The Oxford English Dictionary, revealed by the Oxford University Press, has added “satoshi” to its compendium of the English language.
First used lower than seven years in the past, satoshi is the latest phrase added to the dictionary. The addition was made as a part of a quarterly replace to the revered supply’s database that additionally consists of the phrases “Manhattanhenge,” “whatevs” and a revised historical past of “fake news.”
According to the now official OED definition, a satoshi is “the smallest monetary unit in the bitcoin digital payment system, equal to one hundred millionth of a bitcoin,” or zero.00000001 BTC.
OED lexicographers take a descriptive strategy to language, which means that the dictionary observes how phrases emerge, develop or diminish in reputation and alter definitions over time.
The OED’s coverage says:
“Our role is to monitor and record emerging vocabulary so that we can make new terms available to our dictionary users as soon as they start to gain traction.”
Cited makes use of of the noun come from Ripple Project, a Usenet newsgroup in 2012, from the Guardian in 2013 and the Times in 2017.
The OED notes American and British pronunciations differ. Stateside, the “o” in Satoshi is pronounced like the “ʊ” sound in foot, whereas throughout the pond the “o” feels like the “ɒ” in “lot.”
The phrase is derived from the correct noun, Satoshi Nakamoto, the “probably pseudonymous” creator or creators of bitcoin. In this context, Nakamoto is an etymon, or a phrase from which a later phrase is derived.
Curiously, the authorities on grammar state Nakamoto was “reportedly born in 1975,” referring to considered one of the solely bread crumbs left behind by the mysterious founder when requested to offer a delivery date on a website where he first described the plan for bitcoin.
Dictionary picture by way of Pixeljoy/Shutterstock