Meaning of the word Bitcoin in English

What does Bitcoin mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Bitcoin

US /ˈbɪt.kɔɪn/
UK /ˈbɪt.kɔɪn/
"Bitcoin" picture

Noun

a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

Example:
She invested a significant amount of money in Bitcoin.
Many online retailers now accept Bitcoin as a form of payment.