What is a Crypto Faucet? - Crypto in Plain English - Episode 31 - by cryptohunt.it

What is a Crypto Faucet? - Crypto in Plain English - Episode 31 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we explain crypto faucets.

Crypto faucets are wallets that automatically give away small amounts of a token for free. You simply plug in your address and they'll send you some.

Sounds too good to be true? Well, there is a reason.

Most blockchains have transaction costs, so-called "gas fees". Those fees pay the people who run the infrastructure to validate transactions.

But when a blockchain is young, and getting a token through an exchange isn't easy, it's very hard to get started. Say you want to create a token, it will cost you gas fees you don't have. Or you want to create an NFT, same problem.

That's why many blockchains start out giving their currency to anyone who wants it. They put a little money in your pocket, so you can build on top of them.

On cryptohunt, we'll include public faucets so you don't have to stumble through the web to find them.

Now you know what faucets do. And next time we'll explain forks!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Avid listeners...

28 Joulu 20222min

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: I...

27 Joulu 20223min

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In...

26 Joulu 20222min

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In pla...

23 Joulu 20223min

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. A...

22 Joulu 20222min

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Th...

21 Joulu 20222min

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, in yet another episode...

20 Joulu 20222min

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? What’s worse - lying or simply not mentioning important facts? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you...

19 Joulu 20223min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
herrasmieshakkerit
rss-lahtijat
leadcast
rahapuhetta
rss-seuraava-potilas
ostan-asuntoja-podcast
inderespodi
rss-rahamania
rss-porssipuhetta
rss-laakispodi
rss-vaikuttavan-opettajan-vierella
rss-karon-grilli
rss-juurisyy-johtamisesta-kilpailuetua
rss-40-ajatusta-aanesta
rss-porssipodi
rss-johtoajatuksia