full transcript

From the Ted Talk by Don Tapscott: How the blockchain is changing money and business

Unscramble the Blue Letters

Now, you're probably wondering: How does this thing work? Fair enough. Assets — ditagil assets like money to music and everything in between — are not stored in a ctnearl place, but they're distributed across a global ledger, using the highest level of cryptography. And when a transaction is conducted, it's posted golllbay, across millions and millions of computers. And out there, around the world, is a gourp of people called "miners." These are not young people, they're Bitcoin mniers. They have massive computing poewr at their fingertips — 10 to 100 times bigger than all of Google worldwide. These miners do a lot of work. And every 10 minutes, kind of like the heartbeat of a network, a blcok gets created that has all the transactions from the previous 10 minutes. Then the miners get to work, trying to svloe some tough problems.

Open Cloze

Now, you're probably wondering: How does this thing work? Fair enough. Assets — _______ assets like money to music and everything in between — are not stored in a _______ place, but they're distributed across a global ledger, using the highest level of cryptography. And when a transaction is conducted, it's posted ________, across millions and millions of computers. And out there, around the world, is a _____ of people called "miners." These are not young people, they're Bitcoin ______. They have massive computing _____ at their fingertips — 10 to 100 times bigger than all of Google worldwide. These miners do a lot of work. And every 10 minutes, kind of like the heartbeat of a network, a _____ gets created that has all the transactions from the previous 10 minutes. Then the miners get to work, trying to _____ some tough problems.

Solution

  1. central
  2. miners
  3. globally
  4. digital
  5. power
  6. solve
  7. block
  8. group

Original Text

Now, you're probably wondering: How does this thing work? Fair enough. Assets — digital assets like money to music and everything in between — are not stored in a central place, but they're distributed across a global ledger, using the highest level of cryptography. And when a transaction is conducted, it's posted globally, across millions and millions of computers. And out there, around the world, is a group of people called "miners." These are not young people, they're Bitcoin miners. They have massive computing power at their fingertips — 10 to 100 times bigger than all of Google worldwide. These miners do a lot of work. And every 10 minutes, kind of like the heartbeat of a network, a block gets created that has all the transactions from the previous 10 minutes. Then the miners get to work, trying to solve some tough problems.

Frequently Occurring Word Combinations

ngrams of length 2

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social media 2
underlying technology 2
establish trust 2
digital age 2
social inequality 2
financial industry 2
previous block 2
financial services 2
prosperity number 2
analie domingo 2
mobile device 2
intellectual property 2

Important Words

  1. assets
  2. bigger
  3. bitcoin
  4. block
  5. called
  6. central
  7. computers
  8. computing
  9. conducted
  10. created
  11. cryptography
  12. digital
  13. distributed
  14. fair
  15. fingertips
  16. global
  17. globally
  18. google
  19. group
  20. heartbeat
  21. highest
  22. kind
  23. ledger
  24. level
  25. lot
  26. massive
  27. millions
  28. miners
  29. minutes
  30. money
  31. music
  32. network
  33. people
  34. place
  35. posted
  36. power
  37. previous
  38. problems
  39. solve
  40. stored
  41. times
  42. tough
  43. transaction
  44. transactions
  45. work
  46. world
  47. worldwide
  48. young