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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 Ethereum Faucet?

Ethereum faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a gwei, which is a hundredth of a millionth ETH, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a ethereum, but the amount will typically fluctuate according to the value of ethereum.

Faucets are a great way to help introduce new people to ethereum, or to your favourite altcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

Sources: EthereumWikipediaYouTube




Recent Payouts

User Reward Date
159xHzPftAA5RKEewQxb1zs3chquGdevbY41 satoshi2022-01-28 10:41:25
1EF2nEW4ZpVd9dbLVUzfmNN58L2k9sHUrA41 satoshi2022-01-28 10:32:06
1EDXpeEPwdkbocx6NDnjiebwnp5Bagd5p241 satoshi2022-01-28 10:25:42
0x09486142BD6B5cDB53E52FD557f1Ac2899D385Ce41 satoshi2022-01-28 10:23:35
15c2ZcMDv9J8X7uj3qqQ7bRUyxb28Zw2RN41 satoshi2022-01-28 10:14:07
0xC2132E9671a57F90BF06F76B5cd9E0ee2a43142941 satoshi2022-01-28 10:04:08
1BwtcfViPGXi9FSLKL8xa4ey7DHeENhdkV41 satoshi2022-01-28 10:03:13
0x6731841a8324170B052aeB8A594646FB17530D7D41 satoshi2022-01-28 10:02:06
0x09486142BD6B5cDB53E52FD557f1Ac2899D385Ce41 satoshi2022-01-28 09:59:33
1CqadxUfiYYmnmnYfJiUmuxd5ezbw2M2c541 satoshi2022-01-28 09:56:15