What is Bitcoin?
Lesson Brief
Calcalist
Bitcoin is a digital virtual currency that is held electronically. The currency was created in 2009 and all of its transactions are carried out over the internet between users, without any middleman or broker. The currency is widely used around the world, although its adoption by financial institutions and the mainstream has yet to reach its peak. While the currency is revolutionary in many ways, it is also susceptible to digital theft and hacking, as are traditional forms of currency.
Suggested Set: An Israeli Hacker
Additional Vocabulary:
מאמר | article | חברה | society |
הפך במהירות ל | It quickly became | להסכים , מסכים | To agree |
בכל רחבי העולם | All over the world | בהתמדה | steadily |
מטבע ממשלתי | A government currency | מספר יתרונות | Several advantages |
טענה | claim |