What Is Blockchain? – YouTube Dictation Transcript & Vocabulary
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Transcripción interactiva y destacados
1.modern technology allows people to directly voice and video calls emails pictures and instant messages travel directly from A to B trust between no matter how far apart they are when it comes to money people have to trust a third party to be able to complete a transaction blockchain technology is the status quo in a radical Way by using math and blockchain provides an open database of any transaction involving value money Goods property work or even votes creating a record whose authenticity can be verified by the entire Community the future global economy will move towards one of distributed property and Trust where anyone with access to the internet can get involved in and third-party trust organizations May no longer be necessary the uses of blockchain Technology are endless some expect that in less than 10 years is it will be used to collect taxes it will make it easier for immigrants to send money back to countries where access to financial institutions is limited financial fraud will be significantly reduced as every transaction will be recorded on a public and distributed leder which will be accessible by anyone who has an internet connection think of it as wills and contracts that execute themselves or dat proof of existence for ideas much like a patent blockchain will become a global decentral calized source of trust but not everyone is ready to embrace it a huge proportion of Trust Services from banking to notaries will face challenges on price volume and in some cases their very survival public authorities could find it more and more difficult to enforce traditional Financial regulations due to the new possibilities offered by the Bitcoin Network to bypass traditional Financial intermediaries unimagined new networks will evolve to meet society's needs more cheap ly and potentially more securely will governments financial and legal institutions Embrace blockchain what will happen to the ones who [Music] don't
💡 Tap the highlighted words to see definitions and examples
Vocabulario clave (CEFR B2)
maintaining
B1To support (someone), to back up or assist (someone) in an action.
Example:
"maintaining trust between individuals no"
individuals
B1A person considered alone, rather than as belonging to a group of people.
Example:
"maintaining trust between individuals no"
communicate
B1To impart
Example:
"communicate directly voice and video"
transactions
B1The act of conducting or carrying out (business, negotiations, plans).
Example:
"transactions and third-party trust"
challenging
B1To invite (someone) to take part in a competition.
Example:
"challenging the status quo in a radical"
cryptography
B2The discipline concerned with communication security (eg, confidentiality of messages, integrity of messages, sender authentication, non-repudiation of messages, and many other related issues), regardless of the used medium such as pencil and paper or computers.
Example:
"Way by using math and cryptography"
decentralized
B1To cause something to change from being concentrated at one point to being distributed across a number of points.
Example:
"decentralized database of any"
blockchainbased
B1A B1-level word commonly used in this context.
Example:
"can get involved in blockchainbased"
| Palabra | CEFR | Definición |
|---|---|---|
| maintaining | B1 | To support (someone), to back up or assist (someone) in an action. |
| individuals | B1 | A person considered alone, rather than as belonging to a group of people. |
| communicate | B1 | To impart |
| transactions | B1 | The act of conducting or carrying out (business, negotiations, plans). |
| challenging | B1 | To invite (someone) to take part in a competition. |
| cryptography | B2 | The discipline concerned with communication security (eg, confidentiality of messages, integrity of messages, sender authentication, non-repudiation of messages, and many other related issues), regardless of the used medium such as pencil and paper or computers. |
| decentralized | B1 | To cause something to change from being concentrated at one point to being distributed across a number of points. |
| blockchainbased | B1 | A B1-level word commonly used in this context. |
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