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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
0x5889bd4aaaf6b5ace01ff2fcb01691ec7eb928ee35 satoshi2022-04-30 02:25:23
0xfe3381332cA4d97F74bF536a2e4eAEE56b51C06835 satoshi2022-04-29 22:27:32
0xB7d905986504C89c88daa53f6F01C7911C709AdE35 satoshi2022-04-29 19:47:55
0x873A552FA42BBfcC93469AC7D68d7Ea78DF03c6c35 satoshi2022-04-29 15:24:00
TGAcHb6RQWNfGLp1jMyt4wCvCHzGVBgN6Y34 satoshi2022-04-29 14:20:59
0xE29BAa314Cc84b8EE1a6722E0DD5B5a407b8A33035 satoshi2022-04-29 10:54:20
0x9669d2ca7806fefa89000a8325330105c3ecdded32 satoshi2022-04-21 08:57:10
0x9669d2ca7806fefa89000a8325330105c3ecdded32 satoshi2022-04-21 08:43:51
0xC2132E9671a57F90BF06F76B5cd9E0ee2a43142932 satoshi2022-04-21 07:50:54
0x08927505773a28D770EF902eb241a6503126b57232 satoshi2022-04-21 07:21:21