What is Bitcoin?
Bitcoin is an open-source software payment system introduced as in 2009 by an anynimous developer calling himself Satoshi Nakamoto. The payments in the system are recorded in a public ledger called the blockchain using its own unit of account also called Bitcoin. Payments work peer-to-peer without a central repository or single administrator and this is precisely the reason Bitcoin is called a decentralized virtual crypto currency. Bitcoin is considered as the first decentralized digital currency and it is also the largest of its kind in terms of total market value.
What is a Bitcoin Faucet?
A Bitcoin faucet is a website that offer its users small amounts of Bitcoins absolutely free. Normally you have to just enter your Bitcoin address and a complete a captcha (to prevent bots) and you are getting paid some satoshi (fractions of a Bitcoin) indirectly via a micropayment service or directly to your Bitcoin wallet.