Bitcoin

What is bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

SATOSHI/BITS - What is a Satoshi?A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. Use the Converter to find out how much your balance is worth!. http://preev.com/btc/usd

1 Satoshi = 0.00000001

10 Satoshi = 0.00000010 

100 Satoshi = 0.00000100 = 1 Bit

1,000 Satoshi = 0.00001000 =10Bit

10,000 Satoshi = 0.00010000 =100Bit = 

100,000 Satoshi = 0.00100000 = 1 mBTC

1,000,000 Satoshi = 0.01000000 

10,000,000 Satoshi = 0.10000000 

100,000,000 Satoshi = 1.00000000 BTC

Faucets - is the one that give you some free bits, bitcoins or satoshi. There are so many faucets in the internet that gives free bitcoins just by entering/solving some captha or playing some games. You will need a bitcoin address to get some bits to those faucets and you can have bitcoin address if you have a bitcoin wallet. 

Faucetbox - is some kind of box where allows you to store & collect your coins, some says that some faucets didn't pay the said coins that they get after doing some task but the truth is some faucets can't transfer the said about directly to the owners wallet because there is a transferring cost so what they do is to store it in your Faucetbox until you reach the payout threshold which the minimum amount is 0.00013000 bits and when the time you reach the said amount they will automatically transfer it your wallet within 48 hours of processing.

faucebox.com

register here if you want to have a bitcoin wallet