ELI5

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 Dollar Reboot Composite by Gal Crypto
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 ment...
ELI5 Darknet Markets by @Cryptobill
Darknet markets are hidden Tor services that often provide access to illicit goods, drugs, counterfeits and other illegal trade. Since the intention behind these marketplaces is...
ELI5 What was the Black Goblin market [BGM]? by Gal Crypto
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, wh...
Coffee Coin / CoffeeCoin [COF] [CFC] [CFC2] by Gal Crypto
CoffeeCoin may refer to two (or three) different cryptocurrencies: the earlier Coffee Coin (2014) with symbols CFC and CFC2 and the more recent CoffeeCoin (2017) with symbol COF. ...
ELI5 : What is Gitcoin? by @Cryptobill
Gitcoin is a bounty market for open source projects. The name is a reference to Bitcoin and Git, the most popular open source version control system. P2P Remote Work Cryptocur...
ELI5 Understand the several OneCoin’s by Gal Crypto
There are several cryptocurrency projects called OneCoin. In some naive cases, the name was not properly researched and got accidentally reused by different small projects throu...
ELI5 What are block confirmations? by @Cryptobill
All blockchain consensus mechanisms depend on some kind of verification that certain value has been added to the blockchain. This process is most popularly known as mining or st...
ELI5: What is WINk? [Formerly TRONBet] by Gal Crypto
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 of thi...
ELI5 What was Oasis Mining? by Gal Crypto
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 min...
ELI5 What is an ASIC miner? by Gal Crypto
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 spec...