I know most of us might have come across the word “Bitcoin” and may be wondering what it is all about and the use.
Well today,if that is what you are thinking,the you have come to the right place for I am going to tell you the definition,outline the uses and also share you sites which you can visit to get free bitcoin.
DEFINITION OF BITCOIN
According to Wikipedia, bitcoin is is a digital asset and a payment system invented by Satoshi Nakamoto. Nakamoto introduced the idea of bitcoin on 31 October 2008.
It is more or less a digital currency, many claim bitcoins from free bitcoin sites and sell them to others or companies.
USES OF BITCOIN
Bitcoins are created as a reward for payment processing work in which users offer their computing
power to verify and record
payments into a public ledger. This activity is called mining
and miners are rewarded with transaction fees and newly created bitcoins.
Bitcoins are used online/offline to buy/sell, bitcoins can be exchanged for other currencies, products, and services. When sending bitcoins, users can pay an optional transaction fee to the miners.
According to Wikipedia, in February 2015, the number of merchants accepting bitcoin for products and services passed 100,000.
TRUSTED SITES TO GET FREE BITCOIN
There are so many websites giving out free bitcoin, but these mentioned below are the trus ones.
This site provides users with free bitcoins, it gives users 306BTC free every hour. The more you bet the more your free bitcoin increases.
It provides users with free bitcoins too but in a diifferent way. It accumulates