Cryptocurrency Q&A
Why is bitcoin called XBT?
Why is bitcoin called XBT?
Riccardo
Wed Jul 17 2024
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7 answers
1630
Could you elaborate on the reasoning behind the symbol "XBT" being used to represent Bitcoin? Is there a specific historical context or standardization process that led to this choice? I'm curious to understand why it's not simply referred to as "BTC" or another commonly used abbreviation. Is there a particular reason why "XBT" was selected, and how does it compare to other cryptocurrency identifiers in terms of consistency and recognition within the industry? Thank you for clarifying this aspect of Bitcoin's nomenclature.
7 answers
SakuraSmile
Fri Jul 19 2024
The acronym BTC gained widespread recognition in the cryptocurrency community over time.
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HanjiArtistryCraftsmanship
Thu Jul 18 2024
This official code was chosen to differentiate it from the colloquial abbreviation BTC, which had gained popularity among cryptocurrency enthusiasts.
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Arianna
Thu Jul 18 2024
However, the International Organization for Standardization (ISO), a global standard-setting body, recognized the need for an official international currency code for Bitcoin.
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charlotte_clark_doctor
Thu Jul 18 2024
The move by ISO to assign an official code to Bitcoin reflects its growing recognition and acceptance as a digital asset.
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lucas_jackson_pilot
Thu Jul 18 2024
According to ISO rules, currency codes starting with "X" are designated for non-physical currencies.
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