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.
A cryptocurrency whitepaper is a comprehensive document outlining the technical and economic aspects of a specific cryptocurrency. It is typically written by the cryptocurrency’s development team or core members and serves as a guide for potential investors, miners and users.
Producing a whitepaper is the key 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.
Whitepapers are long, in-depth documents that outline the technical specifications and details of a particular cryptocurrency. They usually include technical information, such as the protocol, architecture, and economic incentives. Whitepapers are used to help educate people on a particular cryptocurrency and provide a solid foundation of information.
Litepapers, on the other hand, are short documents that provide a high-level overview of a particular cryptocurrency. They usually contain less technical information than whitepapers and focus more on the key features and benefits of a cryptocurrency. Litepapers are usually used to help people get a quick understanding of a particular cryptocurrency and make an informed decision as to whether or not to invest.
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.
Other famous whitepapers include:
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