Oxford English Dictionary Adds ‘Satoshi’ — Bitcoin’s Smallest Unit

The Oxford English Dictionary (OED) introduced on Oct. nine that it added the phrase “Satoshi,” Bitcoin’s (BTC) smallest unit.

Within the replace printed at the company’s weblog, OED notes that the phrase is the latest addition to its dictionary, claiming the phrase was once first used seven years in the past. The announcement notes:

“A satoshi is the smallest financial unit within the Bitcoin cryptocurrency, and is called after Satoshi Nakamoto, the—most probably pseudonymous—developer(s) of Bitcoin.”

Crypto jargon in dictionaries

That is the most recent addition of a phrase that is a part of the crypto business jargon to the respected English-language vocabulary, however no longer the primary. In 2013, OED added “Bitcoin” as a phrase, defining it as “a virtual foreign money wherein transactions may also be carried out with out the will for a central financial institution.”

Moreover, in 2014 the Oxford Dictionary On-line, the arena’s arbiter on what’s and isn’t English, permitted cryptocurrency as a phrase. 

Cryptocurrency is outlined as “a virtual foreign money wherein encryption ways are used to keep an eye on the era of gadgets of foreign money and test the switch of finances, working independently of a central financial institution.”

Moreover, Bitcoin has been named 2017 Time period of the 12 months through funding encyclopedia-like on-line finding out useful resource Investopedia.

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