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Bitcoin Now Officially in the Dictionary

A true coming of age story. The Oxford Online Dictionary now has an approved definition for “bitcoin.”

In a press announcement by The Oxford University Press, a spokesperson said:

Technology remains a catalyst for emerging words and is reflected in new entries including MOOC (‘massive open online course’: a course of study made available over the Internet without charge to a very large number of people); bitcoin (a digital currency in which transactions can be performed without the need for a central bank), and the compound Internet of things (a development of the Internet in which everyday objects have network connectivity).

The official definition of bitcoin is:

noun - a digital currency in which transactions can be performed without the need for a central bank.

Example usages include:

“bitcoin has become a hot commodity among speculators”
“bitcoins can be used for online transactions between individuals”

CC image by TexasT’s

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