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What is Cryptocurrency?

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

What is Bitcoin?

Bitcoin, first released as open-source software in 2009, is generally considered the first and most popular decentralized cryptocurrency. Since the release of bitcoin, over 6,000 altcoins (other cryptocurrencies) have been created.

What is Samurai BTC Faucet?

Samurai BTC Faucet is a bitcoin faucet which is a reward system that dispenses rewards in the form of a satoshi (a hundredth of a millionth BTC) for visitors to claim in exchange for completing a captcha or task as described by the website. The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010.