Answers for Bitcoin listening

by 12 Comments

See the answers below for the listening exercise about Bitcoin. If you didn’t complete the lesson, please check here: Bitcoin listening before checking the answers and transcript below.

Transcript

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoin is one of the first successful implementations of a distributed crypto-currency, described in part in 1998 by Wei Dai on the cypherpunks mailing list. It is built upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.

There are many advantages to bitcoins, for example they are sent easily through the Internet, without needing to trust any third party and also transactions are fast. However, unfortunately, transactions are also irreversible.

Information from wiki.

Answers

  1. instant
  2. central authority
  3. record
  4. fast
  5. irreversible

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You can find all my listening exercises and tips on this page: IELTS Listening

 

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Comments

  1. Waleed says
    August 3, 2018 at

    (1) PAYMENT
    (2) AUTHORITY
    (3) RECORD
    (4) FAST
    (5) IRREVERSIBLE

    Dear Liz,
    For (1) and (2) are acceptible answers or not ?
    Thanks in advance

    Reply
  2. faezeh fazel says
    July 19, 2018 at

    I did 100% right.

    Reply
  3. Jemile Bolgurova says
    April 6, 2018 at

    1.international
    2.authority
    3.sort of record
    4.____
    5.irreversible
    So are these which I answered correct?
    Thanks a lot,Liz!

    Reply
  4. indarathana says
    December 10, 2017 at

    Such a great support for those whosoever waiting for a successful IELTS results

    Reply
  5. Taiwo Afolayan says
    November 14, 2017 at

    Thanks Liz for these free lessons. I got 5/5.

    Reply
  6. Atif Munir says
    November 14, 2017 at

    Thanks Liz. . i got 4/5 in this bit coin listening.

    Reply
  7. HA AZ says
    November 12, 2017 at

    Dear Liz, thank you so much for providing these wonderful tips and helps. After going briefly through your website for about few days, my listening score jumped from 5.5 to 8, reading from 5.5 to 7, writing from 5.5 to 6.5 and speaking from 8 to 8.5. I have achieved the score required for professional registration. Thanks again.

    Reply
  8. Chintan patel says
    November 12, 2017 at

    thanks liz for sharing such good listening

    Reply
  9. Nika says
    November 12, 2017 at

    Dear Liz
    Thank you so much for your listening post.

    Reply
  10. INI-IMA says
    November 11, 2017 at

    Thanks Mam for your wonderful lectures. I learn everyday from you through your videos. God bless you. I got 5/5 in this test. Thank you for the tips.

    Reply

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