Qommodity is about monetization of natural resources, adaptation of disruptive technologies supported by a cutting-edge interoperable blockchain eco system and hybrid solutions between crypto and the traditional monetary infrastructures.

BUCHAREST, Romania, May 26, 2022 (GLOBE NEWSWIRE) — Bitcoin Bucharest 2022 takes place on May 30 and 31 at The Marmorosch Bucharest, Autograph Collection Hotel, being the first event of its kind in the Romanian capital that aims to bring together cryptocurrency, blockchain, web 3.0, metaverse and NFT enthusiasts. With a revolutionary approach to virtual currency, natural resources and blockchain technology, the Qommodity brand takes part in the event, where it will talk about the advantages of QAA and the solution it offers at the border between the crypto world and the traditional financial system.

Environmental issues are at the forefront of the news cycle. First blush logic might dictate that the management and recovery of virtual money within the virtual space would take little, if any, energy. Blinkety–bop; the digital transfers and engagements happen in the blink of an eye…right?

Hang on. Not so fast.

Believe it or not, cryptocurrency is quickly raising alarm bells for environmentalists.
The main area of concern is the use of fossil fuels to provide large scale energy for crypto mining. This use is exacerbated by the blockchain: long, clunky blocks of code that take hours to download, authenticate, and upload again…. and so on.

Most cryptocurrencies are stored via wallet, exchange, or use obscene amounts of storage on your personal devices. CloudCoin offers a light, simple authentication code that can be stored in photos, USB drives, or the coin itself. With CloudCoin, authentication codes are not only more secure–but completely anonymous. 

What is a crypto wallet? 

When you access your physical wallet, at some point you, yourself, are putting cash in. You are able to physically view that cash, monitor and safeguard its security, and spend it as you will at any time. The idea behind a crypto wallet is to work much the same way. It is a software-based platform ostensibly designed to make your cryptocurrency more accessible to you. The goal is to give you the ability to store your crypto electronically and send and/or receive your crypto in much the same way as a physical wallet. What you put in, you should be able to just as easily take out. Or at least…that’s the idea.