How Faucet Works in Bitcoin

Introduced in 2009, by Satoshi Nakamoto, Bitcoin was not a common phenomenon in the market. People were not sure about what Bitcoin was and how to utilize them. In the early days, it was considered to be a technological history hidden in the depths of the world of internet and was an unknown to all.

faucetBitcoin was far off from the place where it is today until the introduction of the concept of Bitcoin faucetsby Gavin Anderson. Satoshi Nakamoto is indeed the mastermind behind this cryptocurrency but Gavin Anderson was the man who is responsible for all the popularity that Bitcoin has gained over the years.

So the question is “what exactly are faucet?” So, Bitcoin faucets are particular websites that reward users on the completion of captcha or certain simple activities. These activities range from signing up for newsletters, playing simple games or even watching simple ads. On the completion of the predetermined activities, the user is rewarded with 5 BTC. Did you know that one Satoshi is equivalent to one-hundred-millionth of Bitcoin (BTC)? That’s exciting, isn’t it?

The whole idea of Bitcoin Faucet was introduced to make the idea of Bitcoin reach millions and to gain popularity which did pay off.  This money gets transferred to an individual’s wallet or micro wallet and is easy and safe to carry out transactions.

Don’t believe me? Try it for yourself and enjoy the feeling of winning extra money without the need for any investment.

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