Whitepaper for Cryptocurrency

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What Is a White Paper?

  • Whitepapers explain the purpose and technology behind a project.
  • They usually provide statistics, diagrams and facts to convince interested investors to purchase the cryptocurrency.
  • Producing a whitepaper is key a step required for a crypto startup to be considered legitimate and professional, as it helps investors understand how a business is different from rivals in the space.
  • Whitepapers differ from litepapers, which tend to be shorter, less technical and easier to understand.
  • One of the most famous cryptocurrency whitepapers is undoubtedly Bitcoin: A Peer-to-Peer Electronic Cash System, which was published by Satoshi Nakamoto in 2008.
The Bitcoin whitepaper proposed the following:
  • A peer-to-peer (P2P) system for payments across an online network
  • Removing third parties and replacing them with verification (decentralization)
  • Transactions would be irreversible
  • A P2P distributed timestamp server. This would generate mathematical proof of an order of different transactions.

Terms & Conditions

A document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.

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