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bitcoin
This term functions as both the name of the specific digital asset and the name of the entire technological ecosystem. When referring to the currency, it carries a connotation of volatility and speculative investment, often associated with a philosophy of financial decentralization and distrust of traditional banking systems.
Grammatically, the word is used as a count noun when referring to individual units of the currency (e.g., owning ten bitcoins) but acts as an uncountable mass noun when referring to the technology, the network, or the general concept of the asset class (e.g., investing in bitcoin).
Meanings
A decentralized digital currency without a central bank or single administrator, based on a proof-of-work blockchain.
Examples
I invested a small amount of money in bitcoin last year.
Do you think bitcoin will ever replace traditional currency?
He lost his private key and can no longer access his bitcoin.
Bitcoin is known for its extreme price volatility.
Bitcoin is known for its extreme price volatility.
I wonder if bitcoin is actually a safe long term investment.
Some companies now accept bitcoin as a form of payment.
Mining bitcoin requires a significant amount of computing power.
Mining bitcoin requires a significant amount of computing power.