noun
bitcoin
BIHT-koyn
noun
1
A decentralized digital currency that runs on blockchain technology, not controlled by any government or bank.
"He paid for the laptop entirely in bitcoin."
"The price of bitcoin swung wildly over the weekend."
How to Use Bitcoin
Learner’s notesIn plain EnglishThe first and best-known cryptocurrency, run on a decentralized network rather than a bank.
Common pairings
buy bitcoin
bitcoin wallet
bitcoin mining
Word Forms
bitcoins plural, bitcoin plural
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He paid for the laptop entirely in _____.
Etymology
Coined from "bit" (as in binary digit) plus "coin", by the pseudonymous creator known as Satoshi Nakamoto, first described in a 2008 white paper on peer-to-peer digital cash.