eli5 Tag Posts Index

What is a Cryptocurrency? (ELI5 with a fantasy story)

This money is kept safe by a spell called blockchain. This spell is like a super-secret vault that can’t be broken into. The value of this money isn’t set by a bank

What is Proof of Stake? (ELI5 with a galactic story)

Imagine a galaxy with a gazillion people! (a lot…). These people have been living in a galaxy filled with wars and conflicts. Most of these problems, if not all

What is a Blockchain? (ELI5)

Imagine a giant, super-secure book that everyone in a club gets a copy of. This book is called a blockchain. Each page in the book is a block, and it’s filled with

ELI5: Bitcoin Mining for Dummies

Explaining how Bitcoin works is very difficult. It's easy to get lost in the weeds. We often find ourselves in an echo chamber talking about this stuff to enthusiasts

ELI5

My last post got more attention, than I usually get. I picked up a topic that I had written about before; Many times, actually. This last post however, did not cause

Water In A Bucket

Crabs In A Bucket Who follows me, knows how much I like the 'Crabs In A Bucket' analogy from the original Steem whitepaper. It expresses a concept in a way that

The Many Benefits Of Getting Kids Involved In Community Service

Photo by Ketut Subiyanto: Community service is a great way to get your kids involved in giving back to the community. It’s also a great way to teach them the value

How To Teach Your Kids About Cryptocurrency?

A friend in my society approached me to solve a unique problem for him. He wanted me to teach his 12-year-old son about cryptocurrency. The little fella was interested

ELI 5 - DAO Funds Explained Like You Are Five

DAO funds have been around for quite some time now but their popularity seemingly skyrocketed during the 2021 bull run. Some of them are only taking shape while

ELI5 - Blockchain Forks Explained Like You Are Five

If you get into blockchain you will certainly hear a lot about forks. For most people understanding this term and phenomenon is not as easy as it looks but this

ELI5 - Lending Protocols Explained Like You Are Five

In yet another #ELI5 explainer we will be discussing lending protocols. If you used DeFi you probably came across one of these. Here is your chance to understand

ELI 5 - Airdrops Explained Like You Are Five

In an attempt to contribute to the @leoglossary project I spoke to @taskmaster4450le and we both concluded that adding an #ELI5 post to the existing explanations

ELI 5 - Automated Market Makers (AMM) Explained Like You Are Five

Every DeFi user has interacted with an AMM at least once. Uniswap, Sushiswap, 1Inch... All of these exchanges are actually automated market makers but how do they

ELI5 - Lido Finance ETH Staking Explained Like You Are Five

ETH 2.0 is "around the corner" and many crypto investors are willing to jump on the staking train. The only problem is that you need 32 ETH to run a validator

ELI 5 - PolyCub Bonding Explained Like You Are Five

While reading through the comments on PolyCub-related posts and seeing what people are saying in Discord, it seems that bonding is not so easy to understand and

ELI 5 - DeFi Bridges Explained Like You Are Five

Now that we have covered Decentralized lending platforms and Blockchains we can slowly start exploring decentralized finance even further, this time with DeFi Brdiges.

Blockchains Explained Like You Are Five

Alright class, I know that we started with a tough subject like DeFi lending platforms but I figured that we can't go any further before we understand the technology

Decentralized Lending Platforms Explained Like You Are Five

Alright, people, it's time to kick off the #ELI 5 content on Leofinance and Hive and we will start with a question from @forexbrokr - How much money can I borrow

Introducting #ELI5 On Hive and LeoFinance

After thinking about it for a few weeks now I think it's time to enrich Leo and Hive with some easy-to-read content that anyone can understand and consume in a few

Crypto + Blockchain Guide For Beginners (w/ 9 Doodles!)

You ever had the feeling that you're in way over your head? I joined Hive this week, and that's instantly how I felt. Well, not instantly. First I felt welcomed