$ 58,519
$ 2,085.4
$ 226.41
okex ads

Oxford English Dictionary Officially Adds ‘Satoshi’ to its Database

The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update this month.

Join the fastest growing network on Telegram

The OED defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”

The announcement follows the December 2014 update that saw “bitcoin” added to the respected resource. It defines bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.”

In the latest quarterly update, the OED has also added the word “cryptocurrency” to its database, defining it in two ways:

Firstly as “an informal, substitute currency. rare,” and secondly as “any of various digital payment systems operating independently of a central authority and employing cryptographic techniques to control and verify transactions in a unique unit of account; (also) the units of account of such a system, considered collectively.”

Oxford Dictionaries Online (ODO) also defines several crypto and blockchain-related words, such as “cryptocurrency,” “bitcoin,” “blockchain” and “miner,” among others.

The key difference between the OED and the ODO is that once a word enters the OED, it is “never removed,” while for the ODO, it can be removed. The other difference is that while the “ODO focuses on the current language and practical usage, the OED shows how words and meanings have changed over time.”

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Centbee joins South African watchdog’s regulatory sandbox
April 9, 2021By
Moderna and IBM to Jointly Explore Blockchain Technology for Vaccine Traceability
April 9, 2021By
Blockchain Association Hold Talks with Regulators Over Amenable Regulations
April 8, 2021By


Video Posts

Tech Adoption For Small Business
April 6, 20210
OKEx Nigeria Exclusive Summit 2021
April 6, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin58,519 0.56 % 2.50 % 0.48 %
Ethereum2,085.4 0.63 % 3.10 % 5.83 %
Binance Coin440.43 1.52 % 8.98 % 31.14 %
--- --- --- ---
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.210 0.96 % 0.29 % 2.24 %
XRP1.010 1.76 % 4.68 % 76.52 %
Uniswap30.22 0.80 % 2.09 % 5.26 %
Litecoin226.41 0.87 % 1.80 % 11.67 %
Chainlink32.37 0.93 % 1.22 % 7.48 %