What is TRON?
TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX). It was established in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is originally an Ethereum-based ERC-20 token, which switched its protocol to its own blockchain in 2018.
What is TRON Faucet?
TRON faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a trtoshi, which is a hundredth of a millionth TRX, 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 tron, but the amount will typically fluctuate according to the value of tron.
Faucets are a great way to help introduce new people to tron, 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.