Bitcore (BTX) is a new cryptocurrency, created in April 2017 by the talented developers of Bitsend (BSD). It is a hybrid fork: We created a new chain so our blockchain stays super-tiny with currently about 1 GB in size. It combines the latest Bitcoin crypto technology, including SegWit (enabled by default), Core 0.15 and Bloom, together with a 20 MB block size, fast 2.5 minutes block times, a new lowsized blockchain (~1 GB) and completely new tech like the smooth Diff64_15 difficulty algorithm and the GPU-mining algorithm Timetravel10.
Bitcore is the first known cryptocurrency to use the hybrid fork method to distribute BTX to Bitcoin holders. Bitcore is completely new cryptocurrency with a new blockchain but it uses a technique called hybrid fork. Bitcore can handle 48 million transactions per day, which is about 17.6 billion transactions per year. It nearly matches Paypal in transactions per second and transactions are completed within seconds.
Bitcore faucets are a reward system, in the form of a website or app, that dispenses free bitcore in the form of a satoshi, which is a hundredth of a millionth BTX, 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. Bitcore faucets usually give fractions of a bitcore, but the amount will typically fluctuate according to the value of bitcore.
Free bitcore faucet is a great way to help introduce new people to bitcore, 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.