Oxford English Dictionary adds Satoshi and cryptocurrency to its database

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:

1. An informal, substitute currency. rare and
2. 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.