CryptoCurrency may be considered by many to be the new bubble on the market, and argue whether they are currency or asset, but they have gained a new legitimacy. Their name is one of the new words in one of the world’s largest dictionaries.
Together with more than 850 new words and definitions added to the Merriam-Webster vocabulary this month, some related to the crypto-wave are making their debut, Fortune writes.
In the online version of the dictionary, the term “block”, defined as “a digital database containing information (such as financial transaction records) that can be used simultaneously and shared within a large decentralized public network.
The word cryptocurrency will be added as well as the term – initial coin offering (ICO)
“In order to add a word to the dictionary, it must have widespread, prolonged and meaningful use,” explains Emily Brewster, an associate editor at Merriam-Webster. “These new words have been added to the dictionary because they are already established in the English and are being used by many people.”