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Bitcoins is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. Payments work peer-to-peer without a central repository or single administrator.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger.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. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. Bitcoins can be stolen and chargebacks are impossible. A Faucet gaves people free bitcoin. You can win bitcoin at a bitcoin faucet by solving things.