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ELI5 – Explain Cryptocurrency Like I’m 5!

The very basics for anyone who’s getting started with cryptocurrencies or would like to get involved with crypto software development.

Most articles in this section assume no previous experience with cryptocurrencies.

We try to cover a broad range of subjects, from mining to software development, using accessible language and no excessively technical terms.

ELI5 What’s a stablecoin? [Nov 2018]
Since crypto beginnings, most crypto assets have been known to experience huge oscillations against the US Dollar (or some other legacy fiat currency). This has arguably scared...
ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is one of the most popular alternatives to the Proof of Work (PoW) family of consensus mechanisms. While PoW systems invest la...
ELI5 Hydro Mining: generate your own electrical power for cryptocurrency mining
Hydro mining is a generic term which refers to the use of hydropower in the cryptocurrency mining process. Hydro-mining is considered a green energy alternative, which attempt...
Winning Bustabit strategy: ELI5 How to consistently win at Bustabit!
Bustabit is a betting game where you try to guess the largest possible magic number in each contest. Sounds kinda dull, but there's a catch: this number is a Bitcoin multiplie...
ELI5 What is the Avalanche Protocol? [AVAX]
Avalanche is a next generation, post-Nakamoto consensus mechanism which was designed to incorporate the best features of previously existing protocols and add some of its own. ...
ELI5: What was Honeyminer?
Honeyminer was an automatic multiple coin mining program that pays users to use their spare computing power. Honeyminer leveraged a variation of the concept of micro mining, w...
ELI5: What is Crypto Anarchism?
Crypto Anarchism is a political ideology which advocates the use of strong cryptography as an instrument for the promotion of Anarchy, including unrestricted personal freedoms and...
ELI5 How did the original Shapeshift work?
The original Shapeshift was one of the most popular and innovative cryptocurrency exchanges. It has since been updated to a dApp that allows users to perform several cross-chain o...
ELI5 First, second, third and fourth generation cryptocurrencies [2023 Update]
Although the theoretical building blocks that form cryptocurrencies existed prior to 2009, it was only in January of that year that Bitcoin registered the first ever transaction o...
ELI5: What is Tornado Cash?
Tornado Cash is a decentralized cryptocurrency tumbler. It is implemented as an Ethereum smart contract and can be used to mix cryptocurrency UTXO's, unlinking the on-chain relati...