Cryptocurrency Terms Get Added to Merriam Webster's Dictionary
cryptocurrency·@elite.skeete·
0.000 HBDCryptocurrency Terms Get Added to Merriam Webster's Dictionary
<html> <p>https://3mgj4y44nc15fnv8d303d8zb-wpengine.netdna-ssl.com/wp-content/uploads/2018/03/Cryptocurrency-Initial-Coin-Offering-Added-To-Webster-Dictionary-696x449.jpg</p> <p>Big news in the crypto-world as many new cryptocurrency terms are added to Merriam-Webster's Dictionary. Bitcoin has been in the dictionary since early 2016 but it wasn't until this past week that terms like "cryptocurrency" and "blockchain" were added. The definitions appear as follows:</p> <h1>cryptocurrency</h1> <p><a href="https://www.merriam-webster.com/dictionary/noun"><em>noun</em></a> cryp·to·cur·ren·cy \ ˌkrip-tō-ˈkər-ən(t)-sē , -ˈkə-rən(t)-sē \<br> <em>plural</em> cryptocurrencies<strong>:</strong> any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on <a href="https://www.merriam-webster.com/dictionary/cryptography">cryptography</a> to prevent counterfeiting and fraudulent transactions</p> <ul> <li>Virtual currency <a href="https://www.merriam-webster.com/dictionary/Bitcoin">bitcoin</a> hit the mainstream in 2014. Bitcoin ATMs started springing up all over the world … , allowing people to exchange cash for the <em>cryptocurrency</em>, a secure digital payment outside of conventional financial institutions.—Brenda Poppy</li> </ul> <p>First Known Use: 1990</p> <h1>blockchain</h1> <p><a href="https://www.merriam-webster.com/dictionary/noun"><em>noun</em></a> block·chain \ ˈbläk-ˌchān \</p> <p>a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network;<em>also</em> <strong>:</strong> the technology used to create such a database</p> <ul> <li>The technology at the heart of bitcoin and other virtual currencies, <em>blockchain</em> is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way —Marco Iansiti and Karim R. Lakhani</li> </ul> <p>First Known Use: 2011</p> <h1>ICO</h1> <p><a href="https://www.merriam-webster.com/dictionary/noun"><em>noun</em></a> \ ˈī-ˈsē-ˈō \variants: <em>or</em> I.C.O.</p> <p><em>plural</em> ICOs <em>or</em> I.C.O.s<strong>:</strong> an initial offering of a <a href="https://www.merriam-webster.com/dictionary/cryptocurrency">cryptocurrency</a> to the public <strong>:</strong> <a href="https://www.merriam-webster.com/dictionary/initial%20coin%20offering">initial coin offering</a></p> <ul> <li>The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community—Initial Coin Offerings, or <em>ICOs</em>.—Richard Kastelein</li> </ul> <p> First Known Use: 2014<br> </p> <p><a href="https://www.merriam-webster.com/dictionary/cryptocurrency">Source 1</a>, <a href="https://www.merriam-webster.com/dictionary/blockchain">Source 2</a>, <a href="https://www.merriam-webster.com/dictionary/ICO">Source 3</a></p> <p>This is great news for mass adoption after all how are people supposed to understand the technology if they cant learn the terms through traditional sources like the dictionary. </p> <p>Below is a video of Peter from <a href="https://www.youtube.com/channel/UCueLJ4vLHTwMpYILmdBjRlg">Decentralized.tv</a> reading a story about the new terms and adding his opinion as well.</p> <p>https://youtu.be/tb6ReRbm-2s</p> <p>Thanks for reading. If you likes the article make sure to Upvote, Resteem and Follow me for more great content!</p> </html>