What is Bitcoin Faucets?

What is Bitcoin Faucets?

Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.

Bitcoin faucets were developed by  Gavin Andresen  in 2010  read more at wikipedia  (Article: Who is Gavin Andresen ?)

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 Digitaly Encrypted Currency

Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins.

• Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services.

If you want to know more then check out this related articles:

• What is the Bitcoin Transactions? 
• source: http://theriseofthebitcoins.blogspot.com/2016/02/what-is-bitcoin-transaction.html

• How does the bitcoin network actually work?
• source: http://theriseofthebitcoins.blogspot.com/2016/02/how-does-bitcoin-network-actually-work.html

Who is Gavin Andresen?

Gavin Andresen (born Gavin Bell) is the Amherst, Massachusetts-based chief scientist at the Bitcoin Foundation. He has access to the alert key that allows him to broadcast messages about critical network problems to all clients.

After graduating from Princeton University in 1988, Andresen began his career working on 3D graphics software at Silicon Graphics Computer Systems. In 1996, he co-authored the VRML 2.0 specification, and later published a reference manual for VRML 2.0.

 

for more information and important details about Gavin Anderesen. source: https://en.wikipedia.org/

Bitcoin - Digitaly Encrypted Currency!

Bitcoin is the representation of a virtual digital currency. It has no physical form of coins or banknotes. It not based on a central authority. It’s not produced by any particular country. It’s not controlled by any particular bank. Its production, storage, handling and all transactions are exclusively made in electronic form. Bitcoin is a peer-to-peer payment system and a digital open source exchange.

Bitcoin is also called crypto-currency

As it uses cryptographic methods to create and manage and to confirm the validity of transactions. The idea of a distributed crypto-currency, partly proposed in 1998. In 2009 the Bitcoin made its first functional appearance with the release of the first open source client, and the creation of the corresponding Bitcoins.

The author of the publication and creator of the corresponding software remained anonymous, using the pseudonym Satoshi Nakamoto. The actual identity, or even whether it is an individual or a group, remains a mystery until today.

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RELATED ARTICLES:

• What is the Bitcoin Transactions?
• source: http://theriseofthebitcoins.blogspot.com/2016/02/what-is-bitcoin-transaction.html

• How does the bitcoin network actually work?
• source: http://theriseofthebitcoins.blogspot.com/2016/02/how-does-bitcoin-network-actually-work.html

• Bitcoin Transactions – The Scriptsig and Scriptpubkey
• source: http://theriseofthebitcoins.blogspot.com/2016/02/bitcoin-transactions-scriptsig-and.html

What is the CoinsPh?

What is the CoinsPh?

IN BRIEF

Founded in 2014, coins.ph makes money transfer frictionless and accessible to everyone through the use of mobile devices and Blockchain technology. Our mobile wallet empowers consumers and small businesses by giving them direct access to world class financial services. We're proud to be based in Manila, Philippines.

Coins.ph is the best way to send money, pay bills, and load your phone in the Philippines.

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For You
A better way to send money

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• Greater accountability / Unlike cash, every exchange conducted over the blockchain is recorded on a single, globally accessible ledger - providing an accurate, unmodifiable financial audit trail.
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• Spotlight on compliance / We take great care with KYC and AML. Since every transaction is electronically recorded, this allows for real-time, accurate analysis of transactions to prevent money laundering and other illicit activities.

 

Founded in 2014, coins.ph makes money transfer frictionless and accessible to everyone through the use of mobile devices and Blockchain technology.

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RELATED ARTICLES:

• What is the Bitcoin Transactions?
• source: http://theriseofthebitcoins.blogspot.com/2016/02/what-is-bitcoin-transaction.html

• How does the bitcoin network actually work?
• source: http://theriseofthebitcoins.blogspot.com/2016/02/how-does-bitcoin-network-actually-work.html

• Bitcoin Transactions – The Scriptsig and Scriptpubkey
• source: http://theriseofthebitcoins.blogspot.com/2016/02/bitcoin-transactions-scriptsig-and.html

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