FAQ – About Bitcoin

What is Bitcoin?

Bitcoin is a digital currency where encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. The system on which Bitcoin relies operates independently of a central bank. It’s a decentralized peer-to-peer payment network powered by its users with no central authority or middlemen. To simplify, from a user perspective, Bitcoin is like cash for the Internet.

What is a Satoshi?

A Satoshi (in honor of Satoshi Nakamoto, the inventor of Bitcoin) is the smallest fraction of a Bitcoin that can currently be sent. 1 Satoshi equals 0.00000001 BTC, that is, a hundredth of a millionth BTC.

What is a faucet?

A faucet is a website that gives free bitcoins as reward for doing a simple task, such as clicking on an ad, solving a CAPTCHA or viewing a page for a certain time.

Why should I invest in Bitcoin?

Bitcoin is a great investment opportunity. Someone says that investing in Bitcoin is like investing in gold because it is portable, divisible, durable and, because of how it is generated, there will be a limited supply of it. So its value should increase over time like gold’s value. If you use our site you can get your first free bitcoins and you will then see their value increasing, if such prediction is correct.

And please remember that investing in Bitcoin may also led to  losses. So, if you’re thinking to invest your “traditional” money in Bitcoin don’t invest more than you can afford to lose.

 
 
 
 

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