Category: ELI5

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 co...

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 currency). This...

ELI5 : How to mine NEO
Many cryptocurrency newbies ask us how to mine NEO. This is a recurring question, so we decided to write a short post to clarify how to properly obtain NEO cryptocurrency. Mini...

ELI5 Zero Knowledge (ZKP) cryptocurrency proofs?
In cryptographic theory, a zero knowledge proof is a method by which you can convince someone, who does not necessarily trust you, that you possess a piece of knowledge (proof) wit...

ELI5 Provably Fair Games
What is a fair game? What, then, is a provably fair game? These concepts lie at the heart of a whole new industry which arises from the transparent nature of the blockchain. The...

ELI5 Litecoin and Dogecoin? Why were they released some time after Bitcoin?
Litecoin and Dogecoin were once the #2 and #3 cryptocurrencies by market cap, respectively. In early 2014, when Dogecoin had just been released, the meme fever pumped the cryptocur...

ELI5 Syscoin (SYS) Cryptocurrency
Mineable? If so how is it mined? Syscoin (SYS) is a mineable proof of work (PoW) based alternative cryptocurrency. Normally, this coin can only be mined profitably by means of spe...

ELI5 ReddCoin Cryptocurrency
Mineable? If so how is it mined? ReddCoin (RDD) is a cryptocurrency inspired by Reddit and social media in general. It was created to be able to tip its members and launch micro...

ELI5 Raiden Network Token (RDN)
Mineable? If so how is it mined? The Raiden Network Token (RDN) is a non mineable cryptocurrency. Maximum Circulating Coins The Raiden Network Token cryptocurrency has a total m...

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, pu...