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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
0x52e4a28afeba3d645d2ebbc95b042ccfa8c85ff531 satoshi2021-09-20 08:58:42
0xCbD69505f76ea015AdaDD4c17162a4CB27E4b49729 satoshi2021-09-19 10:59:42
0xCbD69505f76ea015AdaDD4c17162a4CB27E4b49729 satoshi2021-09-19 10:11:12
0x15ae17ebfde6c55f71391a14242eaf190e29244128 satoshi2021-09-19 08:49:11
0xcf36Bd2652AC430c1e5aBB7F0661B0bEDaeD082329 satoshi2021-09-19 01:59:41
0x04F8A96bebD300418609051122E457b5Dc16e65D29 satoshi2021-09-18 20:07:04
0x314f8f889da3b546112a9cb7daa61ddf7033ea6128 satoshi2021-09-18 13:48:03
0x0e8D4CeE9002b5068118cdD56F46850B811B3bdd28 satoshi2021-09-18 12:37:02
0xD68DF4d0D4C5Ed1D413FeaAB6E0C9c10920dfb0628 satoshi2021-09-18 10:47:52
0xef83c6e79e2077733c0406e8e748637ae9f0938228 satoshi2021-09-18 10:38:35