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And trust is established, not by some big institution,
信任的建立并不是基于一些大型機構，
but by collaboration, by cryptography and by some clever code.
而是基于合作，基于密碼技術和一些精巧的代碼。
And because trust is native to the technology, I call this, "The Trust Protocol."
因為信任正是起源于這一技術。我把它叫做“信任協議”。
Now, you're probably wondering: How does this thing work? Fair enough.
你也許會想：它的工作原理是什么？問得好。
Assets -- digital assets like money to music and everything in between -- are not stored in a central place,
資產--數字資產從金錢到音樂，或是其他的產品，并不儲存在中央區域，
but they're distributed across a global ledger, using the highest level of cryptography.
而是分散于全球的賬本之中，使用最高級別的密碼技術。
And when a transaction is conducted, it's posted globally, across millions and millions of computers.
當一次交易處理完成后，它會通過數億臺計算機發布全球通告。
And out there, around the world, is a group of people called "miners."
而在全世界，有一群叫做“礦工”的人們。
These are not young people, they're Bitcoin miners.
他們并不一定是年輕人，他們是比特幣礦工。
They have massive computing power at their fingertips -- 10 to 100 times bigger than all of Google worldwide.
他們手頭有著巨大的計算能力--比谷歌全球規大數十倍。
These miners do a lot of work.
這些礦工要做很多工作。
And every 10 minutes, kind of like the heartbeat of a network,
每隔十分鐘，有點類似于網絡的一次心跳，
a block gets created that has all the transactions from the previous 10 minutes.
一個區塊便誕生了，它包含了過去10分鐘的所有交易信息。
Then the miners get to work, trying to solve some tough problems.
然后礦工們開始工作，嘗試解決一些難題。
And they compete: the first miner to find out the truth and to validate the block,
他們彼此競爭，第一個找出真相并使區塊有效的礦工
is rewarded in digital currency, in the case of the Bitcoin blockchain, with Bitcoin.
將會有數字貨幣的獎勵，這就是關于比特幣的區塊鏈。
