Crypto Glossary

Whitepaper

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.

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.

Be the first to know about Crypto news everyday

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.
people
iosandroid

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).

Email us: [email protected]

( web-v1.13.17-646378946)