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
Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
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