LESSON 12

Vocabulary:

• Cryptocurrency: A digital or virtual currency that uses blockchain technology for secure transactions and operates independently of traditional banks.

Objective:
Students will learn how cryptocurrency works and explore how it can be used in educational systems, such as creating a coin for the ReelTime platform to support video yearbook transactions.

Assignment:

1. Read this Overview:
   Cryptocurrencies like Bitcoin and Ether are digital currencies that allow secure, fast, and transparent transactions. Unlike regular money, cryptocurrencies operate on decentralized networks (blockchains) without relying on a central authority like a bank.
   In an educational system, a school could create its own cryptocurrency, such as “Yearbook Coin,” for specific uses like:
   • Buying access to exclusive video content in the ReelTime platform.
   • Supporting fundraising efforts for school programs.
   • Rewarding students for achievements or participation.

Example: Imagine earning Yearbook Coins by submitting videos, which you could then use to “purchase” additional features, like custom video edits or premium NFT minting options.

1. Your Task:
   Design a concept for a cryptocurrency that could be used in your school. Include:
   • The name of your currency.
   • How it would be earned and spent (e.g., submitting videos, attending school events).
   • How it would benefit the school community.
2. Steps to Complete Your Assignment:
   • Learn about cryptocurrencies: Research basic concepts of digital currencies like Bitcoin, Ether, or Solana.
   • Brainstorm your idea: Think about how a school-specific cryptocurrency could enhance collaboration and creativity.
   • Write your concept: In 150–300 words, describe your cryptocurrency, its purpose, and how it would work in your school.
   • Prepare to share your idea in a class discussion or written format.
3. Reflection:
   Write responses to the following questions:
   • How would a school cryptocurrency encourage more participation in the ReelTime platform?
   • What challenges might arise when using cryptocurrency in a school setting?