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Thursday, March 8, 2018

Blockchain: Cryptocurrency, ICO and Blockchain Officially Added to the Dictionary

Cryptocurrency, ICO and Blockchain Officially Added to the Dictionary

Besides helping language learners, students and everyone else find the exact definitions of words, dictionaries also sometimes serve as time capsules that reveal what new ideas become important part of human society at what times. With roots in the anarchist and cyberpunk sub-cultures, many bitcoin advocates may feel the scene doesn’t need anyone’s seal of approval but it’s still nice to get such recognition and validation.

Merriam-Webster, the prestigious American dictionary founded in 1831 and today owned by the even more prestigious Encyclop√¶dia Britannica, now officially contains the words “Cryptocurrency”, “ICO”, and “Blockchain”. The publication has announced it expanded its coverage of the emerging crypto ecosystem when it  added a total of 850 terms from different fields that have recently become staples of modern English such as “mansplain”, “life hack” and “kombucha”.

The Merriam-Webster announcement explained that: “The sometimes perplexing domain of digital financial exchanges opens a window into a subject that requires explanation for many of us, hence the detailed definition of cryptocurrency as well as an entry for initial coin offering, which refers to the first sale of Bitcoin-like digital currency. Keeping records of financial transactions in a digital database as part of a publicly accessible network uses blockchain technology.”


Full story at http://bit.ly/2FAq55r


Source: Bitcoin News


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