The bitcoin faucet is the latest fad in the world of the technically advanced souls. When every process now requires the intervention of the internet and network to realize successful completion, the most dominant concept running the modern governments and monetary systems are the money transactions. Every facility and product available in the market is created with the sole purpose of exploiting the demand to generate profit. This means the manufacturers tend to identify the needs, interests, and requirements of the current generation and develop products that come with high anticipation and possibility to be purchased by the consumers. Once purchased, the products provide service and ease of work to the consumer and profit to the manufacturer. The money transaction required to complete the interaction between two parties serves as the last connection point in an active commercial relationship.
The Bitcoin software
Like actual money, one can maintain his or her bitcoin balance in a wallet, which is software either installed on one’s desktop or online. The biggest catch of bitcoin faucet concept was that the transactions involving bitcoins can be carried out with complete, full proof and untraceable anonymity. The sender, the receiver and the details associated with the transaction is unavailable and not required by the software to complete a successful transaction. Those who seek bitcoin transactions should simply know the wallet address of the person they need to send bitcoins to and that’s it. The only detail which is available publicly is the transaction amount which is available in a public registry which is used to ensure that double spending of the bitcoins is not possible.