White Paper

A White Paper

Learn Crypto

Beginner
Intermediate
Advanced
From Billionaire to Prison: The Story of Sam Bankman-Fried - Saints And Sinners #2
Subscribe

A whitepaper is the document released before or during the start of a project that explains the vision, technology, and how the cryptocurrency or blockchain project will work. 

It is the main place for information for potential investors, developers, users, and the community to get all the information they need. 

The most well-known whitepaper is “Bitcoin: A Peer-to-Peer Electronic Cash System,” which Satoshi Nakamoto published in 2008. A typical paper includes a problem statement, which explains the specific issues the project aims to solve, and a description of the proposed solution.

Meanwhile, the roadmap lays out the schedule of important events, development stages, and future plans to make things clear and hold people accountable.

Join our newsletter

Disclaimer: Coin Medium is not responsible for any losses or damages resulting from reliance on any content, products, or services mentioned in our articles or content belonging to the Coin Medium brand, including but not limited to its social media, newsletters, or posts related to Coin Medium team members.

Related Terms

Liquidity Pool

A liquidity pool is a digital pot of cryptocurrency locked inside an automated computer program, built to let people trade coins on the spot—no bank, no broker, no third party taking a cut or slowing things down. What fills these pools isn’t institutional money, but regular people. Known as liquidity providers, they deposit matching values of two tokens and, in return, collect a share of the fees every time someone trades through that pool. Busier pools generate more fees, and

Immutable

The term immutable describes the nature of objects which remain unchanged after their initial creation. The blockchain and cryptocurrency systems use immutability to protect their recorded data because users cannot change or erase their confirmed blockchain information. Cryptographic hashing together with distributed consensus establishes this system. A blockchain block exists as a self-contained unit that includes a link to its preceding block. The block hash will change if anyone tries to alter a previous transaction which will result in the

DAO

A decentralized autonomous organization which people refer to as a DAO operates as a blockchain entity that uses smart contracts and community governance to function without any traditional management systems. The organization uses voting to decide on proposals which will determine its future path instead of using executives or a central board to make all decisions. DAOs create their operations on blockchain networks which include Ethereum. Their rules are written into smart contracts which execute decisions when voting conditions reach