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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 cryptocurrency whitepaper?
The term whitepaper originated in Great Britain, due to the color of government-issued documents in the early 1900's. The famous Churchill white paper of 1922 (featured above)...
ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is an alternative to the Proof of Work (PoW) consensus mechanism. How PoS Works While PoW guarantees that each network p...
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 Cryptocurrency airdrops and giveaways : Why do cryptos get distributed for free?
There's no such a thing as free lunch. The famous quote, which probably originated at a saloon in the middle of nowhere, raises a valid question about cryptocurrency airdrops ...
ELI5 Provably Fair Games
What is a provably fair game? The answer lies at the heart of a whole new industry which has been developed around the transparent, decentralized, nature of the blockchain. ...
ELI5: What is WINk? [Formerly TRONBet]
WINk is a decentralized gaming application hosted on the TRON blockchain. Formerly TRONBet Previously known as TRONBet, the platform is now live at WINk.org At the time o...
ELI5 Bitcoin Puzzle Transactions
As the name implies, Bitcoin puzzle transactions are created as a challenge and not for the usual purpose of monetary transfer. Puzzles can be published for several reasons, in...
ELI5 PSBT – Partially Signed Bitcoin Transactions
Trustless operation is one of the key concepts behind cryptocurrencies. The idea is that you should not have to personally meet, or trust your peers, in order to perform successfu...
Understand how Tether cryptocurrency works
How does the Tether cryptocurrency work? How come its value is pegged to U$ 1, exactly? In this article we briefly discuss the curious case of a cryptocurrency that was cr...
ELI5 What’s a stablecoin?
Since the beginning of cryptocurrency history, most crypto assets have been known to experience enormous oscillations against the US Dollar (or some other legacy fiat currency). ...

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