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White Paper

A white paper in the cryptocurrency space is a document issued by a project or platform that details its technology, methodology, product, or service.

A white paper is a comprehensive document intended to fully inform the reader on a particular topic. It combines a detailed explanation of a company's technology with a business plan that details how the technology will be implemented. In the cryptocurrency world, a white paper is a document issued by blockchain projects that details the project's purpose, technology, mechanics, and roadmap. The most famous white paper is the Bitcoin white paper written by Satoshi Nakamoto, which outlined the fundamentals of the peer-to-peer electronic cash system that became Bitcoin.

Example:

The Bitcoin white paper, released by Satoshi Nakamoto, outlines the fundamentals of the Bitcoin blockchain. It is titled "Bitcoin: A Peer-to-Peer Electronic Cash System", is an example of a white paper in the cryptocurrency space. It details the concept and mechanics of Bitcoin, explaining how transactions would be enabled on a decentralized network without the need for a central authority.

Category:

Crypto Basics
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