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
- digital ledger
SPEAK MORE!
Direction: Discuss the following questions with your mentor and share about yourself. Make sure to answer in complete sentences.
- Have you ever used or considered using cryptocurrency like Bitcoin? Why or why not?
- Many businesses and governments are exploring smart contracts to automate agreements. How do you think this could change the way contracts work?
- Do you think blockchain could make banking easier or more complicated? Why?
- One key feature of blockchain is decentralization, meaning no single entity controls it. Do you think this is a good or bad thing? Why?
- How could transparency in blockchain benefit businesses and consumers?
- Do you think businesses should start adopting digital ledgers instead of paper records? What advantages and disadvantages do you see?
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?