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Claim Free BITCOIN (₿)

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Our Bitcoin Faucet requires a FaucetPay Account to claim. #Click Here to Register
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You will get small amount of coins listed on our site for doing nothing. There will be some Popup Ads and Banner advertisement from where We earn Revenue and share that money with you via these faucets.
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STEPS to Register at FAUCETPAY

First Go to This Link and Register
Login using yout username and Password
Then go to Crypto Deposit Address Click Here
Copy the Bitcoin Address and Login Here using the address to receive fund.
That's All. So Simple

This Referral link and IDs are different for Different Coins

Last 20 Transactions

CoinAmountFaucetpay IDDated
ETHEREUM14 Satoshi 57d5b2aac1ec3615f9dc5e407026ba27beb8556d2021-09-27 12:51:00
BITCOIN1 Satoshi 03592821098c2ad5829c844b37f5aa2daf8320f12021-09-27 12:50:00
DOGECOIN70456 Satoshi 57347381f567a167893f88becf306985ce4f750a2021-09-27 12:50:00
DOGECOIN73985 Satoshi b83d79a34323c2e7e6b8a1e22244a4299f95f53f2021-09-27 12:49:00
DOGECOIN43181 Satoshi b9f4934f292a32b480dac3f6fcca3063be63e8b42021-09-27 12:49:00
ETHEREUM13 Satoshi 0a95167dc215c4ed6a8a1efec4b6887cb679825e2021-09-27 12:49:00
BITCOIN1 Satoshi 456cac5879003d16504cc655d25460a1e26ab62f2021-09-27 12:49:00
DOGECOIN52614 Satoshi 7078ae37d6b50e80e7db1569f4e0cfa9fabc499e2021-09-27 12:48:00
BITCOIN1 Satoshi c1dc077bb2f415074abf5dc95a84dd04d823865a2021-09-27 12:48:00
BITCOIN1 Satoshi e1e540668a5ecf3f6e136ede759c669efadaca5f2021-09-27 12:47:00
BITCOIN1 Satoshi 2015c4b57d010ed87829965f23480d94f324a0092021-09-27 12:47:00
BITCOIN1 Satoshi ab69046e5372e926fc42496ab099116f33bbed4e2021-09-27 12:47:00
BITCOIN1 Satoshi fb115135772b4fb618ec478534268cc9f08ad3002021-09-27 12:46:00
TRON57438 Satoshi ab69046e5372e926fc42496ab099116f33bbed4e2021-09-27 12:46:00
DOGECOIN48866 Satoshi ab69046e5372e926fc42496ab099116f33bbed4e2021-09-27 12:43:00
BITCOIN1 Satoshi 283643039af37cc625a374c8de5a3be3fa1e0f2e2021-09-27 12:43:00
ETHEREUM10 Satoshi ab69046e5372e926fc42496ab099116f33bbed4e2021-09-27 12:42:00
DOGECOIN61522 Satoshi 7ad43c598eb8bdd306ece74088497a406344a4fd2021-09-27 12:40:00
ETHEREUM13 Satoshi 66b649c47fd427512f1dba74e81a456fc06b98732021-09-27 12:40:00
TRON78422 Satoshi c31bab6690a737d34712d2d15526e57ec8573a522021-09-27 12:40:00

What Is Bitcoin?

Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority. Bitcoin is a type of cryptocurrency. There is no physical bitcoin, only balances kept on a public ledger that everyone has transparent access to. All bitcoin transactions are verified by a massive amount of computing power. Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity. Despite it not being legal tender in most parts of the world, bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as "BTC."

Understanding Bitcoin

The bitcoin system is a collection of computers (also referred to as "nodes" or "miners") that all run bitcoin's code and store its blockchain. Metaphorically, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all the computers running the blockchain have the same list of blocks and transactions, and can transparently see these new blocks being filled with new bitcoin transactions, no one can cheat the system. Anyone—whether they run a bitcoin "node" or not—can see these transactions occurring in real-time. To achieve a nefarious act, a bad actor would need to operate 51% of the computing power that makes up bitcoin. Bitcoin has around 10,000 nodes, as of June 2021, and this number is growing, making such an attack quite unlikely. But if an attack were to happen, bitcoin miners—the people who take part in the bitcoin network with their computers—would likely fork to a new blockchain, making the effort the bad actor put forth to achieve the attack a waste. Balances of bitcoin tokens are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address published to the world and to which others may send bitcoin. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize bitcoin transmissions. Bitcoin keys should not be confused with a bitcoin wallet, which is a physical or digital device that facilitates the trading of bitcoin and allows users to track ownership of coins. The term "wallet" is a bit misleading, as bitcoin's decentralized nature means it is never stored "in" a wallet, but rather decentrally on a blockchain.

Bitcoin Mining

Bitcoin mining is the process by which bitcoin is released into circulation. Generally, mining requires solving computationally difficult puzzles to discover a new block, which is added to the blockchain. Bitcoin mining adds and verifies transaction records across the network. Miners are rewarded with some bitcoin; the reward is halved every 210,000 blocks. The block reward was 50 new bitcoins in 2009. On May 11th, 2020, the third halving occurred, bringing the reward for each block discovery down to 6.25 bitcoins. A variety of hardware can be used to mine bitcoin. However, some yield higher rewards than others. Certain computer chips, called Application-Specific Integrated Circuits (ASIC), and more advanced processing units, like Graphic Processing Units (GPUs), can achieve more rewards. These elaborate mining processors are known as "mining rigs." One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, bitcoin could eventually be made divisible to even more decimal places.

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