Bitcoin

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/bitcoin

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the classification?First decentralized cryptocurrency
2. What is the white paper publication?2008
3. How does Bitcoin make new money?New Bitcoin is created when computers solve hard math puzzles in a process called mining. The first computer to solve the puzzle gets to add a new block to the chain and receives new Bitcoin as a reward.
4. Why do some countries allow Bitcoin while others ban it?Some governments think Bitcoin can help people who don't have banks, so they allow it. Others worry it could be used for bad things or hurt their money system, so they ban it.

Decentralization: A system where control and decision-making are distributed among multiple participants, not concentrated in a single entity.
Pseudonymous: Transactions are linked to Bitcoin addresses, not directly to personal identities, offering a degree of anonymity.
Proof-of-Work (PoW): A consensus mechanism requiring participants to expend computational effort to validate transactions and secure the network.
Distributed Ledger Technology (DLT): A database that is shared and synchronized across multiple sites, countries, or institutions, with no central administrator.