Tag Archives: Oxford Dictionary
Bitcoin Added to Oxford Online Dictionary
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”
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