PHOTOS SPARK CONVERSATIONS
How do you think having a digital ledger like this helps with tracking transactions?
LET'S LEARN!
Useful Words/Phrases
- blockchain
- cryptocurrency
- smart contract
- decentralization
- transparency
- digital ledger
- security
SPEAK MORE!
Direction: Discuss the following questions with your mentor and share about yourself. Make sure to answer in complete sentences.
- Why do you think blockchain is considered more secure than traditional transaction methods?
- How might cryptocurrency change the way people use money in the future?
- Do you think blockchain could make banking easier or more complicated? Why?
- Would you trust a ‘smart contract’ for important transactions? Why or why not?
- How could transparency in blockchain benefit businesses and consumers?
- Can you think of any examples of blockchain being used outside of finance?
Let's Practice!
Direction: Create a question using the vocabulary discussed.
Situation:
1. Think about transparency: How would you ask about the benefits of open records in transactions?
Situation:
2. Consider cryptocurrency: How would you ask about how digital currency could change daily spending?
Situation:
3. Think about smart contracts: How could you ask about their usefulness?