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Recent Payouts

User Reward Date
M7zygQhAuezkQMaaxHS6E4wVetukfqBFi6191 satoshi2021-09-17 11:23:50
1AZgNSEAqcwspH6mxYN1UaCaSmfyDH1Szv191 satoshi2021-09-17 11:23:43
MEghodkiYWcfrVQ3jgN74rSyQ1nERuQehe191 satoshi2021-09-17 11:23:35
MVYY54QK93ftuFxX2heek5mTmVWBQLaNiJ191 satoshi2021-09-17 11:23:31
MLZQaCjLMNfJdUBgU3AM8rsqSxaE4FBXP5191 satoshi2021-09-17 11:23:18
M8rmqPaALSqbHW7U2TUtdLkDCr2LwxGVXz191 satoshi2021-09-17 11:23:09
LQGKHPVMrCjUDQeryZdDDE94C4Zr2WpWLU191 satoshi2021-09-17 11:23:09
LXz4vQjaEeAJxKyq6KWU7nsi3xMRKuYaFf191 satoshi2021-09-17 11:22:37
MPmxzMTzS5SbVWu5KkkQ4jcEYSVrzhNuT6191 satoshi2021-09-17 11:22:35
Le4b32vXqTjKB7D7TyhLERDdJxdA4BByso191 satoshi2021-09-17 11:22:33

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.