Explain Like I'm Five (ELI5)
By CoinGecko | Updated on Mar 03, 2020
Stands for “Explain Like I’m 5”, typically used in cases where technical/difficult scenarios are broken down into simple, and easy to understand terms. In a way, the goal is literally explain a concept in a manner that is simple enough for a five-year-old to understand.
Related Terms
Liquid Proof of Stake (LPoS)
A proof of stake consensus mechanism by Tezos that slightly differs from Delegated Proof of Stake.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Goblin Town
A term used to describe the market's persistent downtrend, synonymous with "bear market".
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