https://www.fieggen.com/shoelace/ianknot.htm
Another view:
Orange Elastic No Tie Shoe Laces... https://www.amazon.com/dp/B07PK2N1PD?ref=ppx_pop_mob_ap_shar...
The "incorrect" knot still works relatively well and looks almost the same as the "correct" knot. The "incorrect" one also requires significantly less finger dexterity which is why children tend to prefer it.