3 ways to earn Ethereum – best Ethereum faucet 2019

Before getting into (3 best ways to earn Ethereum – best Ethereum faucet 2018). First, understand Ethereum and how does it work?

What is Ethereum?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.

A smart contract is just a phrase used to describe a computer code that can facilitate the exchange of money, content, property, shares, or anything of value.

When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met.

Like Bitcoin, Ethereum is also a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ in purpose and capability.

Bitcoin offers one particular application of blockchain technology, kind of peer to peer digital cash that enables online Bitcoin payments.

While the Bitcoin blockchain is used to track ownership of Bitcoin, the Ethereum blockchain focuses on running the programming code of any decentralized application.

In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a stable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.

Ethereum was founded by Vitalik Buterin, a cryptocurrency researcher, and programmer

Due to the Ethereum features and its potential to change the world forever, it has caught everyone’s attention including corporations like Microsoft, Mastercard, BP, National Bank of Canada, Intel, Samsung, Toyota, Cisco, and other market giants.

In 2016 a decentralized autonomous organization called The DAO, a set of smart contracts developed on the platform, raised a record US$150 million in a crowd sale to fund the project, just to have almost a third stolen by a hacker. The event shook the online community, leading to a huge price drop.

Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC).

Since then Ethereum has maintained a good growth rate.

Ethereum Classic (ETC) also able to hold its own in the altcoin exchange market (ranked 23rd with a price of around $6)

Check the live stats of ETC

After the Hard Fork related to The DAO, Ethereum subsequently forked twice in the fourth quarter of 2016 to deal with other attacks hence they increased their DDoS security to prevent any future hacks.

These are some specific Benefits of Ethereum blockchain

A third party cannot make any changes to data.

Apps are based on a network formed around the principle of consensus, making censorship impossible.

With no central point of failure and secured using cryptography, applications are well protected against hacking attacks and fraudulent activities.

Apps never go down and can never be switched off.

But every Cryptocurrency has it’s own downside so does Ethereum.

Because smart contract code is written by humans, smart contracts are only as good as the people who write them. Code bugs can lead to adverse results. If a mistake in the code gets exploited, there is no efficient way in which an attack or exploitation can be stopped other than obtaining a network consensus and rewriting the underlying code.

At the time of writing this article, Ethereum trading volume is second at altcoin trading platforms with a price hovering around 190$.

Check the real-time market data of Ethereum

Having said that acquiring a part of Ether can prove to be a hefty amount. On top of this, Ethereum is a stable cryptocurrency with a lot of real-world uses.

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What is Ethereum faucet?

Ethereum faucet is one of the easiest ways to earn Ethereum free i.e. (without spending a penny).

Ethereum faucet is a website which rewards a fraction of Ether coin in terms of ‘Gwei’ smallest unit of Ethereum (1 Ethereum = 10000000 gwei) for visiting their web page and solving a captcha.

Ethereum faucet generally makes money by publishing the ads on their website or by mining Ethereum.

It is effortless to claim from Ethereum faucets. Visit the faucet by clicking on the link of faucet enter your public Ethereum wallet address

Then search the option of claiming, well before claiming there will be an option to solve the captcha.

Solve that captcha, click on the claim, instantly you will get Ethereum free in your Ethereum wallet address.

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There is a restriction on the number of times a user can claim from the Ethereum Faucet.

It can be 5 minutes, 10 minutes, 15 minutes, 30 minutes, 60 minutes, etc.

Each faucet allows a user to claim again after the completion of that fixed time gap.

To obtain a considerable amount of Ethereum from the list of best Ethereum faucet try to claim in your spare time.

Consistency plays a big part in earning Ethereum from the cryptocurrency faucets

If you consistently claim 10 to 20 times per day. You can easily accumulate a substantial amount of Ethereum in a matter of a few months

Be aware, In starting your earning can look small but it will grow by time.

All below listed 6 best Ethereum faucets to earn Ethereum daily is legit, time-tested, and paying their members since their launch.

There are no irritating pop-up ads on these Ethereum faucets with a user-friendly interface.

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Microwallet –

Micro wallet or micropayment service is a website which accumulates your earned Cryptocurrency.

It stores Ethereum and other popular cryptocurrencies

Microwallet also helps in minimizing the transactions fee paid to miners and also protect you from scam faucets.

The Ethereum faucet which uses the micropayment service is instant paying and your earning will directly transfer to wallet address attached to the micropayment service.

It also displays the stats of each faucet and delisted any non-paying faucet or scam faucet.

CoinPot is the best micro wallet service provider at the time of writing this post

Note – Faucethub has discontinued their services from 10th December 2019