What is the purpose of a cryptocurrency whitepaper?

by ena.rippin , in category: Cryptocurrencies , a year ago

What is the purpose of a cryptocurrency whitepaper?

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1 answer

by vincenzo.murazik , a year ago


The purpose of a cryptocurrency whitepaper is to provide a detailed and comprehensive explanation of a new cryptocurrency project or blockchain technology. It serves as a formal document that outlines the project's vision, goals, technical specifications, and implementation details. Whitepapers typically include information on the underlying technology, consensus mechanisms, token economics, distribution mechanisms, security measures, and any other relevant aspects of the cryptocurrency. The whitepaper is essential for potential investors, developers, and community members to gain a deep understanding of the project and evaluate its potential before deciding to invest or participate.