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/ˈbɪtkɔɪn/ · name
(uncountable, computing, finance) A decentralized cryptocurrency using blockchain technology..
We do not accept bitcoin at this store.
Bitcoin: A Peer-to-Peer Electronic Cash System [title] […] What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. […] In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.
[A] man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called bitcoin.
[Bitcoins] do not depend on the state banks, but are created through mining. Mining is also called as hashing. It is a process of solving complex math problems using those computers which run bitcoin software.
Other e-commerce sites that accept bitcoin are: Bitcoinshop.us which offers products like watches and air conditioners and ships to people within the United States; […] Travel booking websites also start to accept bitcoin sales on flights, hotel bookings to at least 200,000 hotels and railway Amtrak through their platforms.
Individual bitcoin users are not the only driving force in terms of securing the bitcoin network. Over the past few years, dedicated bitcoin nodes have been added to the network with the sole purpose of receiving and broadcasting new bitcoin transactions to other users and nodes on the network.
Find a friend who has bitcoin and buy some from him or her directly. Many bitcoin users start this way. This method is the least complicated. One way to meet people with bitcoin is to attend a local bitcoin meetup listed at Meetup.com (https://meetup.com).
This item costs one bitcoin.
Use bitcoin when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Bitcoin means (uncountable, computing, finance) A decentralized cryptocurrency using blockchain technology..
Common synonyms include ₿, BTC, XBT.
The opposite depends on the specific sense.
We do not accept bitcoin at this store.
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