What is a bitcoin faucet checker?

What is a bitcoin faucet checker?

Bitcoin - the new virtual currency

Before we start to talk about the advantages of bitcoins, let's begin to define what is an actual bitcoin and what its use.

A bitcoin is a virtual crypto currency that has no one in charge of it, it's for everyone and no one in the same time. It's not backed by any form of authority, which means its value consist only by the integrity of distributed network of accountability. Also, it is a form of money accepted by people for goods and services.

If you must compare this currency with something you can compare it with the world wide web, which is for everyone who can gain access to it, communicating with client computers and agreeing to a bunch of protocols.

Bitcoin was formed by an anonymous programmer or a group of programmers going by the name Satoshy Nakamoto.

Today many people and parties contribute to the overall value of bitcoin, helping to develop this form of currency more and more.

Bitcoins are anonymous and they are attached to an address, and then sent and received by digital wallets.

This system is very transparent and successful to everyone who wants to try earning bitcoins.

What Can I Do With a Bitcoin Faucet?

You can spend your bitcoins, you can trade them for actual money, it's another way of currency.

Of course you can't spend them on average stuff in the internet like Apple's iTunes or Amazon but you should know that it exists a directory of business that accept them. This directory has a list of businesses with a description for everyone of them and you can spend your valuable bitcoins in this manner.

The bitcoin wiki also maintains a list of exchanges and businesses that accept bitcoins.

Because it's such a new currency, one of the smallest units of the market, the price of a bitcoin it's not yet stable, but bitcoin.org said that more and more people are vending and begin to accept the currency. In this way the price should begin to stabilize.

Here an exemple of bitcoin faucet: http://mybitcoinearnings.blogspot.com

In conclusion, before you enter in this area you should do your research about this new currency, the bitcoin economy and pay attention to who and what you're doing business with and where are your money put at.

This market is volatile because it's been around for just 4 years but it will get better and surely it will be stable and ready to be successful.