bitcoin

Etymology

bit (“binary digit”) + coin

noun

  1. (countable) A unit of the bitcoin cryptocurrency.
    This item costs one bitcoin.
    Each time you succeed in creating a hash, you are rewarded with 25 bitcoins, the block chain is updated and all the users on the network are notified. 2013, John Davidson, How to Make Money Online With Digital Currency Bitcoins
    They buy bitcoins at a lower price then sell them at a higher value. 2014, Kinsley Wallace, Bitcoins: How to Invest, Buy and Sell: A Guide to Using the Bitcoin
    There are lots of ways to earn bitcoin. 2014, Joanne Falvey, Tale of the Bitcoin Kid: Learn about earning
    But consider that a significant amount of bitcoin is also being held by investors. Those investors do not plan to sell their bitcoin for some time because they are speculating that due to its utility as MoIP, demand will continue to rise and so too will its value. 2017, Chris Burniske, Jack Tatar, Cryptoassets

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