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Recent Payouts

User Reward Date
0xd770c1eb24b2212ce80e90854920633c6185cc327 satoshi2021-10-25 20:42:25
0xdf38Bd09018ec50e9cfdbe491E5809f23f7b3ac47 satoshi2021-10-25 20:41:49
0xa2B1b3146Ba0d95d3c94722a30896447a86e54267 satoshi2021-10-25 20:41:36
0x37F4Df83579f1B654735C11DC69794b6E56768fe7 satoshi2021-10-25 20:41:28
0x740c1b5D95BA7FF4aFFeaFce7655F9c7AEC927417 satoshi2021-10-25 20:40:50
0x73BEfa4d566B9A3C34504DfCF88b6F464B05D2A17 satoshi2021-10-25 20:40:35
0x5151029b41c4217Dca545bB20c5dcb721861E5787 satoshi2021-10-25 20:40:29
0x25E05465F8B8b1e363a9D61F5d08845E6f9DCd757 satoshi2021-10-25 20:38:39
0x514A7FF9B9ae5d8776a227098fDB19Ad6c57f6817 satoshi2021-10-25 20:37:57
0xfA33F19e30CB154949417386f9A36840E7D814077 satoshi2021-10-25 20:37:28

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 dogecoin, 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.



WHAT IS BLOCKCHAIN?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participants ledger.

The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain. Blockchains such as Bitcoin and Ethereum are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger.