FAQ

FAQ

What is Blockchain? Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary like a bank or credit union. What is Litecoin? Litecoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank What is a Litecoin Faucet? A Litecoin Faucet is a website that dispenses litoshi to visitors in exchange for completing a captcha. What is Bitcoin Cash? Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. What is a Bitcoin Cash Faucet? A Bitcoin Cash Faucet is a website that dispenses satoshi to visitors in exchange for completing a captcha. What is Dogecoin? Dogecoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. What is a Dogecoin Faucet? A Dogecoin Faucet is a website that dispenses dogetoshi to visitors in exchange for completing a captcha. What is Dash? Dash(formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that offers instant transactions (InstantSend), private transactions (PrivateSend) and token fungibility. It was rebranded from “Darkcoin” to “Dash” on March 25, 2015, a portmanteau of “Digital Cash.”…… Dash operates a decentralized governance and budgeting system, making it the first decentralized autonomous organization……. Dash uses a chained hashing algorithm called X11 for the proof-of-work. Instead of using the SHA-256 or scrypt it uses 11 rounds of different hashing functions. What is Dash Faucet? A Bitcoin Cash Faucet is a website that dispenses satoshi to visitors in exchange for completing a captcha. What is Bitcoin? Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. What is a Bitcoin Faucet? A Bitcoin Faucet is a website that dispenses satoshi to visitors in exchange for completing a captcha. What is Ethereum? Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed.”Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. What is a Ethereum Faucet? A Ethereum Faucet is a website that dispenses gwei to visitors in exchange for completing a captcha. What is a Microwallet? A Microwallet is an online cryptocurrency payment service(s) that provides a wallet for faucet users. It holds the accumulated amount of cryptocurrency each time you collect from a faucet. After accumulating a certain amount, the user can withdraw the currency to the wallet (Such as Coinbase). How do get started with CoinPot? Click the link at the top of the page! How do get started with Faucethub? Click the link at the top of the page! Check your Hashrate Click the link at the top of the page! What is Coinpot? CoinPot is a brand new cryptocurrency microwallet, designed to collect and combine faucet payouts and earnings from a number of different faucets/sources – such as Bonus Bitcoin. CoinPot supports multiple currencies: bitcoin, dogecoin, bitcoin cash, dash and litecoin. Withdrawal options include XAPO, Faucet Hub, Faucet System and direct to your wallet (such as coinbase) via the blockchain . (NOTE: Each of these options has different withdrawal thresholds and some may incur a withdrawal fee) Another benefit of CoinPot is… -Increased security – optional 2FA How does B1BS work? B1BS provides sources for you to obtain more cryptocurrency. Faucets, Mining, Games and more sources are available to you. B1BS Members can post and share their referrals all from one place. Members can also share and save their favorite links. How do you share favorite links? B1BS Members can share their favorite links by clicking on the “Tell a friend” or “Add to” right underneath the source you choose.