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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.

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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
0x3eF9930e87BF60405F07e0bDdd7F8feBE68d6cDB29 satoshi2021-08-03 21:56:17
0x8e6E5C726ce6201194910cB23F078DFcea9eA9A714 satoshi2021-08-03 04:05:08
0x8e6E5C726ce6201194910cB23F078DFcea9eA9A714 satoshi2021-08-02 20:45:24
0xD37F060A70Db05b3B17bf6F76b96b724006c051514 satoshi2021-08-02 19:32:10
13rjzt2XZhn4xvNGzrG8AYvurxKGDkhBJo14 satoshi2021-08-02 12:06:35
0x97c11428a7711cfd6a874e3d22e828745ebbadf814 satoshi2021-08-02 10:14:12
3Ba6nJP855EV7pycogrFzHepUEt8BFk4ML14 satoshi2021-08-01 20:28:46
0xD37F060A70Db05b3B17bf6F76b96b724006c051514 satoshi2021-08-01 20:01:53
0xB5b3512cBcBe5131e7ABb2Db180e48F9389ac05214 satoshi2021-08-01 19:59:25
0x97c11428a7711cfd6a874e3d22e828745ebbadf814 satoshi2021-08-01 19:55:58