Jack Dorsey’s Block revives Bitcoin faucet, launching new version on Monday
Crypto Briefing
Block is relaunching its Bitcoin faucet on Monday, allowing users to earn free satoshis, mirroring the original faucet's concept.Summary
Jack Dorsey’s Block is bringing back its Bitcoin faucet on April 6th, enabling users to collect satoshis for free, similar to the original version. The original Bitcoin faucet, created by Gavin Andresen in 2010, aimed to educate newcomers and promote Bitcoin adoption, once offering 5 BTC per address. Block currently holds a significant amount of Bitcoin—8,883 BTC, valued at approximately $594 million. This revival comes after Block underwent a major internal overhaul, reducing its workforce by 40% to focus on core Bitcoin initiatives and leverage AI-driven development. Block’s product line now includes Bitkey, a self-custody wallet, and Proto, Bitcoin mining systems, alongside Cash App.
(Source：Crypto Briefing)