bitcoin

[ bit-koin ]

noun
  1. Often Bitcoin . the first widely established cryptocurrency, which uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system: Increasing numbers of stores and online businesses accept Bitcoin. : See also altcoin.

  2. a single unit of bitcoin, the first widely established cryptocurrency: The value of a bitcoin has sometimes surpassed the value of an ounce of gold.

Origin of bitcoin

1
First recorded in 2005–10; bit3 + coin

usage note For bitcoin

What's the difference between bitcoin, cryptocurrency, and digital currency? See digital currency.

Words Nearby bitcoin

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use bitcoin in a sentence