The word represents the “smallest monetary unit in the Bitcoin digital payment system,” according to the definition. Also Read: The Fed Plans to Inject $60 Billion per Month Into the Economy . Satoshi, the Smallest Unit in Bitcoin, Added to the Oxford Dictionary. Digital currencies continue to gain mainstream acceptance and the ecosystem’s associated words and terminology have been ... Definition: A miner is an individual, company, or institution that mines cryptocurrency.In other words, they use their computers to process other people’s transactions and add them to the blockchain.Miners are essential since they are responsible for running the blockchain network and keeping it secure. Two years after adding the term ‘bitcoin’ to its dictionaries, Oxford University Press added new definitions for related words “blockchain” and “miner”. The online language resource (oxforddictionaries.com) highlighted its latest additions in a blog post, which also featured a list that including “hangry”, “butt-dial”, “Redditor”, “rage-quit” and “bants”, among ... The colossal dictionary catalog the underneath definition of the term: Cryptocurrency (n.): 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. OxfordDictionaries.com has updated its database with 46 new informal words, including "blockchain" and "miner". Bitcoin Cash (BCH) $267.08. 0.19%: Binance Coin (BNB) $31.34. 0.23%: Litecoin (LTC) $58.10. 0.91%: EOS (EOS) $2.66-0.98%: Monero (XMR) $137.36. 1.90%: Stellar (XLM) $0.082900-0.60% : Dash (DASH) $70.93-1.27%: Recently Added Terms. Staking Pool; Ticker; Token Metrics; Token Sale; Navigation. Home; Dictionary; Blog; Contact Us; About Us. CryptoDefinitions is one of the most comprehensive ... Cryptocurrency related acronyms, terms, vocabulary and slang are often used in crypto conversations. Knowing the terminology will really help you to follow cryptocurrency news and discussions in social media. Disclaimer: Some of these terms are used in fun and humor.
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