Layman's Blockchain

Layman's Blockchain

Explain it like I'm 5 years old (ELI5) style articles on blockchains from coins and tokens to different protocols.

ELI5: Gas

28 Dec 2020 1 minute read 2 comments Walloom

ELI5: Gas Image from Flicker What is gas and why is it expensive at times? To understand gas, don't look to far from your everyday car. Gas paid on transactions is used to pay miners to sort and validate them. Like gas in your vehicle give it the li...

Wallets. Why so many?

25 Dec 2020 2 minute read 0 comments Walloom

  Wallets. Why so many?   Blockchain wallets come in many flavors and form. There are currently four different types of wallets; paper, hardware, pc and mobile. Regardless of the type of wallet you choose to use they are basic access points to the bl...

ELI5: Ampleforth

24 Dec 2020 2 minute read 2 comments Walloom

#Explain it Like I’m 5 years old ELI5: Ampleforth   Image from Coinbase Ampleforth is a rebasing cryptocurrency. Simply put, Ampleforth is a protocol based stable coin, trying to maintain the 2019 USD value. The reasoning behind why they would use t...