The Oxford English Dictionary adds the word “Satoshi”, Bitcoin’s (BTC) smallest unit.
The update was published in the firm’s blog where the Oxford English Dictionary notes that it is the most recent addition in the dictionary wherein the word was first used seven years ago. The announcement notes:
“A satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”
Addition of Crypto Jargons
The word is the latest addition in the dictionary that is part of the crypto industry jargon although not the first.
In the year 2013, the Oxford English Dictionary added the word “Bitcoin” defining it as “a digital currency in which transactions can be performed without the need for a central bank.”
While in the year 2014, the Oxford Dictionary Online the world’s arbiter on what is and isn’t English accepted cryptocurrency as a word.
Cryptocurrency is defined as “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.”
Additionally, Bitcoin has been named 2017 Term of the Year by investment encyclopedia-like online learning resource Investopedia.