Ethereum: Correct use of the word Bitcoin [duplicate]

Proper use of the Bitcoin word: Separation of the fact from fiction

When it comes to discussing the cryptocurrency currency, the terms “bitcoin” and “bitcoin” are often used alternately. However, there is a subtle difference between the use of “bitcoin” with Capital B and “Bitcoin”. In this article, we will explore when to use each term, emphasizing any potential confusion.

Mets: Using “Bitcoin” as “Bit Coin”

One of the usual misconceptions is that all the cases of “bitcoin” relate to the crypto currency. However, this is not entirely true. Although both terms are used to describe the same property, they have different meanings.

When referring to the currency itself, “bitcoin” (with capital B) refers to a digital or virtual token designed by an individual known as Satoshi Nakamoto in 2009. This term became synonymous with digital currencies and crypto currencies. When discussing digital payments, investments or exchanges, it is common to see both concepts used: for example, “I want to buy some bitcoin”.

On the other hand, when it comes to Bitcoin (with lowercase letters b), we refer to basic technology that allows for Peer-to-PEER transactions without intermediary. This is especially true of protocol, software and hardware required for Bitcoin transactions. In this context, the use of “bitcoin” with lowercase B is more precise.

Correct use: Capital B or lowercase B

To avoid confusion:

*Use
Capital B when it refers to the digital currency itself.

*Use
in lowercase B when you talk about fundamental technology, protocol, software and hardware that enable Bitcoin transactions.

Conclusion

Although “bitcoin” and “bitcoin” are often used alternately, it is crucial to understand the subtle difference. Using Capital B for currency and lowercase B for its fundamental technology, you will avoid any potential confusion and provide a more accurate discussion on the topics related to the Crypto currency.

Be informed, be clear!

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