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Recent Payouts

User Reward Date
0xadc0cBde18b9eeDd36d5490109Eb282DBA0B74517 satoshi2021-10-25 20:01:11
0x00c8a6325ade9e050cc1401374fe961a40438a737 satoshi2021-10-25 20:00:30
0x4B3EA09F361225e3dc55a7390042B8FEB6AA2aFB7 satoshi2021-10-25 19:59:11
0xDD08fc656d7663aCfCc315332B6302e06101fB727 satoshi2021-10-25 19:58:51
0xB70CAc64785eDb05D6322DbBaDA37530a9d74E597 satoshi2021-10-25 19:58:45
0x264D9f0F974Ed2d62BE2f00AA51f30E2221131D67 satoshi2021-10-25 19:58:41
0x78Df5B902c5DFeaa5dea3176D741d6fc23c256b87 satoshi2021-10-25 19:57:18
0x969842C7e58552dF33F92fB0D07EAE792A8A595a7 satoshi2021-10-25 19:57:14
0x1Be0dCe1E02b6e1Ed8E7F6F0151C340aA88a961E7 satoshi2021-10-25 19:56:26
0x235144a572c85dD0C35eFB4ae78a1b9C378f71f67 satoshi2021-10-25 19:56:12

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.