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”
The term “pseudo-” means exquisitely similar, but the core differs. This small difference in the core has enormous consequences. When you see a pseudo-doctor, you lose your health or life. When you meet pseudo-religious leaders, you waste your life and ruin your future—this small difference in core changes in fate. So, when consulting, I emphasize the “essence of business” and “identity”. Entrepreneurs don't know the tragedy that occurred by ignoring the small core in peace due to similar reasons. - Joseph’s “just my thoughts”