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Recent Payouts

User Reward Date
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d28 satoshi2022-08-16 11:01:27
0x5d4dd35dde5b92df79b48fee4abc2a0edff2546f17 satoshi2022-08-16 10:53:24
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d16 satoshi2022-08-16 10:46:44
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d25 satoshi2022-08-16 10:35:03
0x133EeD33140ae045367DC984eB17aA5BDAFA350528 satoshi2022-08-16 10:30:01
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d23 satoshi2022-08-16 10:23:58
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d21 satoshi2022-08-16 10:05:28
0xDbADCFe13b4c834C510976cBf51eb4404538d0cd26 satoshi2022-08-16 09:54:20
0x809280Bc4cE5EB1f2c9Cb2511ee5C5dc95fd908d28 satoshi2022-08-16 09:39:44
0x133EeD33140ae045367DC984eB17aA5BDAFA350518 satoshi2022-08-16 09:28:28
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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: Wikipedia, YouTube