If you search the word Bitcoin Faucet on google or other search engine we know it's simply a reward system.The difference being that Satoshi are leaked in stead of water now at this point, what is Satoshi and it's a smallest unit of Bitcoin. just like a dollar can be divided into 100 pennies one bitcoin can be divided into 100 millions satoshi's now moving on let's get a little technical bitcoin faucets are simply websites network or programs. that offer users small amounts of Bitcoin each time they carry out different tasks and these tasks can range from viewing advertisements solving captchas even playing games and just other tiny small tasks the number of satoshi given to the users is usually very small and tiny. however, just like that analogy earlier a leaking kitchen faucet that's left on for months these Satoshis can add up over time moving on let's talk about the history of bitcoin faucets. because a year after the launch of bitcoin the very first bitcoin faucet was launched self-titled this Bitcoin faucet, which is currently one of the highest paying faucets out there was launched at a time. when the coin was not only worthless but also unknown in fact nobody used it given andreessen founder of Bitcoin faucet was one of the very few people to see potential in bitcoin and cryptocurrencies in general and because he was amazed by the idea of a decentralized self-governing encrypted virtual currency, he knew bitcoin would go somewhere and he had no intention of developing. one of the highest paying faucets but there was zero competition at the time of this launch Bitcoin faucet rewarded users, with five Bitcoin each time they took part in certain activities like viewing, advertisements, learning about the digital currency and even just playing games now with Bitcoin worth over 47 000 we can say that the people. who took part in those tasks were offered more than 236 thousand dollars to carry out simple tasks however at the time thay may have been only worth tenths of a penny.

Purpose of Bitcoin faucet

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Well the main purpose is to get people excited about Bitcoin and to spread the currency as the price of Bitcoin and other cryptocurrencies continue to soar a couple of years. after the initial launch a ton of these different faucets have been developed to offer you different rewards, in the form of satoshis each time that a task is completed.

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