and how they affect its performance.
How scientist use data in green energy
Data is the key to unlocking many of today’s problems and issues. Scientists use this data to help create solutions and ways of tackling these. It’s why they need to gather data, so they can find out how to produce the most sustainable and efficient way of producing electricity.
Many scientists today use advanced equipment to look at data. They are analyzing how the earth’s climate is changing and what it will mean in the future. They have created ways of calculating how much carbon dioxide will remain in the atmosphere. This allows them to forecast what will happen and make decisions based on this.
There are many factors that affect the world. Some scientists are looking at renewable energies, such as solar and wind power. These have many advantages, such as creating jobs and making countries energy independent. They can be cheaper than oil, and can provide the majority of the worlds’ energy needs in many cases.
There are many types of renewable energy but the best known is wind power. Wind turbines have been around for a long time. They were used in places like Ireland, Denmark and Norway. The technology has moved on a lot since then. Today wind turbines can provide 10% of the worlds’ electricity needs. The industry is worth billions of pounds to many countries.
Solar power is another type of renewable energy. Solar panels collect energy from the sun and use it to create electricity. This type of renewable energy is growing quickly and it’s already contributing to some countries energy supply.
Scientists are looking into the use of hydrogen and the potential to create renewable energy. A form of hydrogen called water fuel cells are used in cars and are one of the biggest areas of interest. The process of putting hydrogen in a car works the same as that of a traditional fuel cell, but it’s cleaner, greener and easier. Hydrogen can be produced from biomass (plants/organic matter) and water.
In summary, we are already dependent on data for a huge number of things, but this dependence will only increase. If we want to reduce the environmental impact of our energy use, then understanding the environmental performance of the technologies we adopt is a critical component of achieving this goal. Using data science in renewable energy, we can quantify the amount of energy being generated by an individual green energy technology.
Out of all the measures that are necessary in addressing India’s impending waste management crisis, the most efficient will be changes at the national policy and planning level. It is well-known among the small but growing waste management sector that urban India will hit rock bottom due to improper waste management.
Unfortunately, they think such a crisis is required to bring about policy changes, as they generally tend to happen only after the damage has been done. This attitude is unfortunate because it indicates a lack of or failed effort from the sector to change policy, and also the level of India’s planning and preparedness.
An average of 32,000 people will be added to urban India every day, continuously, until 2021. This number is a warning, considering how India’s waste management infrastructure went berserk trying to deal with just 25,000 new urban Indians during the last decade. The scale of urbanization in India and around the world is unprecedented with planetary consequences to Earth’s limited material and energy resources, and its natural balance.
Rate of increase in access to sanitation infrastructure generally lags behind the rate of urbanization by 33% around the world; however, the lack of planning and impromptu piecemeal responses to waste management issues observed in India might indicate a much wider gap. This means urban Indians will have to wait longer than an average urban citizen of our world for access to proper waste management infrastructure.
The clear trend in the outbreak of epidemic and public protests around India is that they are happening in the biggest cities in their respective regions. Kolkata, Bengaluru, Thiruvananthapuram, and Srinagar are capitals of their respective states, and Coimbatore is the second largest city in Tamil Nadu. However, long term national level plans to improve waste management in India do not exist and guidance offered to urban local bodies is meager.
Apart from the Jawaharlal Nehru National Urban Renewal Mission (JnNURM), there has been no national level effort required to address the problem. Even though JnNURM was phenomenal in stimulating the industry and local governments, it was not enough to address the scale and extent of the problem. This is because of JnNURM is not a long term waste management financing program, sorts of which are required to tackle issues like solid waste management.
Are Cities Hands-tied or is Change Possible?
In the short term, municipal corporations have their hands tied and will not be able to deliver solutions immediately. They face the task of realizing waste management facilities inside or near cities while none of their citizens want them near their residences. Officials of Hyderabad’s municipal corporation have been conducting interviews with locals for about eight years now for a new landfill site, to no avail.
In spite of the mounting pressure, most corporations will not be able to close the dumpsites that they are currently using. This might not be the good news for which local residents could be waiting, but, it is important that bureaucrats, municipal officials and politicians be clear about it. Residents near Vellalore dump protested and blocked roads leading to the site because Coimbatore municipal officials repeatedly failed to fulfill their promises after every landfill fire incident.
Due to lack of existing alternatives, other than diverting waste fractionally by increasing informal recycling sector’s role, closing existing landfills would mean finding new sites. Finding new landfills in and around cities is nearly impossible because of the track record of dumpsite operations and maintenance in India and the Not in My Backyard (NIMBY) phenomenon.
However, the corporations can and should take measures to reduce landfill fires and open burning, and control pollution due to leachate and odor and vector nuisance. This will provide much needed relief to adjacent communities and give the corporations time to plan better. While navigating through an issue as sensitive this, it is of the utmost importance that they work closely with the community by increasing clarity and transparency.
Despite their inability to properly manage wastes, the majority of municipal officials consider waste as “wealth” when approached by private partners. Therefore, a significant portion of officials expect royalty from private investments without sharing business risk.
There are several reasons why homeowners want to switch electric suppliers. Some might feel like they’re paying more for their electricity, and they want to find something that will cost them less. Others might be moving to a new home or looking for renewable energy alternatives and more reliable service.
Whatever the reason may be, homeowners are now more able to explore and acquire the energy plan that suits their needs and resources. They can change their electricity providers anytime they want. But with numerous options in the market, it can be easy to feel lost and make a snap decision.
Before you get thrilled about cheaper energy tariffs and better customer service, here are essential points to consider before switching electric suppliers. It may save you a load of potential hassle and stress, especially if it’s your first time to do so.
1. Determine Your Needs and Preference
The first thing that you should think about when changing your electric supplier is your needs and preference. This way, you’d be able to point out specific reasons why your current provider is not right for you anymore.
You can ask yourself a few questions to sort what you need and prefer so you can come up with a more informed decision. Does your bill vary from month to month, or are you searching for a plan that your budget can comfortably afford more? Do you want to reduce your carbon footprint, or are you looking for better customer support?
Once you’ve identified the things you need and want that you didn’t get from your current supplier, it would be easier for you to choose a much better one. Take your time to ponder about them before you rush into the market.
2. Check Your Current Electric Bills
It’s also significant to look at your current electric bills, especially if your concern is a high and fluctuating statement every month. Before you review other supplier’s prices, it would be helpful to examine a recent electric bill from your current supplier. Evaluate how much you’ve been paying for your electricity.
By checking the costs that constitute your monthly electric bill, you’d be able to know whether the problem is on the consumption or with the rate. It would also prepare you to choose a new electric supplier that will surely meet your needs.
3. Research Your Options
Of course, doing some research before changing suppliers is essential. You can start an electric consumption comparison on Eligo Energy. When you do so, it will help best in finding better electric rates. When researching your options, you can break down the factors you want to look for in your new electric supplier.
Here are a few things you may not want to miss out on:
a. Price and Plan
Rates may vary in every supplier, and they are often linked to the unpredictable energy market. You must consider what kind of supply rate would work best for your home’s monthly budget before shopping for any electricity plans.
Opting for a fixed-rate plan might be a good idea if your concern is about fluctuations. But if you use most of your energy at night, you can look for a company that offers time-of-use plans. Note that each project comes with a cost, so it mostly depends on how much you’re willing to pay.
b. Products and Services
Suppliers provide many different types of products and services. It’s a must to check out what each company offers to assess better which one would best serve your needs.
Some companies use renewable energy resources, while others do not. If it’s something important to you, you can cross out from your options to those who don’t offer it.
Many suppliers are using marketing tactics to capture your attention. Don’t get tempted by cheap rates that have hidden fees in the end. Be sure to switch to a company that has an established reputation. Check on their background before you sign up by looking at the reviews of previous customers.
4. Compare Offers
When looking for the best deal, you would have to compare offers from different providers. If you want to find out how much you could save, compare their electricity rates. However, consider all the other factors as well. Bear in mind that the lowest price isn’t always the best deal.
5. Review Your Current Contract
It is a must to review your contract with your current supplier. Take a look at the terms if there are charges if you leave your contract early. Make sure to ponder whether it would be worthwhile to change your electricity provider right away if there are any exit fees. You won’t have to worry about it, though, if you have an open contract.
It’s so tempting to dive into any electric supplier with cheaper rates and better offers than your current one. But doing so may cause you tons of money and regrets in the end. You would not want to experience the same frustration again. Therefore, take the time to research and weigh all your options before you sign up for anything.
Waste management is an inelegant subject to discuss, but a crucial one when thinking about national infrastructure. With a growing population, and a finite volume of resources, cities across the US begin to buckle.
Waste collection and disposal is a small but essential part of a larger societal puzzle, and a vital discussion when sustainability measures are more important than ever before. But change is afoot, as the following emergent trends in recycling and waste management effectively illustrate.
Zero Waste Programs
Zero waste programs are the bread and butter of contemporary waste management solutions, being agitated for by sustainability activists and local communities and receiving widespread corporate support. Big businesses are increasingly on-board to re-evaluate their business’ waste practices – and to seek ways to bring excess waste down to zero.
More importantly, US cities are getting on board, with municipal waste programs that promote recycling and re-use techniques to citizens and businesses alike.
1. Tech-Enabled Waste Receptacles
There are many ways in which technological is having a positive impact on waste management, but some smaller developments are set to have a significant effect on urban waste collections and cleanliness. One specific scheme has seen compactors installed in larger city waste containers, allowing a much larger amount of waste to be stored.
Sensors are used in tandem with new compactor technology to alert waste removal services when an area is ready for collection. This cuts down on fuel costs and logistical issues, through cutting down the number of waste trucks and visits needs to clear an area.
AI-based waste management systems can help in route optimization and waste disposal
2. Domestic 3D Printing
Developments beyond the world of waste management could provide their own unique solutions to domestic waste management, as evidenced by the possibilities created by the 3D printer. 3D printers have become a commercial success at rapid speed, enabling consumers to ‘print’ their own designs and products out of a plastic compound. With the help of firewire cables and basic CAD software, product design has been effectively democratized.
But more innovation is on the way, as the prospect of directly recycling plastics into new products becomes a reality. Waste plastics could be ground up in the home and used to feed 3D printers, in order to create new items and effectively eliminate plastic landfill waste from that household.
Energy harvesting from organic sources is nothing new; water treatment facilities frequently harvest methane from solid waste extracted from sewage supply, for re-sale to the energy industry. But the methods used to harvest energy from organic processes are only getting more efficient.
The result is a concerted effort to create renewable energy from organic waste sites, through the creation of bioenergy-producing waste disposal locations that receive biodegradable waste to transform into energy.
But, even with real leaps forward in sustainable waste measures and new technological implementations, there are new challenges on the horizon when it comes to waste management. The key challenge relates to the safe disposal of ‘e-waste’, a.k.a. disposed items of electronics – of which there is a steady-growing volume.
Electronic waste items contain dangerous materials, from toxic rare-earth minerals to corrosive substances that toxify the local environment. Recycling efforts are ongoing, but there is no easy way out for recycling circuitry. This illustrates the ongoing need for urgency in the fight against unsustainable waste.
A decentralized exchange is the best way to buy and sell non-fungible coins. Online marketplaces are decentralized exchanges that let you trade cryptocurrencies without the aid of a middleman. It follows that you can do direct business with other users and that supply and demand decide the prices. Learn how to buy and sell NFTs at the nft-investor.app.
Decentralized exchanges come in a wide variety, making it difficult to choose one. We’ve compiled a list of the top five decentralized exchanges for trading non-fungible tokens to assist you in selecting the platform that best suits your needs.
1. Binance DEX
A decentralized exchange called Binance DEX is based on the Binance Chain blockchain. It enables quick, safe, and decentralized cryptocurrency trading. For individuals looking for a straightforward and user-friendly platform to trade non-fungible tokens, Binance DEX is ideal.
2. Kyber Network
Numerous digital assets, including non-fungible tokens, are supported. For those seeking a platform with a wide range of resources and features, Kyber Network is a fantastic option.
A decentralized exchange called AirSwap enables peer-to-peer cryptocurrency trading. It offers a safe means to trade non-fungible tokens and is easy to use. For individuals seeking a secure and user-friendly trading platform, AirSwap is a fantastic choice.
IDEX is a decentralized marketplace where Ethereum-based assets can be bought and sold. Numerous digital assets, including non-fungible tokens, are supported. If you’re looking for a platform with lots of resources and functionality, IDEX is a fantastic option.
Ethereum-based assets can be traded on the decentralized exchange DDEX. It offers a safe means to trade non-fungible tokens and is easy to use. For individuals searching for a secure and user-friendly trading platform, DDEX is a fantastic choice.
The trading of non-fungible tokens is possible on a wide range of decentralized exchanges, of which these are only a handful. Therefore, don’t forget to consider your requirements and preferences while selecting a trading platform. To select the ideal platform for your trading needs, keep up with recent news and advancements about decentralized exchanges.
How may NFT help to decrease fraud in online advertising?
The prevalence of digital advertising has made fraud a significant issue. False clicks and impressions defraud advertisers of money regularly. By offering a means of confirming the validity of an ad impression, NFTs could aid in the reduction of this fraud.
Advertisers may be sure that they are only paying for legitimate engagements with their advertising using NFTs. However, everyone engaged would gain from the more open and reliable advertising ecosystem that would result from this.
NFTs may also help reduce click fraud, which occurs when a person clicks on an advertisement even though they are not interested in the good or service being promoted. For online advertisers, click fraud is a big issue because it may cost them a lot of money.
Advertisers may monitor when and where their ads are clicked by employing NFTs, and they can be confident that they are only paying for the right clicks.
NFTs may significantly affect the digital advertising sector, to sum up. NFTs could improve the transparency, efficacy, and efficiency of digital advertising by lowering fraud and click fraud. Advertisers, publishers, and customers would all gain from this.
There are many advantages of NFT trading; some of them are :
1. NFTs may speed up transactions
Transactions with traditional cash may take many days or even weeks to process. The processing of transactions would be almost instantaneous with NFTs, making buying and selling digital assets considerably simpler.
2. New social media platforms might be developed using NFTs
NFTs could be utilized to develop brand-new social media platforms that reward users for curating or providing the content. A social networking site, for instance, may employ NFTs to pay members for making well-liked blog entries or videos.
3. NFTs might be used to develop novel advertising formats
New types of advertising that are more effective and efficient than conventional techniques could be developed using NFTs. NFTs, for instance, might be used by a marketer to target adverts at particular individuals depending on their interests.
4. NFTs might lower taxes
Governments can tax transactions when using traditional money. However, governments would find it much more difficult to tax transactions with NFTs, making it more straightforward for companies and individuals to transfer digital assets.
NFTs are still in their infancy but have a lot of potentials. However, purchasing and selling NFTs at the moment is primarily speculative. Therefore, if you’re considering investing in NFTs, research beforehand and only put up money you can afford to lose.
If you are buzzed off with all the hype going around in the name of Bitcoin, which does not ring a bell to you, well, it’s high time to update the knowledge-scape about Bitcoin, the big buzz of the era, and cryptocurrencies, the next-gen currency system. Bitcoin is nothing but a set of programming codes designed by a developer under the pseudonym of Satoshi Nakamoto in 2009. Bitcoin is a digital currency with no physical existence, and any government or central authority does not govern it. Every new official trading platform is mined by solving extremely difficult programming puzzle works, which is done through advanced computers.
Bitcoin and Blockchain Technology
Blockchain technology is designed based on a chain of data blocks that are immutable. This ledger holds a comprehensive database of each transaction in Bitcoin, which has been made since its introduction in the cryptocurrency world.
The inherent characteristic feature is that this ledger is decentralized and immutable. Since it is a peer-to-peer network and is a public ledger, there are different modes of operation from which participating members of the Bitcoin community record every transaction, mining and feeding it to blocks.
However, even though it’s publicly accessible, once data is recorded, it cannot be changed or tampered with. Every participant at every node across the network is vital in validating every transaction, such as fund transfers, trades, mining, etc. However, no transaction can disappear, despite which many hackers have successfully anonymously stolen digital currencies. Therefore, crypto exchanges are nowadays more stringent with their security policies and measures.
Fast Processing of Bitcoin
Traditional transfers of funds operated through central authorities like banks need to go through a lengthy verification process. Therefore, they take time. However, Bitcoin, in comparison, is much faster. Since every crypto transaction in a blockchain is immutable and cuts off the need for a middleman to process it, the entire process of transactions and transfer of funds is easier, faster, and more convenient.
It is quite an obvious fact that it is difficult to accept when you are not accustomed to or known to a service or system. After the launch of the first cryptocurrency, that is Bitcoin, and it took a bit of time to kick start, to get the market ready to accept this new digital currency. Over mere 13 years, Bitcoin has made huge achievements with e-commerce and even physical stores, restaurants, and salons, accepting cryptocurrencies against their services.
There are a lot of big brands which has changed the game for Bitcoins by accepting Bitcoin as payment for their services as well as by investing in Bitcoins. Microsoft, Overstock, Amazon, and PayPal are worth mentioning who played a vital role in lifting the market value cap for Bitcoins with their vital business decision of investing and accepting Bitcoins.
It is not false that there have been setbacks for Bitcoin too. For example, at the beginning of 2021, Tesla, the automobile manufacturing brand, announced to accept Bitcoins for their new range of Tesla cars. However, soon around mid of a year, Elon Musk, the owner of Tesla, declined his plans to accept and invest in Bitcoins, which led to a great price drop of Bitcoins in August 2021. Another instance is the governmental ban imposed by China on cryptocurrency investments and transactions throughout the country which also impacted the growth rate of Bitcoins.
However, potential good media reports were also highlighted in the recent past, like the Ukrainian government spending $15 million of donated cryptocurrency on different needs and supplies for the military. Besides, small-scale and mid-scale businesses are prominently taking a progressive step in accepting cryptocurrencies for services.
Approximately 40% of military equipment suppliers, food packages, food chains, protective gear, and other military equipment accept cryptocurrency throughout Europe and the US. Cryptocurrency platforms are also exhibiting potential growth of investors in crypto trading. According to a recent survey report, the global share and size of the digital currency market are projecting a growth trajectory of $1.44 billion in 2020 to an estimated rise of $2.73 billion in 2025.
Wrapping it up !!!
Here we have highlighted all the key developments in the crypto world. You should always refer to all such developments when planning investment in the crypto market.
Bitcoins are the new digital currency that everyone is talking about: https://bitcoin-up.live/ . It is one of the first digital currencies to be created and got the word going for other cryptocurrencies. There is the pioneer of digital currencies. Bitcoins were launched in a white paper authored by Satoshi Nakamoto.
The idea behind building this type of currency is to keep any kind of the third party or the government from interfering with the transactions. This was built to encourage more peer-to-peer transactions. Therefore, we see the great popularity of bitcoins.
More and more people are becoming aware of digital currency and have become interested in investing and trading in bitcoins. Bitcoins not only offer great profit returns in the long run they also have stood the pandemic test. While all other conventional investors were scrambling to make some profit bitcoin investors had it easy and were able to gain profits even during the pandemic.
Due to the increasing demand of cryptocurrencies, many people are showing interest to invest in them. However, a big question that remains in people’s minds is how are they supposed to convert bitcoin to cash. As we know bitcoins are digital currency that is, they do not have any physical existence.
Also, not every major country has chosen to accept Bitcoins as its preferred payment method. Hence, to combat this problem and make the most out of your investments you have to convert your digital currency into cash. This way, you can expect to make the most out of your investment and gain financial profits. Here are some guidelines on how you can convert bitcoins to cash.
Convert Your Bitcoins To Cash: Easy Steps To Follow
1. Peer to Peer transactions
As was intended for bitcoins, peer-to-peer transactions are one of the common ways through which you can convert your bitcoins to cash. This is a simple process where one person is approached by another person for exchanging bitcoins for cash.
Let us consider an example, P wanted to sell his bitcoins and S wanted to buy the bitcoins. After negotiating and agreeing on a price they went ahead with the deal. When we talk about Bitcoins, they function on peer-to-peer technology where no 3rd party gets involved.
2. Through exchange platforms
The most common method by which most people deal with bitcoins is through exchange platforms. Ever since there was a rise in the popularity of bitcoins, we see many cryptocurrency exchange platforms starting up to facilitate the circulation of bitcoins. These are fairly easy to use and grant users a sense of security for their money and cryptocurrencies. One such great platform they allow you make to safe and secure transactions.
First, all you have to do is create a profile and will also have access to a digital wallet to store your bitcoins. The platform allows users to even use their existing bitcoins for trading purposes. Once you have made your profile and entered your bank details you can easily exchange bitcoins for cash. Given the smooth process, this has been one of the trusted choices by many users across the world.
Important Things To Keep In Mind When Converting Bitcoins To Cash
While prima facie seems pretty easy to convert bitcoins to cash, however, there are a few factors that you have to consider to ensure that you do not incur a loss in the conversion.
When engaging in exchange platforms conversion methods you have to keep in mind any kind of fees that may be incurred. Given that this involves a third party there are some fees incurred during the exchange process.
When you are considering the conversion of bitcoins to cash you also have to look at the speed of the transactions. While using an exchange platform may guarantee you speed using peer-to-peer transactions may take longer.
So, these were some helpful methods you needed to know in order convert bitcoins to cash seamlessly. Some other methods would also include choosing a bitcoin ATM where similar to a bank ATM card you have loaded your card with bitcoins and can exchange them for cash at an ATM.
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