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What is Bitcoin? Bitcoin is a consensual network that allows a new payment system and a fully digital currency. It's the first network per decentralized user-driven pay no central authority or intermediaries. From a user standpoint, as Bitcoin is Internet money. Bitcoin may be the only existing triple accounting system. Who created Bitcoin? Bitcoin is the first implementation of a concept known as "crypto currency", which was first described in 1998 by Wei Dai listed Try Us "cypherpunks" where he proposed the idea of ​​a new type of money that used the cryptography to control his creation and transactions, rather than it did a centralized authority. The first specification of the Bitcoin protocol and the published proof of concept Satoshi Nakamoto in 2009 on a mailing list satoshi left the project in late 2010 without revealing much about him. Since then, community has grown exponentially and has many developers working on the Bitcoin protocol. Satoshi's anonymity has sometimes unjustified suspicions raised, many of them caused by the lack of understanding about open source in which Bitcoin is based.

This protocol and its software and any developer openly published anywhere in the world can review or create your own modified version of the software. Like the current programmers, Satoshi's influence was limited to changes that made the adopted others and therefore not controlled the Bitcoin. Thus, knowing the identity of the inventor of Bitcoin is equally important to know who invented the paper. In this Faucet you will win 1000 satoshis means that you will earn real money, real BITCOIN criptocurrency (btc). A satoshi is the smallest part of a Bitcoin. You cant send less than 1 satoshi. Here you can earn free satoshi. 1 BTC = 1,000 mBTC (millibitcoin) 1 BTC = 1,000,000 μBTC (microbitcoin) 1 BTC = 100,000,000 Satoshis 1 mBTC = 100,000 Satoshis 1 μBTC (microbitcoin) = 100 Satoshis Note that it's possible that future protocol versions will introduce amounts smaller than a Satoshi. One BTC (Bitcoins) its now 240$, but this can change tomorrow. Do you know that one year ago, 1 BTC worths more than 1,200$. Yes, if you earn free BTC you can have real money, so enter your bitcoin adress in this faucet. Earn bitcoin with this bitcoin faucet. Then, you can change your Bitcoin for real money in Coinbase, or trade it in BTC-e exchange.



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Bitcoins is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called Bitcoins. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors.The European Banking Authority has warned that bitcoin lacks consumer protections.Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

A Faucet gaves people free bitcoin. You can win bitcoin at a bitcoin faucet by solving things. To get free bitcoins or win free bitcoins you also can referrel with a multiplier of 0,2 to get free Satoshis for just placing a link.

More Information on Bitcoin Wikipedia article

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