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MVr9RzhvoHh8y1PLe3TN5a1kd85mkbg7zW450 satoshi2021-10-10 00:44:55
MNfW8jumzeC4jJTxK6mEQcbEUxhWYHBZDY450 satoshi2021-10-10 00:07:02
MHmYfsyvdYJycSRDP122B9dHPd5j4e6XGf450 satoshi2021-10-09 19:50:07
MHmYfsyvdYJycSRDP122B9dHPd5j4e6XGf450 satoshi2021-10-09 18:30:14
MVzomKbLF8sB85HtxntjA6o1Mh9qkYnWSm450 satoshi2021-10-09 17:37:36
MW5J8x3UcLk5WnpF8b9QZ1U3QpTYVbPxsS450 satoshi2021-10-09 16:27:46
MW5J8x3UcLk5WnpF8b9QZ1U3QpTYVbPxsS450 satoshi2021-10-09 13:20:54
LTiQZpE4SaTzUSs49QvwEJjjzo3dYMDkyi450 satoshi2021-10-09 09:52:56
MFSsc4kg6Q8GkpE6yPkY8nEunpYCd4y2Zx450 satoshi2021-10-09 08:31:28
MQ6B2vsxJPcALAmmicD7DZuvqyY2bxS4aW450 satoshi2021-10-09 08:06:20

What is Litecoin ?

Litecoin 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, Litecoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted Litecoin as payment. Litecoin 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 Litecoin.

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 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 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.

Sources: Wikipedia, YouTube