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ELI5 – Explain Cryptocurrency Like I’m 5! Category - Page 9

ELI5 : How crypto exchanges work
Exchanges are online markets where one can trade cryptos. It is where all the "pumping and dumping" you keep hearing about happens. (In contrast with real world stock exchanges, p...
ELI5 PoW – What are Proof of Work algorithms?
Proof of Work (PoW) is a cryptographically secure consensus mechanism which guarantees that network participants who do not necessarily know each other are able to prove that they...
ELI5 : Bitcoin Pizza
Bitcoin Pizza is the popular name given to an early transaction where Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas. On May 18, 2010, Laszlo posted a thread to Bitc...
ELI5: CoinMarketCap
CoinMarketCap, often abbreviated CMC, is the name of a pioneering data provider which became the de-facto market cap and coin price reference for cryptocurrency traders. Over T...
ELI5 What is a Merkle Root?
If you've been around cryptocurrencies for a while then you've probably heard the term Merkle Root mentioned in technical discussions. Today we'll take a look at this interesting ...
ELI5 Crypto cap
"Crypto cap" may refer to different things, depending on context. Unless it's a stylish wearable hat with a reference to cryptocurrencies on it, then crypto cap probably refers...
ELI5 Bitcoin to USD conversion
Bitcoin itself does not offer a US Dollar for Bitcoin exchange system. If you've just arrived in the world of cryptocurrencies, this may cause some confusion. Bitcoin is a c...
ELI5: What is a cryptocurrency full node?
A full node is a network connected program which runs an official cryptocurrency client and has the ability to verify messages, transactions and blocks. Full nodes may or may n...
ELI5 Atomic Swaps
Atomic swaps provide a way for two cryptocurrencies to be exchanged using a single blockchain and without a trusted third party involved. In computer lingo, "atomic" means some...
ELI5 What are complementary cryptocurrencies?
Complementary cryptocurrencies are a similar concept to complementary fiat currencies. They're not standalone cryptos which hold their own value but, as the name suggests, they...