diff --git a/README.md b/README.md
index 5a7f9a38a..0c8ab65e7 100644
--- a/README.md
+++ b/README.md
@@ -2,7 +2,7 @@
 
 ## Version : 1.0.0
 
-The design of the EOSIO blockchain calls for a number of smart contracts that are run at a priviledged permission level in order to support functions such as block producer registration and voting, token staking for CPU and network bandwidth, RAM purchasing, token transfer, multi-sig, etc.  These smart contracts are referred to as the system, token, msig and sudo contracts.
+The design of the EOSIO blockchain calls for a number of smart contracts that are run at a privileged permission level in order to support functions such as block producer registration and voting, token staking for CPU and network bandwidth, RAM purchasing, token transfer, multi-sig, etc.  These smart contracts are referred to as the system, token, msig and sudo contracts.
 
 This repository contains examples of these priviledged contracts that are useful when depoying, managing, and/or using an EOSIO blockchain.  They are provided for reference purposes: