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 Cardano ADA Staking Pool Pledge by @Cryptobill
There's been a lot of talk about pledging in Cardano lately. What does pledging mean? What is pledge, exactly? Do stakers need to be concerned? What will the minimum pledge am...
ELI5 What is the Avalanche Protocol? [AVA] by @Cryptobill
Avalanche is a proposed consensus mechanism which aims to combine the best features of previously existing protocols. If you've tried to understand the Avalanche consensus proto...
ELI5 What is ProgPoW? by @Cryptobill
In May 2018, cryptocurrency researchers IfDefElse and Greg Colvin submitted EIP 1057, proposing a change to Ethereum's mining algorithm. The central idea in EIP 1057, widely kn...
ELI5 Bitcoin Cash [BCH] by Gal Crypto
Bitcoin Cash is a Bitcoin Core fork from August 2017. At block 478559, Bitcoin Cash started mining its own blockchain away from the original Bitcoin chain. Common Ance...
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, w...
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 portmanteau of Git and Bitcoin, the most popular open source version control system and #1 cryptocurrency res...
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...