Hit Bitcoins’ High Paying Bitcoin Faucet – A Bitcoin Faucet is a Reward System, in the form of a website page or android iOS application. That gives out customers a very small amount of Bitcoins every few minutes or rewards are dispensed at various predetermined intervals of time. As rewards for completing simple tasks such as captcha completion and as prizes from simple games like the bitcoin fidget spinner. Faucets usually give fractions of a bitcoin but the amount will typically fluctuate according to the value of bitcoin. As bitcoin transactions are irreversible. This way customers can get their first Bitcoins without needing to buy them.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency – the system works without a central repository or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by Cambridge University estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.