What is the meaning of ELI5 in the context of cryptocurrency?

3 answers

• Nov 29, 2021 · 3 years ago
  ELI5 stands for 'Explain Like I'm 5.' It's a term used to request a simplified explanation of a complex topic, such as cryptocurrency, as if you were explaining it to a 5-year-old. People use ELI5 to ask for clear and easy-to-understand explanations without technical jargon or complex concepts. So, when someone asks for an ELI5 explanation of cryptocurrency, they want a simple breakdown of how it works and its key concepts.
  427214
• Nov 29, 2021 · 3 years ago
  Imagine you're trying to explain cryptocurrency to a kindergartener. You wouldn't go into all the technical details and complex algorithms, right? That's where ELI5 comes in. It's like asking someone to break down a complicated subject into bite-sized pieces that even a 5-year-old can understand. So, when you see someone asking for an ELI5 explanation of cryptocurrency, they're basically saying, 'Please explain it to me in the simplest way possible.'
  454152
• Nov 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, explains ELI5 as 'Explain Like I'm 5.' It's a way for people to request simplified explanations of complex topics, like cryptocurrency. When someone asks for an ELI5 explanation of cryptocurrency, they want a straightforward and easy-to-understand breakdown of how it works and its key concepts. It's a great way for beginners to grasp the basics without getting overwhelmed by technical jargon.
  437110