Crypto Talk: ELI5
#BinanceAcademy

“ELI5,” which stands for “explain like I’m 5, is an appeal to simplicity when explaining cryptocurrency concepts.

Although the expression predates Bitcoin, it is now firmly associated with crypto.

The phrase’s origin goes back to a famous quote by Albert Einstein, who said, “If you can’t explain it to a six-year-old child, then you don’t understand it yourself.”

This slang expression is straightforward: If you don’t understand something in the crypto world, you can always ask someone, “ELI5, please!”