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Digital currencies: how do they work and what makes them different?

42,835 views

Bank of England

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (UK)

Speech Time:

95%
  • 3:53 / 4:04

Speech Rate:

  • 173 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

recently

/ˈrēs(ə)ntlē/

adverb

at recent time.

underpin

/ˌəndərˈpin/

verb

support building or other structure from below by laying solid foundation below ground level.

existing

/iɡˈzistiNG/

adjective verb

in existence or operation at current time. To be present, alive or real.

written

/rīt/

adjective other verb

Expressed using writing. To invent or create a computer program. To compose letters and words on paper of a screen.

currency

/ˈkərənsē/

noun

Money system that a country uses.

agreeing

/əˈɡrē/

verb

To have the same opinion as someone else.

traditional

/trəˈdiSH(ə)n(ə)l/

adjective

existing in or as part of tradition.

systems

/ˈsistəm/

noun other

set of things working together as parts of mechanism. Sets of organized planned ideas that work together.

changes

/CHānj/

noun other verb

act or process bringing change. Exchanges of one set of clothes for another. To replace something with another thing.

emergence

/əˈmərjəns/

noun

The process of emerging, coming out.

different

/ˈdif(ə)rənt/

adjective

Not of the same kind; unlike other things.

includes

/inˈklo͞od/

verb

comprise or contain as part of whole.

through

/THro͞o/

adjective adverb preposition

continuing or valid to final destination. expressing movement into one side and out of other side of opening etc.. By a particular way or process; by the use of.

deposits

/dəˈpäzət/

noun other verb

sum paid into bank. Amounts of money that is put into a bank account. put or set down in place.

records
noun other verb

thing constituting piece of evidence about past. Round plastic discs on which music has been stored. To put music, sounds onto a device to store it.

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