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Price Bitcoin $60996 Last Update : 1 minute

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Recent Payouts

Date User Reward
2021-10-17 12:37:5217ubes7YwKfFN1aFBms2LMLeb5fUFktKf21 satoshi
2021-10-17 12:37:251A8vXabwwutk98rwJyoM1roBnmUKMKifaD1 satoshi
2021-10-17 12:37:161LMcVwFWkDPj12vVmumPZkBATwgfed1iTo2 satoshi
2021-10-17 12:37:101LCapcrkzu8Kex5nn28CD2zWmtYhBsWDij1 satoshi
2021-10-17 12:37:093KcevQ99spEBNJejoWwDxw5zteZpjzyyMg1 satoshi
2021-10-17 12:37:041hZndh9UoyS8W4ah6AebKdpBCq2pYUFTi1 satoshi
2021-10-17 12:36:5112Xd2gC8tMdbmDCrcUVEejWQwJCf2c7K6a1 satoshi
2021-10-17 12:36:431248f4d6ypsctmMYjJnNottu7bDTi98Tmk1 satoshi
2021-10-17 12:36:4216a21Z2DHsaMYeoHbu5RXUQbn4w9Gb376i2 satoshi
2021-10-17 12:36:391NpS2YgHHUUPHfaFb34Lm4zjFM7zJvek7X1 satoshi

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