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DLb5bUGhFtrVF9CJL8MsAvxkC6zEZaQqHg510 satoshi2021-11-27 08:53:37
7hGNYjErLMnSWgxjAd5KzYyWcBXUiCztrG38oNqnH6kc510 satoshi2021-11-27 08:53:32
8ek2g6gakVxLJVbMu821rm8gyLoAgMBr1YDT8BDu7cH4510 satoshi2021-11-27 08:53:01
bc1q6lyvu7clw53u6r0fe0r0r8e0vzsjf0ununqqdf510 satoshi2021-11-27 08:52:19
EXBFUTgL6gSaeqH7X3bUq8LvTPFEmPRfeCnQV41q1L18510 satoshi2021-11-27 08:52:11
8ju172CdF5o5edn4Tj4xck18TEFJynvH82XKvUhjN4HD510 satoshi2021-11-27 08:51:34
5zFbeGqtnuRYDLnrYT18d3tCzFSmxW1MT2boznzmfKK1510 satoshi2021-11-27 08:51:24
7gohQoWmGx1X2Dh87hqoL9HFuBQLkEFqnmtgBbks9ada510 satoshi2021-11-27 08:51:04
HFxaweargAFKhaaNdVWDjwRdnvKvs4d6uN33UzBqLNew510 satoshi2021-11-27 08:50:38
0x9C195d345Ae5aFDcfF797aD69Ec0bc0FAF8021cc510 satoshi2021-11-27 08:50:29

What is Bitcoin?


Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

What is Bitcoin Faucet?


Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin.

Faucets are a great way to help introduce new people to bitcoin, or to your favourite altcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

Sources: Wikipedia, YouTube
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