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What is Crypto?

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.

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What is Crypto Faucet?

A crypto faucet is an app or a website that distributes small amounts of crypto rewards for completing easy tasks. They’re given the name "faucets" because the rewards are small, just like small drops of water dripping from a leaky faucet. However, in the case of crypto faucets, tiny amounts of free or earned cryptocurrency are sent to a user’s wallet. In order to get free crypto, users need to complete tasks as simple as viewing ads, watching product videos, completing quizzes, clicking links (be careful!) or completing a captcha. Crypto faucets are certainly not a get rich quick scheme. The simpler the task, the lesser the reward. Most websites offer a minimum payout threshold, so the rewards earned by completing tasks are deposited into an online wallet of the site. A user can withdraw this reward only after reaching the minimum set threshold. With the best crypto faucets, this might take just a day, but often, it can take longer than a week. But, what is the purpose of a crypto faucet? Though cryptocurrencies have had a great last year, they are yet not completely mainstream and are still new to many people around the world. The idea behind crypto faucets is to give free cryptocurrencies to people so they would take the time to learn about digital assets and hopefully invest in them.


Bitcoin (BTC)


Bitcoin is a digital currency and a decentralized peer-to-peer payment system introduced in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It is the first and most well-known cryptocurrency, often referred to as the "digital gold" or the "king" of cryptocurrencies. Bitcoin operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.




Tether (USDT)


Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across a blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across a blockchain.




Litecoin (LTC)


Litecoin is a popular cryptocurrency that was created in October 2011 by Charlie Lee, a former Google engineer. It is often referred to as the “silver” to Bitcoin’s “gold” because it was designed to complement Bitcoin rather than compete with it directly. Litecoin is built on a decentralized peer-to-peer network, similar to Bitcoin, and operates on a technology called blockchain. It utilizes cryptographic protocols to secure transactions and control the creation of new units. Like other cryptocurrencies, Litecoin enables users to send and receive digital currency directly without the need for intermediaries like banks. There are several key differences between Litecoin and Bitcoin.




Dogecoin (DOGE)


Dogecoin is a cryptocurrency that was created in December 2013 as a lighthearted and meme-inspired project. It started as a joke or a parody of cryptocurrencies but gained a significant following and community over time. Dogecoin takes its name from the popular “Doge” meme, which features the image of a Shiba Inu dog with captions written in broken English. Technically, Dogecoin is based on the same technology as Bitcoin and operates on a decentralized peer-to-peer network. It uses blockchain technology to secure transactions and maintain a public ledger. However, there are some key differences between Dogecoin and other cryptocurrencies.




Tron (TRX)


Tron (TRX) is a cryptocurrency and a decentralized blockchain platform that aims to build a decentralized digital content entertainment ecosystem. It was founded by Justin Sun, a prominent figure in the cryptocurrency industry, and was launched in 2017. The Tron platform aims to provide a decentralized infrastructure for the digital entertainment industry, including content creators, developers, and users. It seeks to eliminate intermediaries and enable direct interaction between content creators and consumers, allowing them to share and monetize content without relying on traditional centralized platforms. Tron utilizes blockchain technology to establish a transparent and secure environment for content sharing and distribution.




Binance (BNB)


Binance Coin (BNB) is a cryptocurrency created by the cryptocurrency exchange Binance. It was launched through an initial coin offering (ICO) in July 2017 and operates on the Binance Chain blockchain. BNB serves as the native cryptocurrency of the Binance ecosystem and is used for various purposes within the platform. Originally, BNB was primarily used to pay for trading fees on the Binance exchange. Users could use BNB to get discounts on trading fees, making it a convenient utility token for traders. Over time, Binance has expanded the use cases of BNB, and it now has several additional functions and applications.




Ethereum (ETH)


Ethereum (ETH) is a leading public blockchain network that introduced smart contracts, decentralized applications (dApps), and other decentralized solutions to the cryptocurrency industry. Check the Ethereum price page for more details on the current ETH value, trends, and price history. The Ethereum networks native cryptocurrency, Ether (ETH), serves as the primary cryptocurrency for powering applications built on top of its blockchain. Ether is the second-largest cryptocurrency by market capitalization, behind bitcoin (BTC).




Solana (SOL)


Solana is a high-performance blockchain platform designed to provide fast and scalable decentralized applications (DApps) and cryptocurrency solutions. It was developed by Solana Labs and launched in March 2020. Solana aims to address the scalability limitations faced by many existing blockchain networks, allowing for faster transaction speeds and lower fees. Solana utilizes a unique combination of technologies to achieve its high scalability. It employs a proof-of-history (PoH) consensus mechanism, which orders transactions and provides a verifiable historical record of events.




Bitcoin Cash (BCH)


Bitcoin Cash is a cryptocurrency, created from a hard fork from the Bitcoin blockchain in 2017. A hard fork is when a blockchain splits, with no compatibility between the two forks. This is a radical change to a networks protocol that makes previously invalid blocks and transactions valid, or vice versa. A hard fork requires all nodes or users to upgrade to the latest version of the protocol software. Bitcoin Cash is designed to be used as a cheap payment system, much in the way Bitcoin was designed to be originally. Transactions fees are generally less than $.01, and transaction confirmation times are significantly less than Bitcoin, generally within seconds.




Dashcoin (DASH)


Launched in 2014, the cryptocurrency Dash was originally known as Xcoin. After being rebranded as Darkcoin, it landed on its current name, Dash, in March 2015. When it was initially created, it was designed to ensure user privacy and anonymity. The cryptocurrency’s whitepaper, co-authored by Evan Duffield and Daniel Diaz, describes it as a privacy-centric cryptocurrency based on Bitcoin founder Satoshi Nakamoto’s work. While it still features strong encryption features, the company has since recast its ambitions. Dash now aims to become a medium for daily transactions as a digital currency that can be used as cash, credit card, or via PayPal. Dash is an open-source project which includes a decentralized payment network. In August 2021, Dash is the world’s 50th most valuable cryptocurrency by market capitalization ($2.6 billion).



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