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Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009.The system is peer-to-peer and transactions take place between users directly, without an intermediary.:4 These transactions are verified by network nodes and recorded in a public distributed ledger called the block chain, which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existednd it is more correctly described as the first decentralized digital currency. Bitcoin is the largest of its kind in terms of total market value. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger. This activity is called mining and miners are rewarded with transaction fees and newly created bitcoins. Besides being obtained by mining, bitcoins can be exchanged for other currencies, products, and services. When sending bitcoins, users can pay an optional transaction fee to the miners. In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000. Instead of 2–3% typically imposed by credit card processors, merchants accepting bitcoins often pay fees in the range from 0% to less than 2%.[28] Despite the fourfold increase in the number of merchants accepting bitcoin in 2014, the cryptocurrency did not have much momentum in retail transactions. The European Banking Authority and other sources:11 have warned that bitcoin users are not protected by refund rights or chargebacks. The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and media. Criminal activities are primarily centered around darknet markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services.

How i can use bitcoin faucet?? ____________________________ It's so easy Using a bitcoin faucet is very simple. Once you visit the faucet webpage, you have to enter your bitcoin wallet address . A timer will start counting the amount of time you spend on the site. Once you spend a certain amount of time on the site, you can claim your reward by clicking the “Claim Now” or similar button. You will have to prove that you are a human by filling in a Captcha or by solving a simple mathematical problem, (this prevents any automated script from claiming rewards at regular intervals). That is it…! You have claimed your reward. Your reward will be credited either immediately or on a designated weekly payout day to your wallet. Typically, faucets have a minimum time interval limit between claims by each visitor, in order to prevent one person from claiming all the available bitcoin from faucet’s wallet. This duration varies from 5 minutes to 24 hours, depending upon the faucet.

BITCOIN WALLETS _____________________________ The Bitcoin wallets also called e-Wallets, like a bank, but much safer, serves to keep our bitcoins. You can only be accessed through a unique key, a cryptographic code. Here are the most used and known purses: _Coinbase , With a fairly friendly design and support of a serious company, this purse is today one of the most popular. Their only disadvantage is that Coinbase has partial control over the funds and is not available globally. _ Blockchain another quite popular wallet and one of the oldest in operation.{Suggested wallet}