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Recent Payouts

User Reward Date
0x3288210Da07aDa9708442fB2Ba00858A566EB6EA20 satoshi2021-10-08 19:10:45
0x7ac220ca163b8546637096877f997268d15e76aa20 satoshi2021-10-08 17:38:47
0x565ced162fec765d0169abebec6927aadb4981ca20 satoshi2021-10-08 17:35:16
0x565ced162fec765d0169abebec6927aadb4981ca20 satoshi2021-10-08 17:18:59
0x565ced162fec765d0169abebec6927aadb4981ca20 satoshi2021-10-08 17:00:10
0x565ced162fec765d0169abebec6927aadb4981ca20 satoshi2021-10-08 16:45:25
0x188958188cfa0ca4bc80afbaff277a525a96b6df20 satoshi2021-10-08 16:41:17
0xd2f52fC6D292e2362017697e4e32FaEc22E512eb20 satoshi2021-10-08 16:40:21
0x188958188cfa0ca4bc80afbaff277a525a96b6df20 satoshi2021-10-08 16:37:41
0x188958188cfa0ca4bc80afbaff277a525a96b6df20 satoshi2021-10-08 16:35:58

What is Ethereum?

Ethereum is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Besides being created as a reward for mining, ethereum can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted ethereum as payment. Ethereum can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using ethereum.

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 satoshi, which is a hundredth of a millionth BTC, 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