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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
MThcgxjaaijEGeUGT2wwzEqE3jasrMo84X14 satoshi2021-07-31 02:21:10
0x3cd5a8c734db461a6f6a9271d01f28d71062355848 satoshi2021-07-31 02:19:34
MThcgxjaaijEGeUGT2wwzEqE3jasrMo84X14 satoshi2021-07-31 02:08:33
1Hm6zYG4oiyJNMLXqLpAdYCHCdPT6yyXSn14 satoshi2021-07-30 16:34:08
0xC598E4eeeF3e06dfdd1a90f7d4c4D067049D682014 satoshi2021-07-30 10:33:13
1Hm6zYG4oiyJNMLXqLpAdYCHCdPT6yyXSn14 satoshi2021-07-30 08:18:12
0xC598E4eeeF3e06dfdd1a90f7d4c4D067049D682029 satoshi2021-07-29 15:14:30
0x3B9d7c2EE0f8cF47C6092889F5212d7eb88753d648 satoshi2021-07-29 06:05:52
0x9C1bc9A6BfD345e5Aa706cFb8Ddc12fe85475EC614 satoshi2021-07-28 20:37:28
0x0F0B6Ae22460C3bcB60E75cf8178b0078a4C71a814 satoshi2021-07-28 14:54:32