A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.
Today, there are over 200 digital currencies in existence. Entry into the marketplace is undertaken by so many due to the low cost of entry and opportunity for profit. A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. "decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
What is a Cryptocoin Faucet?
It is a site, that gives away cryptocoins to anyone, that just gives their address. It aims at helping people new to the coin and get their first coins.
Some faucets are funded by donations. Most are funded by Ads.
None of them will give you more than a token amount of cryptocoins, maybe the equivalent of 1/2 penny per day.
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