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Introduction
A Cryptocurrency whitepaper is a document that outlines the technical details and proposed features of a new cryptocurrency project.
These documents serve as a technical guide explaining the overall structure of the underlying software, its benefits, and why developers and investors should consider adopting the technology.
The first Crypto whitepaper was by the anonymous developer going by the name Satoshi Nakamoto whose identity is still unknown.
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His whitepaper explained the concept of Bitcoin in a document entitled “Bitcoin: A Peer-to-Peer Electronic Cash System“. This paper explained the concept of the Blockchain and pioneered the rise of Crypto projects around the world since its inception.
Here’s a copy of the PDF below:
Whitepapers also help legitimize a project by being transparent about how it works and gives a professional outlook from the creators on the goals of the project and the vision they have.
All up, it can be viewed as a proposal that includes who, what, when, and why an investor should choose that project above others.
Conclusion
We hope you found this information helpful, if you are interested in the world of blockchain and crypto technology be sure to also check out the links below for other related content across our website.
Be sure to follow us on social media for more and check out our blog for other technical content.
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Source(s) cited:
24 Mar. 2009, bitcoin.org/bitcoin.org/bitcoin.pdf. Accessed 22 Apr. 2023.
Profit, NDTV. “What’s A Whitepaper In Cryptocurrency? What’s Its Purpose?.” Accessed April 22, 2023. https://www.ndtv.com/business/what-are-whitepapers-in-the-world-of-cryptocurrency-2556831.