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 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...
ELI5 What is an adversarial Cardano staking pool? by @Cryptobill
If you've been following the Cardano testnet discussions then you've probably seen or heard the term adversarial staking pool. What does it mean, exactly, to be an adversarial s...
ELI5 What is a Bitcoin transaction? by Gal Crypto
In very simple terms, a Bitcoin transaction (TX), is the basic data structure supporting the transfer of value from BTC user to another. In the featured illustration (courtesy o...
ELI5 How to mine Monero by Gal Crypto
Mining cryptocurrencies may seem out of fashion in 2020, but there's still a lot to be learned from the experience of validating blocks in exchange for a reward. A quick web sea...
ELI5 What is Honeyminer? by Gal Crypto
Honeyminer is an automatic multiple coin mining program that pays users to use their spare computing power. Honeyminer Software The MS Windows based software will run in the back...
ELI5 What is an Antminer? by Gal Crypto
Antminers are dedicated cryptocurrency mining machines developed and produced in mainland China by Bitmain. The original Satoshi Nakamoto Bitcoin client used to mine Bitcoins us...
ELI5 The Binance Exchange by Gal Crypto
Binance is a cryptocurrency exchange founded by Changpeng Zhao in China, in 2017. Although Binance had a late start when compared to Poloniex, Bitfinex and others, it quickly ga...
ELI5 What’s the best Bustabit strategy? by Gal Crypto
Bustabit is a betting game where you try to guess the maximum multiplier in each contest. The higher you bet, the bigger the risk. Contests are very quick, often lasting just a ...
ELI5 Dogecoin Halvings by Gal Crypto
Dogecoin is a Bitcoin fork released in 2013. Although not as popular as it once was, Dogecoin has continued to attract social media users due to its fast transactions, low fees ...
ELI5 Coin Dance by Gal Crypto
Coin Dance is a Bitcoin statistics website which presents lots of interesting data about Bitcoin, Bitcoin Cash and Bitcoin SV. The main interface presents side-by-side compariso...