ELI5: Explain Like I'm 5

Primecoin

Primecoin is a type of digital money just like the one you use to buy toys in video games. But it's special because it helps scientists find new prime numbers.

Now, what are prime numbers? Well, they are like special superstars in the world of math. They are numbers that can only be divided by themselves and one, without any remainders. For example, 2, 3, 5, 7, 11, and 13 are all prime numbers.

But there are many more prime numbers out there waiting to be discovered. And that's where Primecoin comes in! It uses fancy computer calculations to search for these hidden prime numbers.

You might wonder, why are prime numbers important? Well, scientists use them in many things, like cryptography to protect our information on the internet. They also help make computer programs more secure. So finding new prime numbers is like discovering hidden treasures that can make our digital world safer and more exciting.

But you know what's even cooler about Primecoin? It not only helps find primes, but it also gives you coins in return! So by using your computer to solve the math problems that find primes, you can earn Primecoins, just like getting a reward for doing something good.

And just like regular money, you can use Primecoins to buy things online or trade them with other people. It's like having your own special currency that you earned by helping make the world a little bit smarter and more secure.

So, Primecoin is all about using your computer's power to find new prime numbers and help science, while also earning special digital money that you can use to buy things. It's like a super cool treasure hunt where you get rewarded!