{"id":17577,"date":"2021-03-22T11:37:15","date_gmt":"2021-03-22T10:37:15","guid":{"rendered":"https:\/\/phoneenglish.es\/blog\/?p=17577"},"modified":"2021-07-20T08:03:09","modified_gmt":"2021-07-20T06:03:09","slug":"bitcoin-explained-and-made-simple","status":"publish","type":"post","link":"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/","title":{"rendered":"Bitcoin Explained and Made Simple"},"content":{"rendered":"\n<p><strong><em>B2 &#8211; Upper Intermediate<\/em><\/strong><\/p>\n\n\n\n<p>Cryptocurrency is becoming more and more popular. There are a few widely accepted cryptocurrencies and the number keeps growing. Just like stocks, they are even widely traded across trading platforms. <\/p>\n\n\n\n<p>Bitcoin is the most popular cryptocurrency. As of writing, it is valued at around $58 000. But what is Bitcoin? <\/p>\n\n\n\n<p>Let&#8217;s watch the video and learn more about the cryptocurrency Bitcoin.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Bitcoin explained and made simple\" width=\"580\" height=\"326\" src=\"https:\/\/www.youtube.com\/embed\/s4g1XFU8Gto?wmode=transparent&amp;rel=0&amp;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Discussion Questions:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>What is &#8220;the double-spending problem&#8221; and what was the solution to it?<\/li><li>What are your thoughts on Bitcoin?<\/li><li>What are the good and bad things about such currency system?<\/li><li>Do you agree that Bitcoin is the future of finance? Why or why not?<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>B2 &#8211; Upper Intermediate Cryptocurrency is becoming more and more popular. There are a few widely accepted cryptocurrencies and the number keeps growing. Just like stocks, they are even widely traded across trading platforms. Bitcoin is the most popular cryptocurrency. As of writing, it is valued at around $58 000. But what is Bitcoin? Let&#8217;s [&hellip;]<\/p>\n","protected":false},"author":60,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[291,39,292,290,14],"class_list":["post-17577","post","type-post","status-publish","format-standard","hentry","category-homework","tag-b2-upper-intermediate","tag-finance","tag-first-certificate-fce","tag-listening","tag-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Explained and Made Simple | phone english blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Explained and Made Simple | phone english blog\" \/>\n<meta property=\"og:description\" content=\"B2 &#8211; Upper Intermediate Cryptocurrency is becoming more and more popular. There are a few widely accepted cryptocurrencies and the number keeps growing. Just like stocks, they are even widely traded across trading platforms. Bitcoin is the most popular cryptocurrency. As of writing, it is valued at around $58 000. But what is Bitcoin? Let&#8217;s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/\" \/>\n<meta property=\"og:site_name\" content=\"phone english blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/phoneenglish.es\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-22T10:37:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-20T06:03:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@phoneenglishes\" \/>\n<meta name=\"twitter:site\" content=\"@phoneenglishes\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\",\"name\":\"PHONE ENGLISH\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"sameAs\":[\"https:\/\/facebook.com\/phoneenglish.es\",\"https:\/\/www.linkedin.com\/company\/phoneenglish\",\"https:\/\/twitter.com\/phoneenglishes\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/phoneenglish.es\/blog\/wp-content\/uploads\/2020\/05\/phone-english1.png\",\"contentUrl\":\"https:\/\/phoneenglish.es\/blog\/wp-content\/uploads\/2020\/05\/phone-english1.png\",\"width\":200,\"height\":124,\"caption\":\"PHONE ENGLISH\"},\"image\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/#website\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"name\":\"phone english blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/phoneenglish.es\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#webpage\",\"url\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/\",\"name\":\"Bitcoin Explained and Made Simple | phone english blog\",\"isPartOf\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#website\"},\"datePublished\":\"2021-03-22T10:37:15+00:00\",\"dateModified\":\"2021-07-20T06:03:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/\",\"url\":\"https:\/\/phoneenglish.es\/blog\/\",\"name\":\"Blog\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#webpage\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#webpage\"},\"author\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#\/schema\/person\/f14133a755d5125c114df7ea1e9f6565\"},\"headline\":\"Bitcoin Explained and Made Simple\",\"datePublished\":\"2021-03-22T10:37:15+00:00\",\"dateModified\":\"2021-07-20T06:03:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/2021\/03\/bitcoin-explained-and-made-simple\/#webpage\"},\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/phoneenglish.es\/blog\/#organization\"},\"keywords\":[\"B2 - 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