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Bitcoin is the first decentralized electronic cash payment network that enables value to be transferred peer-to-peer. Unlike traditional payment networks, Bitcoin bypasses the need for a centralized body of control, such as a government or a central bank. Instead, activities and balances are stored on a public, shared ledger called the blockchain, which is verified by thousands of computers (called nodes) maintaining the network across the globe. Transactions are made with no middlemen so anyone with access to the Internet can transfer money to anybody anywhere in the world.
A crypto faucet is a mobile application or website that gives away small amounts of BTC or other cryptocurrencies in exchange for completing simple tasks. You can earn money playing Bitcoin games, watching product videos, completing a captcha, answering surveys, clicking links, viewing ads, and a lot more. It's called a faucet because the rewards it distributes are pretty small, just like tiny drops of water dripping from a leaky faucet.