{"id":1916,"date":"2020-10-16T16:11:03","date_gmt":"2020-10-16T03:11:03","guid":{"rendered":"https:\/\/cryptocurrency.org.nz\/?page_id=1916"},"modified":"2024-01-21T10:19:45","modified_gmt":"2024-01-20T21:19:45","slug":"what-is-cryptocurrency","status":"publish","type":"page","link":"https:\/\/cryptocurrency.org.nz\/what-is-cryptocurrency\/","title":{"rendered":"What is Cryptocurrency?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1916\" class=\"elementor elementor-1916\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-b2d5ce7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b2d5ce7\" data-element_type=\"section\" data-settings=\"{&quot;shape_divider_top&quot;:&quot;pyramids&quot;,&quot;shape_divider_bottom&quot;:&quot;pyramids&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M761.9,44.1L643.1,27.2L333.8,98L0,3.8V0l1000,0v3.9\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M761.9,44.1L643.1,27.2L333.8,98L0,3.8V0l1000,0v3.9\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6f12a3\" data-id=\"a6f12a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db4be99 elementor-widget elementor-widget-spacer\" data-id=\"db4be99\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-1f6deec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1f6deec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-49735f1\" data-id=\"49735f1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b97a87 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"6b97a87\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;tada&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"882\" height=\"1024\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-882x1024.png\" class=\"attachment-large size-large wp-image-14545\" alt=\"Cryptocurrency NZ Logo\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-882x1024.png 882w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-258x300.png 258w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-768x892.png 768w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-1323x1536.png 1323w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo-1764x2048.png 1764w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Cryptocurrency-NZ-Logo.png 2035w\" sizes=\"(max-width: 882px) 100vw, 882px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f20759a elementor-widget elementor-widget-heading\" data-id=\"f20759a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">What is Cryptocurrency?<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd35908 elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"dd35908\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-6799ff5 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-calendar-alt\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>October 16, 2020<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-78f36c9 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-calendar-alt\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\tLast updated: May 24, 2023\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9b5857 elementor-widget elementor-widget-text-editor\" data-id=\"e9b5857\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>&#8220;Born too late to explore the seas, born too early to explore the stars, born just in time to witness the rise of the cryptocurrency revolution&#8221;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6c55f3 elementor-widget elementor-widget-spacer\" data-id=\"b6c55f3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-828286e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"828286e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5641190\" data-id=\"5641190\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12185d5 elementor-hidden-mobile elementor-widget elementor-widget-template\" data-id=\"12185d5\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"9271\" class=\"elementor elementor-9271\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-2254b5b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2254b5b7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-10498b1d\" data-id=\"10498b1d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-2b4afe76\" data-id=\"2b4afe76\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5278b626 elementor-hidden-phone elementor-widget elementor-widget-author-box\" data-id=\"5278b626\" data-element_type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<div  class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Doge-King-300x169.jpg\" alt=\"Picture of Caelen\" loading=\"lazy\">\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<div >\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tCaelen\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-5aff850f\" data-id=\"5aff850f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9beea49 elementor-author-box--layout-image-left elementor-author-box--align-left elementor-author-box--image-valign-top elementor-hidden-phone elementor-author-box--avatar-yes elementor-author-box--name-yes elementor-author-box--link-no elementor-widget elementor-widget-author-box\" data-id=\"9beea49\" data-element_type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<div  class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/e720a5f311318e64f54cf38c6dfcffb1?s=300&#038;d=mm&#038;r=g\" alt=\"Picture of Harry Satoshi\" loading=\"lazy\">\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<div >\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tHarry Satoshi\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-5e3e107\" data-id=\"5e3e107\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1901397 elementor-widget elementor-widget-image\" data-id=\"1901397\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"489\" height=\"103\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin-Logo-and-Icon.png\" class=\"attachment-large size-large wp-image-1918\" alt=\"Bitcoin BTC Logo and Icon\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin-Logo-and-Icon.png 489w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin-Logo-and-Icon-300x63.png 300w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21716de elementor-widget elementor-widget-heading\" data-id=\"21716de\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bitcoin and The Birth of Cryptocurrency<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83f38cd elementor-widget elementor-widget-text-editor\" data-id=\"83f38cd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px; font-weight: 600;\" data-token-index=\"0\" data-reactroot=\"\">Bitcoin\u00a0<\/span><span style=\"background-color: var(--nv-site-bg);\"><span style=\"letter-spacing: 0px;\">(BTC) is an open-source, decentralized, peer-to-peer digital currency and payment system introduced in 2008 by a <\/span><span style=\"letter-spacing: 0px;\">developer going by the alias\u00a0<\/span><\/span><a href=\"https:\/\/cointelegraph.com\/learn\/who-is-satoshi-nakamoto-the-creator-of-bitcoin\" target=\"_blank\" rel=\"noopener\">Satoshi Nakamoto<\/a><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">\u00a0when they published their revolutionary paper:\u00a0<\/span><span style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\">&#8220;<\/span><a href=\"https:\/\/bitcoin.org\/bitcoin.pdf\" target=\"_blank\" rel=\"noopener\">Bitcoin: A Peer-to-Peer Electronic Cash System<\/a><span style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\">&#8220;.<\/span><\/p><p><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">\u00a0<\/span><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">Launched in the wake of the global financial crisis, it shall forever hold the title as <i>the very first cryptocurrency<\/i>.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae6d8b2 elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"ae6d8b2\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tCryptocurrencies are digital assets which use cryptography and decentralised technology to secure transactions and control the creation of additional units of currency, making them nearly impossible to counterfeit, double-spend or censor.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cadffd elementor-widget elementor-widget-text-editor\" data-id=\"2cadffd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The day Bitcoin went live on the 3rd January 2009, a\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=leqjwiQidlk&amp;ab_channel=ACSquared\" target=\"_blank\" rel=\"noopener\">monumental milestone<\/a>\u00a0was quietly achieved.<\/p><p>The successful creation of a borderless universal internet currency that can be used by anyone, anywhere to securely store and transfer wealth over the internet without the need for a bank, government, or central authority to approve and validate transactions.<\/p><p>In the years since, Bitcoin has become one of the world&#8217;s largest currencies, has served over 420 million users and counting, and has become a popular investment vehicle for Kiwis. However, it is important to understand that despite much of the userbase being made up of speculative investors, Bitcoin is being used all around the world for to enhance individual autonomy, sovereignty and freedom.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-d66030f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d66030f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bd7e146\" data-id=\"bd7e146\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b86774d elementor-widget elementor-widget-image\" data-id=\"b86774d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"661\" height=\"536\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2021\/11\/Day-Trading-Bitcoin-Ethereum-Cryptocurrency-NZ.png\" class=\"attachment-large size-large wp-image-8813\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2021\/11\/Day-Trading-Bitcoin-Ethereum-Cryptocurrency-NZ.png 661w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2021\/11\/Day-Trading-Bitcoin-Ethereum-Cryptocurrency-NZ-300x243.png 300w\" sizes=\"(max-width: 661px) 100vw, 661px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-414926d elementor-widget elementor-widget-heading\" data-id=\"414926d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">More than a New Class of Investment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83366f8 elementor-widget elementor-widget-text-editor\" data-id=\"83366f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It\u2019s no secret that\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/get-started\/what-is-bitcoin-nz\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>\u00a0has skyrocketed in price over it\u2019s short history, seeing 1500% gains over the past 5 years alone .\u00a0<span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">This is credited to a multitude of reasons, with the most prominent being that there is a pre-set limit to how much Bitcoin (BTC) can exist.\u00a0<\/span><\/p><p>A fixed supply of units set at <a href=\"https:\/\/coin.dance\/stats\" target=\"_blank\" rel=\"noopener\">21 million BTC<\/a>, hardwired into Bitcoin\u2019s software that will likely never change.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1330dfb elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"1330dfb\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tHaving a fixed supply of currency that can ever enter circulation is key feature of almost all cryptocurrencies, and it's a distinct difference between crypto and government issued currencies like the NZD and USD. Government issued currencies (fiat currency) are printed from thin air on a regular basis, which debases and reduces the purchasing power of all pre-existing currency in circulation.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9b7c36 elementor-widget elementor-widget-text-editor\" data-id=\"a9b7c36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Like any asset with a fixed total supply, when demand goes up, so does Bitcoin&#8217;s price. And when demand drops, prices follow.\u00a0<span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">Because interest in Bitcoin and crypto has drastically fluctuated over the years, (<\/span><i style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">despite an ever growing userbase<\/i><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">), investing in Bitcoin is appealing to those with a high risk tolerance and a willingness to take a punt on the currency wars of the 21st century.\u00a0<\/span><\/p><p>Here at\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/\" target=\"_blank\" rel=\"noopener\" data-wplink-edit=\"true\">Cryptocurrency NZ<\/a>, although we believe Bitcoin is a remarkable innovation and a great long term investment, we also think price speculation is missing the point of the true value Satoshi Nakamoto and Bitcoin has sough out to achieve in the current times.\u00a0<\/p><p>However we also understand that Bitcoin&#8217;s investment appeal attracts interest, followed by exploration of the fundamental ethos.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-bedff30 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bedff30\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-beacbac\" data-id=\"beacbac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed5fecb elementor-widget elementor-widget-image\" data-id=\"ed5fecb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"948\" height=\"263\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Bitcoin-Ethereum-Litecoin-Monero-Cash.png\" class=\"attachment-large size-large wp-image-3173\" alt=\"Bitcoin Ethereum Litecoin Monero Cryptocurrency NZ\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Bitcoin-Ethereum-Litecoin-Monero-Cash.png 948w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Bitcoin-Ethereum-Litecoin-Monero-Cash-300x83.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Bitcoin-Ethereum-Litecoin-Monero-Cash-768x213.png 768w\" sizes=\"(max-width: 948px) 100vw, 948px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05f29d4 elementor-widget elementor-widget-heading\" data-id=\"05f29d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Rise Of Cryptocurrency &amp; Altcoins<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-958aa05 elementor-widget elementor-widget-text-editor\" data-id=\"958aa05\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As you are now aware, Bitcoin is not the only cryptocurrency in existence. All other currencies which are not Bitcoin are referred to as \u2018alternate currencies\u2019, hence the term \u2018altcoin\u2019. The first of these was created in 2011 (Namecoin) and since then the number of altcoins available has soared. In fact, at the time of writing there are over 20,000 different cryptocurrencies available and counting.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e54f44b elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"e54f44b\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tAlthough there are over 20,000 cryptocurrencies in existence, there's decent chance that 95% of them will not be in active development and usage in 15 years time. The majority of the cryptocurrencies in existence are clones of a handful of other coins, with a few differences in code added in. Especially coins designed to pump &amp; dump - otherwise called 'Shitcoins'.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b5911e elementor-widget elementor-widget-text-editor\" data-id=\"1b5911e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>For example, Litecoin &#8211; one of the earliest altcoins, was originally a copy of Bitcoin (BTC). Because Bitcoin is open-source, all of the code used to create it is public, so anyone with a bit of programming knowledge can easily create their own cryptocurrency.<\/p><p>This doesn&#8217;t mean all other cryptocurrencies apart from Bitcoin are mere clones with no real world utility or innovative features.\u00a0<\/p><p>There is a plethora of extremely promising coins and projects in the cryptocurrency markets, with most niching towards their own unique use cases and value propositions \u2013 with excellent examples being Bitcoin, Ethereum, Monero, Tether and XRP.<\/p><p>Unlike the locked systems of the USD or NZD, the cryptocurrency market is vast, dynamic and constantly evolving. All 20,000 of these coins are competing against each other to secure foot holds of utility and demand in various niches. Cryptocurrency NZ believes this darwinistic nature, mirroring natural selection, is ultimately a positive force for innovation and technological advancement in crypto.\u00a0\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-b355225 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b355225\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67c7a3c\" data-id=\"67c7a3c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81c6589 elementor-widget elementor-widget-image\" data-id=\"81c6589\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"638\" height=\"493\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/03\/Best-Cryptocurrency-Wallet-NZ.png\" class=\"attachment-large size-large wp-image-9606\" alt=\"Best Cryptocurrency Wallet NZ\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/03\/Best-Cryptocurrency-Wallet-NZ.png 638w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/03\/Best-Cryptocurrency-Wallet-NZ-300x232.png 300w\" sizes=\"(max-width: 638px) 100vw, 638px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7d96ec elementor-widget elementor-widget-heading\" data-id=\"b7d96ec\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Store Cryptocurrency in NZ? <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-207613c elementor-widget elementor-widget-text-editor\" data-id=\"207613c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\">Cryptocurrencies are stored in <\/span><a style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\" href=\"https:\/\/cryptocurrency.org.nz\/wallets\/\">cryptocurrency wallets<\/a><span style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\"> \u2013 secure digital accounts which you set up yourself, without having to go through a bank or government agency. This provides crypto users with an enhanced level of anonymity, autonomy and ownership over their finances, allowing them to store and transact value regardless of their nationality, socio-economic status or geo-location.<\/span><\/p><p>The concept of self banking is one of the most liberating benefits of crypto, as it puts all users on a level playing field regardless of how much they own and what country they were born into \u2013 a revolutionary solution to the approximate <a href=\"https:\/\/www.finextra.com\/blogposting\/18674\/6-strategies-for-banking-the-unbanked#:~:text=As%20of%202017%20%E2%80%94%20the%20most,population%20resides%20in%20developing%20countries.\" target=\"_blank\" rel=\"noopener\">1.6 billion individuals<\/a> on Earth who presently do not have access to a bank account, or the hundreds of millions of humans living under totalitarian regimes.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-335183c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"335183c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-114959e\" data-id=\"114959e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0431247 elementor-widget elementor-widget-image\" data-id=\"0431247\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"612\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Litecoin-Blockchain.jpg\" class=\"attachment-large size-large wp-image-14050\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Litecoin-Blockchain.jpg 612w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Litecoin-Blockchain-300x300.jpg 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Litecoin-Blockchain-150x150.jpg 150w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-861e9ac elementor-widget elementor-widget-heading\" data-id=\"861e9ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Blockchain<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4404983 elementor-widget elementor-widget-text-editor\" data-id=\"4404983\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The creator of Bitcoin, <em>Satoshi Nakamoto,<\/em> has become a legendary figure because he created Bitcoin, but also because he is credited for devising the first <strong>blockchain network <\/strong>&#8211; a revolutionary technology who&#8217;s application goes far beyond decentralized digital coins.\u00a0<\/p><p>Blockchain technology is the key technology that underpins Bitcoin and almost all cryptocurrencies \u2013 a digital record-keeping system which tracks and records all transactions and balances on the crypto networks &#8211; acting as a the digital brain and distributed ledger.\u00a0<\/p><p><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">The Bitcoin blockchain is a <\/span><strong style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">public blockchain<\/strong><span style=\"background-color: var(--nv-site-bg); letter-spacing: 0px;\">, meaning it is possible to view every transaction and wallet balance dating all the way back to the first BTC transaction ever made \u2013 which can viewed on the BTC blockchain here:<\/span><\/p><p><a href=\"https:\/\/www.blockchain.com\/btc\/tx\/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16\" target=\"_blank\" rel=\"noopener\">https:\/\/www.blockchain.com\/btc\/tx\/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16<\/a><\/p><p>Cryptocurrencies are stored in the blockchain, and your wallet represents your interface for sending and receiving payments on it.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-644646a elementor-widget elementor-widget-image\" data-id=\"644646a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"972\" height=\"482\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/02\/Cryptocurrency-and-Bitcoin-Mining-in-New-Zealand-NZ-Guide.png\" class=\"attachment-large size-large wp-image-9206\" alt=\"Mining Bitcoin Crypto NZ\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/02\/Cryptocurrency-and-Bitcoin-Mining-in-New-Zealand-NZ-Guide.png 972w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/02\/Cryptocurrency-and-Bitcoin-Mining-in-New-Zealand-NZ-Guide-300x149.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2022\/02\/Cryptocurrency-and-Bitcoin-Mining-in-New-Zealand-NZ-Guide-768x381.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5768a14 elementor-widget elementor-widget-heading\" data-id=\"5768a14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bitcoin \/ Cryptocurrency Mining<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e46205c elementor-widget elementor-widget-text-editor\" data-id=\"e46205c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If the Bitcoin blockchain stores and records all transactions and balances on the BTC network \u2013 who is in charge of making sure every Bitcoin transaction is lodged, recorded and verified in this distributed ledger?\u00a0This is the role of the <strong>Bitcoin miners<\/strong>.<\/p><p>Essentially, Bitcoin miners are individuals, companies or even governments who run specialized computer hardware to solve complex mathematical problems to process transactions, who compete with other miners to add a block of transactions to the blockchain.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e424c3a elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"e424c3a\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tIndividual miners lease out their computational power to the network and record and authenticate transactions in real time. Now picture this on a mass scale, with tens of thousands of individuals leasing out their computer\/s to run the Bitcoin network, in exchange for the reward they receive for their input. This is called mass collaboration powered by collective self interest.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd72d3d elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"dd72d3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When a block is successfully added, the miner is rewarded with newly minted Bitcoins as well as transaction fees from the transactions included in the block. This process ensures the decentralization and censorship resistance of the crypto networks.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14ea001 elementor-widget elementor-widget-image\" data-id=\"14ea001\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Censorship-resistant-icon.png\" class=\"attachment-large size-large wp-image-3408\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Censorship-resistant-icon.png 500w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Censorship-resistant-icon-300x300.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Censorship-resistant-icon-150x150.png 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d36332 elementor-widget elementor-widget-heading\" data-id=\"9d36332\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Censorship Resistance - Decentralization<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c870436 elementor-widget elementor-widget-text-editor\" data-id=\"c870436\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Because the powerhouse behind Bitcoin\u2019s blockchain is decentralized and is spread across hundreds of thousands of miners across the world, there is no central location or weak point that can be targeted in an attempt to shutdown the network. As long as the Bitcoin network has miners authenticating and validating transactions, Bitcoin users can still send, receive, store, and spend BTC.<\/p><p>This, in combination with mining nodes having a complete copy of the blockchain, means that shutting down the Bitcoin network would require an international effort spanning across every nation on earth where Bitcoin miners reside, costing billions of dollars in manpower and resources. And even then, if a single miner with a copy of the blockchain survives, so does the Bitcoin network.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8619dd6 elementor-widget elementor-widget-image\" data-id=\"8619dd6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"311\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Decentralised-vs-Centralised.jpg\" class=\"attachment-large size-large wp-image-3302\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Decentralised-vs-Centralised.jpg 560w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/11\/Decentralised-vs-Centralised-300x167.jpg 300w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d6895c elementor-widget elementor-widget-text-editor\" data-id=\"5d6895c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Source: PBRG<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d874003 elementor-widget elementor-widget-heading\" data-id=\"d874003\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Where is Cryptocurrency Legal?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8901b9c elementor-widget elementor-widget-text-editor\" data-id=\"8901b9c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Bitcoin and other cryptocurrencies are legal in almost every jurisdiction of importance including New Zealand, however there have been multiple failed attempts to ban Bitcoin by countries such as China, Russia, Vietnam, and Cambodia. Meanwhile countries like Japan, Estonia, Canada, South Korea, and New Zealand allow cryptocurrency to be legal as they form policy around this technology.<\/p><p>In June 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. Their congress legislatively approving a proposal to embrace the cryptocurrency marks a dramatic step forward for wider adoption. However, China on the other hand, a country not known for respecting basic human rights or financial freedom,\u00a0<span style=\"background-color: var(--nv-site-bg);\"><span style=\"letter-spacing: 0px;\">has <\/span>notoriously\u00a0<span style=\"letter-spacing: 0px;\">outlawed crypto for it&#8217;s 1.4 billion citizens.\u00a0<\/span><\/span><\/p><p><span style=\"letter-spacing: 0px; background-color: var(--nv-site-bg);\">In May 2022, China prohibited financial institutions from engaging in any crypto transactions, next banning all domestic crypto mining, and then finally outlawing cryptocurrencies altogether. All of which can be circumvented with a VPN and secure connection.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66c45dd elementor-widget elementor-widget-image\" data-id=\"66c45dd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"437\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-1024x437.png\" class=\"attachment-large size-large wp-image-14538\" alt=\"Is Bitcoin Legal in New Zealand Map\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-1024x437.png 1024w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-300x128.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-768x328.png 768w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-1536x655.png 1536w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/05\/Is-Bitcoin-Legal-in-New-Zealand-Map-2048x874.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58fcaae elementor-widget elementor-widget-text-editor\" data-id=\"58fcaae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Source:\u00a0<a href=\"https:\/\/www.bitrawr.com\/terminal\/legality-map\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bitrawr.com\/terminal\/legality-map<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-3ba61f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ba61f7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfaabb5\" data-id=\"cfaabb5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-729420d elementor-widget elementor-widget-image\" data-id=\"729420d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-1024x576.png\" class=\"attachment-large size-large wp-image-12754\" alt=\"What Is Ethereum\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-1024x576.png 1024w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-300x169.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-768x432.png 768w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-1536x864.png 1536w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/04\/Ethereum-logo-2048x1152.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e45e049 elementor-widget elementor-widget-heading\" data-id=\"e45e049\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is Web3 - the Future of the Internet<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2fe4d16 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2fe4d16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As we speak, many of the smartest minds in the world are laying the foundations for the next generation of internet, known as web3.<\/p>\n<ul>\n<li><b>Web 1:<\/b> also known as the &#8220;read-only web&#8221; or the &#8220;static web,&#8221; represents the early days of the internet. It emerged in the 1990s and was primarily focused on providing static web pages with limited interactivity. It was mainly used for information retrieval, where users could access websites and consume content, but it had many limitations in terms of user contributions and interactivity.<br><br><\/li>\n<li><b>Web 2:<\/b> also known as the &#8220;read-write web&#8221; or the &#8220;social web,&#8221; is the phase that followed Web 1 and is the internet that we&#8217;re currently familiar with. Web 2 emerged around the mid-2000s and introduced significant advancements in interactivity, user-generated content, and social networking. It enabled the rise of platforms like Facebook, YouTube, Twitter, and other social media sites where users could create and share content, interact with others, and participate in online communities. Web 2 is characterized by dynamic websites, user collaboration, and the dominance of centralized platforms &#8211; still with many limitations.<br><br><\/li>\n<li><b>Web 3:<\/b> refers to the vision of the future of the internet, aiming to overcome the limitations and challenges posed by Web 2. It seeks to create a decentralized, user-centric, and secure internet ecosystem by leveraging blockchain technology and other decentralized technologies. Web 3 focuses on empowering users, giving them control over their data, and enabling peer-to-peer interactions without relying on intermediaries. It introduces concepts like decentralized applications (DApps), smart contracts, cryptocurrency, and user-owned digital assets such as NFTs. Web 3 represents a future promoting a more transparent, private, and inclusive internet where individuals have greater control and ownership over their online experiences. Transferring power back to the user.&nbsp;<br><br><\/li>\n<\/ul>\n<p>Cryptocurrencies like Bitcoin are the native currency of web3, securing a dynamic where the users themselves have sovereignty over their own data, finances, interests and internet exploration. These technologies prove to be extremely disruptive for this reason, as the promise of self banking, decentralized social media, and innate digital rights threaten much of the power and control that exists in the established matrix of banking, internet, finance, social media, news and beyond. Without a doubt an incredible time to be alive.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-ec766fa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ec766fa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c782da\" data-id=\"0c782da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-345ad7c elementor-widget elementor-widget-text-editor\" data-id=\"345ad7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Keen to help us improve this page? Don&#8217;t hesitate to <a href=\"https:\/\/cryptocurrency.org.nz\/contact-us\/\">reach out<\/a>.\u00a0<img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/svg\/1f44d.svg\" alt=\"\ud83d\udc4d\" \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-8869040 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8869040\" data-element_type=\"section\" data-settings=\"{&quot;shape_divider_bottom&quot;:&quot;pyramids&quot;}\">\n\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M761.9,44.1L643.1,27.2L333.8,98L0,3.8V0l1000,0v3.9\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-545da77\" data-id=\"545da77\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-885ebc0 elementor-widget elementor-widget-spacer\" data-id=\"885ebc0\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What is Cryptocurrency? &#8220;Born too late to explore the seas, born too early to explore the stars, born just in time to witness the rise of the cryptocurrency revolution&#8221; Bitcoin and The Birth of Cryptocurrency Bitcoin\u00a0(BTC) is an open-source, decentralized, peer-to-peer digital currency and payment system introduced in 2008 by a developer going by the&hellip;&nbsp;<a href=\"https:\/\/cryptocurrency.org.nz\/what-is-cryptocurrency\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">What is Cryptocurrency?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":15436,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/template-pagebuilder-full-width.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"full-width","neve_meta_container":"","neve_meta_enable_content_width":"on","neve_meta_content_width":100,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/pages\/1916"}],"collection":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/comments?post=1916"}],"version-history":[{"count":470,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/pages\/1916\/revisions"}],"predecessor-version":[{"id":22760,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/pages\/1916\/revisions\/22760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/media\/15436"}],"wp:attachment":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/media?parent=1916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}