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Recent Payouts

User Reward Date
1ABuLfzga4BgHLq336yKWyV5695VP6j5RY7 satoshi2021-10-25 07:21:34
0xa1E7707a4aAF9225bc087A431fdb4ae7C8c201317 satoshi2021-10-25 07:21:31
0xA8e6A71EabF845399A52a241a77ab915E13E91287 satoshi2021-10-25 07:21:05
qrsgexugkq8tz65gn5m9phsj97mgnje96c3j03jnl57 satoshi2021-10-25 07:20:04
0x7e637Aa717BC77fA2e05376A166CeC08955109547 satoshi2021-10-25 07:19:58
1Pd1MdqrMEYdwxjV5FjJpwm66vVABhDy687 satoshi2021-10-25 07:19:57
DDjnkA2Woss7CdL7HX9yPAWLDLNLJqH9r47 satoshi2021-10-25 07:19:44
175jboFHhj4TdWWhziYi2hxs2FZC4Gj6CG7 satoshi2021-10-25 07:19:39
qzfa95tzw0q2kgcr5acpau7cxwmzfrt04547wrrxdm7 satoshi2021-10-25 07:19:26
0x6bfCA163e78856aD4d26CE6d24C15a7E8743EF237 satoshi2021-10-25 07:18:59

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.