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User Reward Date
1FL9i1hJzcJ95KBZ8GG2cYcNwqjdeecUNE1 satoshi2022-09-30 15:06:21
TSkc6gVEqSmte2KardXXLgUgn9bZWKt5DP1 satoshi2022-09-30 13:43:58
1HxNvvh1G4nMoPGABMYDHivN2rfjCZhQRh1 satoshi2022-09-30 10:16:13
1LF8aY2PkHnYigongQC6pDsMNN3VNHM4921 satoshi2022-09-30 09:07:36
1KczqpFUSLQoHJscom1ecirt7a5TnkgbV61 satoshi2022-09-30 09:04:33
1BFRgYGaDuY2gE4f5ZL3JmYe2wQT4PJzL51 satoshi2022-09-30 09:03:48
1CRR96SgB6VhmVBfGd2b7dfcnaVnPKujYr1 satoshi2022-09-30 09:01:53
1DPE9s5Dj14UXcYmFA8Ks9gP5f83agj2QT1 satoshi2022-09-30 09:00:10
1GSmbyjZygkjj2TfUXVXiDSxPSDoBrW47v1 satoshi2022-09-30 09:00:06
1Ca3EjvL6yMU9UPQcqAsste4R83YpJaKAH1 satoshi2022-09-30 08:59:51

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 dont quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.