Faucet Name	Timer	Minimum Prize	Maximum Prize	Average Prize
GoldsDay	10 min	150	500000	386

Faucet Name

Timer

Minimum Prize

Maximum Prize

Average Prize

DreamFaucet

10 min

125

50000

514

Faucet Name

Timer

Minimum Prize

Maximum Prize

Average Prize

BitcoinZebra

1 hour

100

3000

758

Faucet Name

Timer

Minimum Prize

Maximum Prize

Average Prize

CoinCollecting

10 min

66

999

457

Faucet Name

Timer

Minimum Prize

Maximum Prize

Average Prize

StarsBit

3 min

99

999

271

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 can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics. Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it. The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.