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bitcoin

Syllabification: bit·coin
Pronunciation: /ˈbitˌkoin
 
/
(abbrev. BTC)

Definition of bitcoin in English:

noun

1A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank: bitcoin has become a hot commodity among speculators If you want to buy something using bitcoin you need to make sure the seller accepts the cryptocurrency
More example sentences
  • What can I buy with bitcoin?
  • It's still early days, and bitcoin is not without its share of problems.
  • People trading bitcoin on the Tokyo-based exchange saw its price hit US $266 at one point, then fall to as low as $105 with high lag times for trades.
1.1A unit of bitcoin: bitcoins can be used for online transactions between individuals
More example sentences
  • In an era of e-tickets, bitcoins and app-based banking, it seems pretty antiquated that we still have to fumble through our wallets for an insurance card each time we go to the doctor's office.
  • That's just the moment that hackers - who probably didn't believe their luck at first - got into his network, making off with a cool quarter-million's worth of bitcoins he had in his possession.
  • Last week, Reddit announced it would accept the currency for its Gold membership, while a US start-up is taking bitcoins as payment for pizza.

Origin

early 21st century: from bit4 + coin.

Definition of bitcoin in:

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