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
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Bounty
Public tasks available for anyone for a reward
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