Cryptocurrencies:Need to know about faucets also????
Do you know that What is cryptocurrency faucet?
The name ‘faucet’ literally means a tap, like the ones you have for your kitchen and bathroom sinks.Following this same metaphor, the small amount of coins that users are able to claim from the site are often called ‘drops’.
A faucet is the name given to any website or app which gives away free coins. There are many bitcoin faucets on the net, as well as many similar service for other coins.
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The main purpose of these sites is to provide a small amount of free coin to new users, so that they can try it out without needing to buy any. This is considered important because using digital currency is a very new, different, and sometimes intimidating experience for many users. There is also no authority to appeal to in order to correct your mistakes if you do something wrong. Some people may therefore be put off using the technology if they were forced to spend money without having first gained confidence in its use. In the early days of Bitcoin, most faucets were created as a public service by enthusiasts who wanted to encourage others to use Bitcoin.
https://steemit.com/e/@coolbuddy/what-is-cryptocurrency-do-you-want-to-know-2017721t191621556z
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