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What is Bitcoin?
With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.
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5 satoshi (50%)
10 satoshi (20%)
15 satoshi (30%)
5 satoshi (50%)
10 satoshi (20%)
15 satoshi (30%)
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Sponsors for free Bitcoins
Many people new to Bitcoin are curious about how to get some. Bitcoin faucets, places where bitcoins are given away for free, have been a part of spreading Bitcoin since the earliest days. But one problem is running out of bitcoins to give! That is why we have figured out a sustainable way to give away free bitcoins with sponsors.
Why bitcoins have value?
Bitcoins are created by "mining", a highly competitive and decentralized process, which means that the network rewards participants for their services. The "miners" use specialized hardware to process transactions and secure the network.
Their main aim is to collect new bitcoins in exchange for their services like bitcoin trading, for example. Bitcoin protocol is wisely made and new bitcoins are made at a fixed rate. That is why Bitcoin mining is a highly competitive business. The more miners come to the network, the more difficult is to make profit, so miners have to reduce their operation costs. Nobody can control or manipulate the Bitcoin system.