Crypto Currency Definitions Make it into OxfordDictionaries.com

Over the past few years, the use of crypto currency such as bitcoin has rocketed. Once exclusive to gaming, this currency is now accepted by a number of retailers and the use of crypto currency is set to continue increasing over the next few years.

An indication that crypto currency is becoming more mainstream is the fact that it is now being included in the online Oxford Dictionary. It has been revealed that OxfordDictionaries.com, which is part of the Oxford University Press, has added a number of definitions related to this type of currency. The additions were revealed in a blog post.

One of the newly added crypto currency definitions to be added is for the term ‘blockchain’. This term has been defined by OxfordDictionaries.com as ‘A digital ledger in which transactions made in bitcoin or another crypto currency are recorded chronologically and publicly’.

Another new definition that has been added to OxfordDictionaries.com relates to bitcoin mining. The term ‘miner’ has been defined by the online dictionary as ‘A person who obtains units of a crypto currency by running computer processes to solve specific mathematical problems’. A similar definition has been added for the term ‘mine’.

The actual term ‘bitcoin’ was added to the online dictionary a couple of years ago but since then the use and popularity of bitcoin and other crypto currencies has continued to increase. As time goes on, it is likely that more and more terms relating to this type of currency will be defined and added to OxfordDictionaries.com, which the publisher states is focused on ‘current language and practical usage’.

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