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ELI5 – Explain Cryptocurrency Like I’m 5! Category - Page 2

ELI5 How to mine Litecoin
Litecoin has consistently been one of the most popular cryptocurrencies since its inception in 2011. It was initially forked from the main Bitcoin source code by a developer ca...
ELI5 Dollar Reboot Composite
Market analyst Jim Rickards edits the Strategic Intelligence newsletter and, in 2017, he made several predictions about the financial markets in the coming years, specifically men...
ELI5 Coinmixer : What is a coin mixer?
A coin mixer, most popularly known as Bitcoin mixer, is a service which scrambles your cryptocurrency transactions so that the funds' origin becomes hard to trace. (Some also call...
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 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...
ELI5 VRF – Understand Verifiable Random Functions
Verifiable Random Functions (VRF) are random number generators whose output can be cryptographically verified. A special algorithm provides the proof for VRF's at a later time the...
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 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: 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...