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Detailed text transcripts for TV channel - DW - 20180223:06:18:00

On their desktop or smartphone becomes part of the bitcoin network the digital ledger that supposedly makes a bit coin both independent and secure is what s known as block chain a block chain is a digital chain managed by many computers in a network which keep track of records and what are called blocks each block contains information about a transaction the block is checked and verified by all the computers distributed throughout the network and contains security codes from previous blocks that practically eliminates the chances of manipulating or counterfeiting the currency. at the moment bitcoin is still on a wild roller coaster ride in the markets but one thing is fairly certain it won t fall victim to inflation the algorithm behind the digital technology won t allow the mining of more than twenty one million bitcoins and they ll all have been created by the year twenty one forty eight. and ....

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Detailed text transcripts for TV channel - DW - 20180223:14:20:00

Contains information about a transaction the block is checked and verified by all the computers distributed throughout the network and contains security codes from previous blocks that practically eliminates the chances of manipulating or counterfeiting the currency. at the moment bitcoin is still on a wild roller coaster ride in the markets but one thing is fairly certain it won t fall victim to inflation the algorithm behind the digital technology won t allow the mining of more than twenty one million bitcoins and they ll all have been created by the year twenty one forty eight. i want to delve deeper now into the world of block chain and joining me here in the studio is shane a russian get the founder of block chain hub dot net and the director of the crypto economics institute at the vienna university of economics i mean great to have you with us for inviting me now i ve heard that you think that block chain has the opportunity has the potential to rev ....

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