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The Ten News, News For Curious Kids

Re-air: The Ten News Explains Blockchain ๐Ÿค‘

The Ten News, News For Curious Kids

Small But Mighty Media

Education For Kids, News, Kids & Family

4.5 โ€ข 889 Ratings

๐Ÿ—“๏ธ 23 August 2022

โฑ๏ธ 15 minutes

๐Ÿงพ๏ธ Download transcript

Summary

Start studying up for school with this re-air! In today's episode: ๐Ÿค” What do you give a cryptocurrency thatโ€™s always late? A CLOCKchain! ๐Ÿค‘ Ten News Correspondent LizaBanks Campagna is in the studio with Josh Fried the Senior Manager of Business Development at Solana to talk all things Blockchain. โœ”๏ธ Tessa Tidbit: in 2010 someone paid 10,000 bitcoins to buy two pizzas, but do you know how much actual money that's worth today? And, test your fake cryptocurrency on today's Trivia on the Ten. โœ…

Transcript

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0:00.0

Hey Ryan, what are you doing with all those key chains?

0:05.0

Hey Bethany. I'm building my own blockchain from these keychain rings.

0:09.0

I'm going to start my own cryptocurrency. I'm calling them 10 coins.

0:14.0

I'm not a crypto expert, but I'm pretty sure blockchain is not made from key chains.

0:21.9

Oh, yeah. I knew that. It was just a joke.

0:26.8

Hey, Ryan, here's the thousand keychains you asked for.

0:31.5

When do I get the million ten coins you promised me?

0:35.1

Hugh boy. I think it's time to do a 10 News explains blockchain.

0:41.3

I'm Bethany Van Delft. It's Thursday, June 9th, and this is the 10 News.

0:46.3

10, 9, 8, 7, 6, 5, 4, 3, two, one.

1:06.0

Cryptocurrencies took a hit a few weeks ago when one of the stable coins fell so low in value that crypto investors lost about $200 billion.

1:10.0

That's right, $200 billion.

1:14.5

What makes cryptocurrencies possible?

1:19.9

Liza Banks' Campania is back for our 10 News Explained series,

1:22.1

where she'll sit down with Josh Freed,

1:25.3

the senior manager of business development at Solana,

1:29.6

and together they're here to break down blockchain. Take it away,

1:37.4

Liza Banks. Hey, Tenors, I'm back, here to explain everything you need to know about cryptocurrency.

1:43.9

Last time, we talked about Bitcoin and the mystery of Satoshi Nakamoto. Today, I'll be covering the blockchain.

1:45.1

The value of Bitcoin and all cryptocurrencies have gone down a lot since we last talked.

1:49.9

Why has crypto gone down in value in the last few months?

1:52.9

People have been getting nervous about their investments and pulling money out of places like

...

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