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.
How to send and receive Bitcoin?
Bitcoins can be transferred from one person to another anonymously, this is done through addresses that can be created for each individual transaction. The Bitcoins network, called Blockchain, is responsible for registering and executing each transaction in a decentralized and secure manner.
What is the practical use of Bitcoin?
Several companies and merchants in several countries accept Bitcoin as payment method, in addition there are Bitcoin Electronic Boxes, where you can, for example, withdraw Dollar or Euro, the value of your balance in Bitcoin.