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ELI5 – Explain Cryptocurrency Like I’m 5! Category - Page 6

ELI5 What is an Antminer?
Antminers are dedicated cryptocurrency mining machines developed and produced in mainland China by Bitmain. The original Satoshi Nakamoto Bitcoin client used to mine Bitcoins u...
ELI5 What was Oasis Mining?
Oasis Mining was an initiative by former crew from OALend Coin (OACCOIN). The core business idea was to raise money via crowdfunding (ICO) in order to produce cryptocurrency mi...
ELI5 USI Tech / Eyeline Trading / Wealth Boss. Scam? Ponzi? What’s the deal?
USI Tech was a MENA region (UAE-based) cryptocurrency exchange which has been accused of operating a ponzi scheme. As of this writing, USI Tech's website is unreachable. There ...
ELI5 What was the Black Goblin market [BGM]?
Black Goblin was a short lived and relatively unknown darknet market. It ran at Tor address ua4aptglh45m5p6b.onionand was announced on Reddit in the DarkNetMarkets subreddit, w...
ELI5 What is an ASIC miner?
ASIC stands for Application Specific Integrated Circuit As the name implies, an ASIC miner is a cryptocurrency mining machine built around a circuit designed solely for one spe...
ELI5: Paradigm and Deribit OTC trading
Paradigm is a new chat platform that aims to take over from Telegram as the de-facto cryptocurrency chat/trading platform. Telegram's success in the crypto community was organi...
ELI5 Bitsquare (BISQ)
What is Bitsquare? Bitsquare is the former name of a decentralized cryptocurrency exchange (DEX). It was renamed to BISQ in March 2017 due to trademark-related issues. In...
ELI5: What is BetterHash?
BetterHash is a cryptocurrency mining method developed by Bitcoin Core developer Matt Corallo. The main idea behind BetterHash is to improve decentralization of Bitcoin mining ...
ELI5 Cryptocurrency Prediction Markets
Prediction markets are a type of gambling where users bet a certain amount of cryptocurrency in the odds that an event will or will not happen. When the bets are registered on...
ELI5 Tezos’ Liquid Proof of Stake?
“You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a ...