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Recent Payout History

Claim ID Payout Address Sending Amount (BTC) Date Time
310770 1C3zvzcbnXTFdUUvHu2hJYwj1MgKVSsVkH 2 Satoshi 28/07/2021 4:26:11
310769 13acEMG1v41ZwnBimUE3Au1ZvAo8SRqWCT 2 Satoshi 28/07/2021 4:26:07
310768 DGJhjMEFkajpDZupvZAsa5Ubomd9CHbVYq 2 Satoshi 28/07/2021 4:25:41
310767 17Dmnm4VSVTuwRwN9cShL8bvXHGDcrWswR 2 Satoshi 28/07/2021 4:24:51
310766 1CDeknicxUyxNLsYHsYWrozJAqY5TBEd6e 2 Satoshi 28/07/2021 4:24:20
310765 1JFZKvU3NH78b86Zjvq6dnnpNtU3Svn2ib 2 Satoshi 28/07/2021 4:23:03
310764 1Dy392jC3cUZNWuAA8JPHk9mTzbQf8eJv2 2 Satoshi 28/07/2021 4:22:35
310763 bc1q0tjq782a7cvuplmg7545kdhqpqe3rp7h4twcrl 2 Satoshi 28/07/2021 4:20:59
310762 1JFZKvU3NH78b86Zjvq6dnnpNtU3Svn2ib 2 Satoshi 28/07/2021 4:15:50
310761 3EPZKq6pHHLV9FvLXucTwHZMxc8iqFaBde 2 Satoshi 28/07/2021 4:13:40

What is Bitcoin

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and was 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. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and by reputable economists stating that "it should have a zero price". Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

— Satoshi Nakamoto, Founder of Bitcoin

What is Bitcoin Faucet

A bitcoin faucet is 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. The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person.

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.

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