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Recent Payouts

User Reward Date
0xF013F4375CD09A46D46a82F9B2a563cA1ff586581 satoshi2022-09-20 18:14:22
12tjakFnbic5943XYiKtrKDCqVBJuFvydv1 satoshi2022-09-20 18:13:34
13nKQvu7T8WnZKxnumPpJGmCFHwG53Ro2L1 satoshi2022-09-20 18:13:14
1H7fKo5zupKrvvarezGssmjt4EDBXzsapW1 satoshi2022-09-20 18:12:45
1CkDndzDYcKSoz8eXz9vvBY33sCCSYoqqn1 satoshi2022-09-20 18:09:26
185udbUsYy1SV51BZGd3ZH33KkNE8e6C41 satoshi2022-09-20 18:06:20
1AbmT83j3WrmEce8ySgFDv7aCk7JQRtVYJ1 satoshi2022-09-20 18:05:55
1AbmT83j3WrmEce8ySgFDv7aCk7JQRtVYJ1 satoshi2022-09-20 17:58:31
1H7fKo5zupKrvvarezGssmjt4EDBXzsapW1 satoshi2022-09-20 17:56:28
13pYAW4Kvs3HDeov32G4hSo94UD9pJqfPV1 satoshi2022-09-20 17:55:53

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.