The Oxford English Dictionary ‘OED’ has officially added the word ‘satoshi’ to its dictionary database. The additions were part of OED quarterly update. The Oxford English Dictionary defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”

The OED also added ‘cryptocurrency’ to its database, defining it in two ways:

An informal, substitute currency. rare and Any of various digital payment systems operating independently of a central authority and employing cryptographic techniques to control and verify transactions in a unique unit of account; (also) the units of account of such a system, considered collectively.

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