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Bitcoin Paying Faucet | Coinfaucet.network

Welcome To Coinfaucet.network


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Recent 10 Payout History

Claim ID Payout Address Sending Amount (BTC) Date Time
492856 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 4:55:28
492855 1518racAFefhYBofGQp7oUp66tPmy7j1rb 2 Satoshi 06/12/2021 4:54:37
492854 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 4:37:26
492853 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 4:13:51
492852 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 3:45:56
492851 17axrNztXsJaHkNvXPcvZwdBxYFFnwxUwk 2 Satoshi 06/12/2021 3:43:46
492850 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 3:23:05
492849 1518racAFefhYBofGQp7oUp66tPmy7j1rb 2 Satoshi 06/12/2021 3:22:04
492848 16Uo9ZfrCQrCTmWoWpFsN9qHxkhJtHY5QA 2 Satoshi 06/12/2021 3:09:58
492847 1518racAFefhYBofGQp7oUp66tPmy7j1rb 2 Satoshi 06/12/2021 3:07:11

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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