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.
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.
The Bitcoin whitepaper proposed the following:
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