Have you ever felt confused and had difficulty understanding various things about blockchain? Don't worry, you are not alone, because in fact this has something to do with ELI5. What's that?
What is ELI5?
The origin of this term comes from Albert Einstein's famous quote which states, "if you can't explain something to a six-year-old child, then you don't understand it yourself."
This means that if you have a good enough understanding of something, you should be able to explain it in terms that are simple enough for anyone, even a small child, to understand it well.
This Einstein quote was later popularized in the TV comedy series "The Office" where the characters often used the phrase, “why don't you explain it to me as if I were five years old.”
The dialogue from the show airs in the early years of cryptocurrency and blockchain technology beginning to emerge.
The term ELI5 is quite synonymous with crypto currency and blockchain.
Not without reason, this is due to its involvement in most blockchain processes.
ELI5 allows people involved in crypto to understand aspects of the blockchain world in the simplest terms.
Also read:
What is the Blockchain Trilemma?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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