WebELI5: How do banks store account balances? Reduced to its simplest form, an obvious solution would be a central database with every account and their respective balance (probably in integers for the pence/cents). But that seems like a bad idea, both from the security and scalability perspective. As most banks allow international accounts, it's ... WebTo answer as you asked (ELI5): the majority of people are stupid. ... One idiot of thousands other idiots that got lucky from betting on one project being "researched" from cryptocurrency TikTok memes is proof enough that you don't need to make a good investment, you just need to get lucky.

ELI5: why would you ever buy stablecoins : r/CryptoCurrency

WebWhat is ELI5 in Cryptocurrency? ELI5, or "Explain it like I'm 5", is a simplified way of explaining complex topics to beginners. It's often used when discussing … WebMay 11, 2015 · Cryptocurrency: A virtual currency that has no central bank or authority controlling its supply. There are two main differences (The mining might explain this … disney theme park shirt

ELI5 Definition CoinMarketCap

WebELI5: What did CDC CEO mean when he said he hedged by sending $1b to FTX? CDC CEO Kris: To simplify for people who don’t understand how hedging works in this scenario: we deposit USDC, use it to buy other coins on the exchange and withdraw back to our wallets. So they sent $1b to FTX to hedge by buying $1b other coins, potentially a lot of ... WebELI5: why should I buy BitCoin as my first crypto if it’s 60k . Knowing it just reached ATH, and it might break below 20k, why should I invest my money into Bitcoin and not another … WebIt helps to first take a look at hashcash, which uses a proof-of-work technique to prove an email is not spam. Bitcoin mining also uses a proof-of-work system. The idea behind hashcash is pretty simple. In order to prove an email is not spam, the sending software must solve a small but CPU intensive math problem. cozy room colors