bitcoin

Language: en

🇺🇸 /ˈbɪˈtkɔɪn/

📖 Definitions

  1. noun
    A decentralized digital cryptocurrency created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto, which operates on a peer-to-peer network without the need for a central authority or intermediary.; A unit of the bitcoin cryptocurrency, divisible into 100 million smaller units called satoshis.

🔗 Details

Word forms

countable / uncountable Plural: bitcoins

Collocations

bitcoin walletbitcoin miningbitcoin pricebuy bitcoinbitcoin exchangebitcoin address

Derivatives

bitcoiner

Synonyms

cryptocurrencydigital currencyBTCcrypto

Antonyms

fiat currency

Commonly confused

blockchain
EN: 'Bitcoin' is a specific cryptocurrency; 'blockchain' is the distributed ledger technology that underpins it.
ethereum
EN: 'Bitcoin' and 'ethereum' are both cryptocurrencies but are separate networks with different designs and purposes.

Spelling tips

EN: Capitalized 'Bitcoin' typically refers to the network or protocol, while lowercase 'bitcoin' refers to the unit of currency. The plural can be either 'bitcoin' or 'bitcoins'.

💬 Examples

  1. The price of bitcoin surged to an all-time high as institutional investors began buying in large quantities.

  2. She received 0.005 bitcoin as payment for her freelance work.