A magnet link is a unique open standard file generated from a hash. With this (almost) unique hash you can safely download without locations.
Yes, it is completely free to generate a magnet link. Go to HashToMagnet.com and generate your free unique Hash value for a magnet link here.
You can easily generate a hash with a magnet link on the website of Hash to Magnet. An example of this magnet link will look like this:
A magnet download link will work as follows. The link is generated with a unique hash in combination with various trackers where ultimately, for example, your video / image or game is on a server. When a peer-to-peer user wants to download a torrent, the hash / magnet link will be able to retrieve the data anonymously.
Yes, it is certainly possible to generate magnet links for torrents. This is quite simple, enter your unique hash and the title of your client and generate.
Yes, a hash to magnet link works for all peer-to-peer networks like BitTorrent (torrents) and newsgroups.