In June 2010, Gavin Andresen launched Bitcoin's first faucet, distributing 5 BTC to users who completed a CAPTCHA. This initiative resulted in a total giveaway of 19,700 BTC, which would be valued at over $2 billion today. The faucet was a pivotal moment in Bitcoin's early adoption, helping to distribute the cryptocurrency widely and increase its user base.
Bitcoin's First Faucet Gave Away 19,700 BTC in 2010
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
