˜yÐÄvlog

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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: altcoin ( def ).

    Increasing numbers of stores and online businesses accept Bitcoin.

  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.



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Usage Note

What's the difference between bitcoin, cryptocurrency, and digital currency? See digital currency ( def ).
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˜yÐÄvlog History and Origins

Origin of bitcoin1

First recorded in 2005–10; bit 3( def ) + coin none
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Example Sentences

Examples have not been reviewed.

UnitedHealth paid a ransom of about $22 million in bitcoin.

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Another scam on the rise involves bitcoin ATMs.

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A scammer persuades a victim to deposit cash into a bitcoin ATM by using a QR code.

From

The ATM then converts the cash to bitcoin that is immediately transferred to the scammer’s digital wallet.

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Seniors are particularly susceptible to bitcoin ATM scams.

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