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Recent Payouts

User Reward Date
MTXUySKZnCUcJesPfWbo5VX26FveWpfT7s170 satoshi2021-12-03 12:58:16
MDKXat3Rqyo46aDchzyLZqP5KwGAW816Rs170 satoshi2021-12-03 12:58:16
MGntW7ZL6gRvTNg5sSDoED5nYca9nvs6Sj170 satoshi2021-12-03 12:57:41
TMsDdTtjNnS5TZTAuNwKrn7jkS3u89C5Sx170 satoshi2021-12-03 12:57:31
MCa5TPJ7iLzbHdKDRCx3EUgbeKfY78u3cY170 satoshi2021-12-03 12:56:23
MTdg1uF5zDZu4JWGeGHf2SfqzGRQwwZBoH170 satoshi2021-12-03 12:56:14
LVufpyxZrtmQRGidgu2HnygSLbtUB4f8F4170 satoshi2021-12-03 12:55:20
ltc1qqt3hv7tzzwfffj87qga5s00jjuaatfkxm3en7q170 satoshi2021-12-03 12:54:44
MAxvqP6DpxKoHherCHsyTA1f9D9t1uStgG170 satoshi2021-12-03 12:54:23
M8xSouZA14rGdsXqQUr12iSyFZVbftoF29170 satoshi2021-12-03 12:54:12

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater number of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.

What is Litecoin Faucet?

Litecoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a litoshi, which is a hundredth of a millionth LTC, 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 litecoin, but the amount will typically fluctuate according to the value of litecoin.

Faucets are a great way to help introduce new people to litecoin, 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.