has added 850 new words in its dictionary along with their definitions. Three of these words include cryptocurrency, blockchain and initial coin offering (ICO).
Oh hey.
Cool news.
🎉🌟 We added 850 new words to the dictionary! 🎉🌟
— Merriam-Webster (@MerriamWebster)
According to the post last updated on Mar. 3, is:
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 cryptography to prevent counterfeiting and fraudulent transactions
First Known Use: 1990
is defined as:
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; also : the technology used to create such a database
First Known Use: 2011
While, is:
the first sale of a cryptocurrency to the public conducted for the purpose of raising funds (as to support a start-up)
— called alsoICO
First Known Use: 2014
Merriam-Webster previously added in 2016 as “a digital currency created for use in peer-to-peer online transactions.” The decision came after the “perplexing domain of digital financial exchanges” required a thorough understanding of words in the crypto community.
On the other hand, , recognized bitcoin as early as 2013. The official blog post read, “Technology remains a catalyst for emerging words and is reflected in new entries.” , the website announced that it had added ‘blockchain’ as well as ‘miners’ in the new list of words.
is defined as:
A person who obtains units of a cryptocurrency by running computer processes to solve specific mathematical problems.
Merriam-Webster also replied to questions asking whether the words were added to Collegiate or Unabridged.
These are to the Collegiate/Online.
— Merriam-Webster (@MerriamWebster)
Cryptocurrency was able to meet a before securing a place in the dictionary, “To be included in a Merriam-Webster dictionary, a word must be used in a substantial number of citations that come from a wide range of publications over a considerable period of time. Specifically, the word must have enough citations to allow accurate judgments about its establishment, currency, and meaning.”
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Published at Thu, 08 Mar 2018 06:48:18 +0000
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