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Recent Payouts

User Reward Date
qqkdg0u3l98utxl6ufql3y0wn5vxvkuhjvcc29q3gw132 litoshi2021-09-27 10:27:41
MGaXpQscu2wmz9RESgqQBoux11vTVW9RST132 litoshi2021-09-27 10:26:01
TV8uUfjtgSb58HjhgG7KQqjaZX4dmHsHys132 litoshi2021-09-27 10:24:05
1EyLL9gd7S3HHbwXXAtoh71Afd9qAfSLSo132 litoshi2021-09-27 10:10:20
0xf03de5F819D8647E1B0ddA13b78E524C4917eCBC154 litoshi2021-09-27 10:10:08
MP2x5sBfafN135FrtrjGpD75NpD25C4Ah7132 litoshi2021-09-27 09:55:02
MT3SWDfubr9dBta1F2Lotc6zHaxLtFboiD132 litoshi2021-09-27 09:53:11
1EyLL9gd7S3HHbwXXAtoh71Afd9qAfSLSo132 litoshi2021-09-27 09:50:42
MFb8cjoSiVeVfUNH71qBCwnTbvpzcdtTLK154 litoshi2021-09-27 09:47:13
TFLY8EjYPVTXMUAwfjqrYABeJ941qf6mZm132 litoshi2021-09-27 09:42:29

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater number of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.

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 litoshi, which is a hundredth of a millionth LTC, 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.

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