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
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Block Height
A number that is used to indicated the position of a particular block within a blockchain
HODL
A crypto slang of saying holding the assets rather than selling it.
A crypto slang encouraging investors to hold on to their assets rather than selling it.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
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