What is Cryptocurrency and Bitcoin Whitepaper, Why it is important?

Cryptocurrency White paper is type of document that is released by cryptocurrency project which gives knowledge regarding technical information of that particular cryptocurrency, its concepts, protocols and complete idea of its growth and success to the investors and interested parties.

When a company launch a Cryptocurrency token then , all details regarding that token is set in whitepaper.

In simple words white paper explains the purpose and Technology behind that cryptocurrency project.

Five Important points regarding white paper and its importance:- 

 1- White paper explain technical informational data of particular cryptocurrency and provide facts, diagrams, statics and  analytics which convince investor to buy that cryptocoin.

2-  It is essential and key step that is required for producing any cryptocurrency.

3- White paper helps investors to understand how that particular crypto project is different from other Cryptocurrencies.

4- Technical, financial and commercial information is given in whitepaper.

5- Whitepaper contain complete details on team behind crypto projects, its problems and solutions offer with it.

MOST FAMOUS CRYPTOCURRENCY WHITEPAPER-  

"Bitcoin: A Peer-to-Peer Electronic Cash System"

Bitcoin whitepaper- https://bitcoin.org/en/bitcoin-paper

It is most famous Cryptocurrency whitepaper.The paper that first introduced Bitcoin, Which was published by Satoshi Nakamoto in 2008. It is recommended to those who wants to know how BITCOIN works .

Bitcoin provides a strong invention of a new online payment system.

It explores how transactions work between two users without involving third party or central authority.

Bitcoin is P2P system for payment across online network. P2P means peer-to-peer systems removing third party and replacing it with the verification decentralization transaction.

Whitepaper are major steps for producing any cryptocurrency. Every cryptocurrency has its own whitepaper. 

ETHEREUM has its own whitepaper you can find on its website. 

https://ethereum.org/en/whitepaper/

SOLANA Whitepaper

https://solana.com/solana-whitepaper.pdf

There are whitepaper for every cryptocurrency. You can find on its website.

If you want to invest in any cryptocurrency, you must read whitepaper of that particular Cryptocurrency.

The information provide here is for knowledge purpose.

Writer- Simran Bhardwaj

E-mail- sbhrd11@gmail.com

Thank you!!

Crypto bill- 

https://happycryptofinance.blogspot.com/2021/12/crypto-regulations-and-crypto-bill-may.html