What is Bitcoin?
Bitcoin is a digital currency that allows payments to be made quickly, safely and efficiently. Bitcoin uses point-to-point technology to operate without the need for a central authority or bank. Bitcoins transactions are managed collectively by network users. Bitcoin has its code open, no one owns or controls Bitcoin and anyone can participate.
What is a Faucet site?
A faucet site is a site where you can earn free bitcoins and other digital coins in exchange for viewing ads and completing simple tasks such as solving a captcha. Every time you visit this faucet site you will earn fractions of bitcoins and litecoins that will be paid instantly, right in your wallet at Faucet Hub. If you do not have a wallet in the Faucet Hub, just register and start using.
What determines the value of Bitcoin?
Bitcoin has a decentralized and independent system of governments and banks, thus free of bureaucratic rules, taxes and government impositions, so the most important factors in defining its value are the law of supply and demand and its acceptance in the market.