What are faucets?
Cryptocoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, 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.
This faucet is a website that collects dashcoins from contributors, then redistribute those bit-by-bit to users who ask for a share. The main purpose is to help people who have no, or few, getting some free dogecoins to begin.
What is Dash coin?
Dash is an open-source project that delivers safe decentralized financial solutions. Dash is like digital cash, which can be spent easily and instantly online and at merchants and service providers worldwide. Dash has a market cap of $51 million, over 15,000 users, and half a million dollars is moved over the network every 24 hours. Dash has a revolutionary governance and funding infrastructure over a decentralized framework and uses nearly 4000 masternodes to verify transactions.
Dash InstantSend fully confirms payments in 1-4 seconds and uses the second-tier masternode network to lock a transaction. This makes Dash perfect for retail adoption and direct payments – it works like a decentralized digital cash.
Dash protects personal spending habits and business trade secrets with system of decentralized mixing called PrivateSend. PrivateSend keeps your transactions private and fungible.
Dash utilizes an innovative two-tier network. The second tier, comprised of masternodes, enables additional features such as instant transactions, private transactions, and decentralized governance and budgeting.Dash has a decentralized system to govern and fund its future development. Projects can be proposed by anyone, the community discusses their merits and finally masternode owners vote on whether or not to approve and pay for the project proposal. If successful, the project is paid directly from the blockchain.