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 Facebook Libra Cryptocurrency by @Gal
Facebook is getting ready to unveil their new cryptocurrency project called Project Libra Network on June 18 (9 days from now). In this post I’ll summarize everything I’ve ...
ELI5 Wraith Protocol by @Gal
Wraith protocol was introduced by the Verge cryptocurrency team in late 2017. It allows users to choose whether to make their transactions private or not. The initial Wraith...
ELI5 What is OpenBazaar? by Gal Crypto
OpenBazaar is a P2P application that allows people to sell their artworks, creations and anything else via a 100% decentralized marketplace. There is no middleman and no fees t...
ELI5 What is the best cryptocurrency? by @Gal
I've seen this asked a lot, so I thought I'd post about it. What's the best crypto? My impulse here is to simply reply "well, duh, there's no such thing as a best cryptocurr...
ELI5 What is CryptoRobotics? by @Gal
When I first heard the term "crypto robotics" I imagined a physical machine which somehow interfaced with a blockchain. Something like a bot with trusted commands submitted by dec...
ELI5 Proof of Keys by @Gal
Proof of Keys is a movement started in late 2018 by investor Trace Mayer. Let's start a new #Bitcoin cultural tradition.An annual Proof of Keys Celebration on Jan 3rd to declar...
ELI5 Shapeshift by Gal Crypto
Shapeshift is one of the most popular and innovative cryptocurrency exchanges. Founded in 2014 by Erik Voorhees, the service allows users to submit one cryptocurrency to a spe...
ELI5 Bitcoin Price Prediction by Gal Crypto
A lot of newbie investors search for online asset price predictions and then proceed to invest based on those predictions. In this post I'll present my opinion on why this is a...
ELI5 Brave Rewards Program by @Gal
Brave Rewards offers two programs : one for publishers and another one which shares the publisher ad revenue with end users. Reading the official Brave Telegram group, I notice...
ELI5 Coin Dance by Gal Crypto
Coin Dance is a Bitcoin statistics website which presents lots of interesting data about Bitcoin, Bitcoin Cash and Bitcoin SV. The main interface presents side-by-side comparis...