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User Reward Date
3L9TenSGDnuC68QNqbrVeafLyzq3gvMeYk1 satoshi2021-09-27 06:50:49
3Bco5tfqyz7DqoZ9d7m4o6DVjEPxT767Ux1 satoshi2021-09-27 06:50:46
37NvDmbCBCQKKM8HkEniYdmqQnsSfWkMqQ1 satoshi2021-09-27 06:50:32
3KY7UMvVqm5d45SjyGXCJyshnrBFzX75tj1 satoshi2021-09-27 06:49:47
16TRAdGy7Dq9uSUKgUfLYhGwGwfmuKBuXv1 satoshi2021-09-27 06:49:25
39HmPTQQo68oLmpqP9e1L7xoJosphHFtFE1 satoshi2021-09-27 06:49:06
16FJkAkEdJAxiJCLSPr3A6XNvjCvK5izcS1 satoshi2021-09-27 06:48:09
1D43TmdXnkjBhCNrWqgeZXmVhaQvC3jaHc1 satoshi2021-09-27 06:47:47
1JqVbvJPcMQS9cfrUpj3P3XpC3s8hHjyuH1 satoshi2021-09-27 06:46:51
3HyyNVVhbB4ateehCPV2sXfFa77GLpSGou1 satoshi2021-09-27 06:45:57

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.

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 dash, 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.



WHAT IS BLOCKCHAIN?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participants ledger.

The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain. Blockchains such as Bitcoin and Ethereum are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger.