How does Bitcoin work?
The bitcoin network is a global network of thousands of computers linked together by a general log of transactions called the “block chain” and governed by a uniform bitcoin protocol. When you start using bitcoin, you get full access to the block chain. This means that you can see all transactions that have ever taken place or ever will take place.
Many of you have asked us to what a bitcoin faucet, for a while, being so fashionable bitcoin they are surfacing long known as faucets. Faucet is an English word meaning "tap". It will give bitcoin for free.
Why give away the bitcoin faucet?
The faucet are pages that give bitcoin as a way to promote the use of this currency. The more people have bitcoins, more popular and more force will take as payment.
How is it possible ?, give away money?
Yes. They give away money, give away bitcoins. But it is only for new people have their first bitcoins and are encouraged to use this new currency called Bitcoin as payment. Actually they give away some money, and also the faucets have advertising pages, which with advertising revenues keep alive the faucet.
How much the bitcoin cost?
At first bitcoin was worth very little, a pizza worth 10,000 bitcoin ... .but was going up in value, even to the bitcoin worth 1000 euros. Currently worth about 300 euros bitcoin.
The faucet say they give Satoshis. No was giving bitcoin?
Yes. But as the bitcoin is as good, dividers used bitcoin.
1 miliBitcoin = 0.001 Bitcoins.
1 microBitcoin = 0.000001 Bitcoins.
1 Satoshi = 0.00000001 Bitcoins.
How I can earn satoshis from a faucet?
It is very easy to get satoshis a faucet. For example: http://lotofsatoshi.com
When you enter you will see a section to put your bitcoin address and an capcha. The capcha is to prevent satoshis will carry you a bot. The aim of the faucet is to donate satoshis people, not bots.
After wearing your bitcoin address and correctly filled the capcha, give the submit button and you, so easy is to earn bitcoins a faucet.
There are several types of faucet. As the bitcoin network is not readily accepts very small transfers, which do it is keep you satoshis saved in a temporary virtual wallet, and you transfer them automatically when you have accumulated that indicates purse.
When new bitcoins are created (now in a speed of 25 BTC about every 10 minutes) they get to miners as payment for the work they do managing the trustworthiness of the bitcoin commerces. After that, they can be purchased directly or "earned" through bitcoin faucets. Bring in take or to buy bitcoins, you will require a bitcoin wallet, that could be web- based or located on the hard disk of your pc.
You could get your bitcoin wallet to get a bitcoin address, that may be in the event that you'd like to receive bitcoins where the bitcoins will probably be sent.