What is Whitepaper?
Let's find out Whitepaper meaning, definition in crypto, what is Whitepaper, and all other detailed facts.
When it comes to the crypto sector, a whitepaper is a type of document that outlines the technology behind the cryptocurrency project and highlights its main goals.
One of the most well-known whitepapers in the world of crypto is Bitcoin’s whitepaper which was presented in 2008. Its main attributes were a decentralized platform, a peer-to-peer payment system run on an online network, and irreversible transactions.
It’s a requirement for any company that wants its project to be taken seriously by investors. It introduces the concept of the project as well as the elements that make it stand out among the many other startup crypto projects.
Whitepapers are similar to litepapers, except the latter is much shorter in length. It can be considered a sort of summary of the whitepaper.
What is in a Whitepaper?
Whitepapers rely on facts to appeal to investors. The technology behind the crypto project is often explained by the implementation of research findings, statistics, and diagrams.