What Does Bitcoin Mean?

Published:1:31 pm EDT, August 26, 2013| Updated:2:34 pm EDT, August 30, 2013|


The Oxford dictionary recently adopted a slew of new words. Bitcoin is among them. Here's a brief overview of the word:

As a simple definition, bitcoin is just a kind of currency. You can refer to it just like any other kind of currency. You can treat the word "bitcoin" like you would the word dollar. For instance, do you have a bitcoin? I need some bitcoins. I wish I made more bitcoins.

Oxford puts it simply: a digital currency in which transactions can be performed without the need for a central bank.

True enough, but bitcoin definitely deserves far more research to get a true grasp of what it's about. Here's our guide.

Check out other definitions of new words:
apols | a/w | babymoon | balayage | bitcoin | blondie | buzzworthy | byod | cake pop

chandelier earring | click and collect | dappy | derp | digital detox| double denim | emoji

fauxhawk | fil | flatform| FOMO | food baby | geek chic | girl crush | grats| guac | hackerspace

Internet of Things | jorts| LDR| MOOC | omnishambles | pear cider | phablet |pixie cut | selfie

space tourism | squee| srsly | street food | TL;DR | twerk |unlike | vom

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