Designed as a publicly accessible document, a whitepaper is an informational thesis report published by projects or companies laying out their technical and economic details. As a sign of goodwill and transparency, protocols produce whitepapers where they break down their product’s inner workings, mission and vision for the future.
Within the world of crypto, investors and community members often dedicate time to digest the technically difficult content as it serves as a great starting point to vet the validity of a project. One such example is the celebrated Bitcoin whitepaper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ by anonymous founder Satoshi Nakamoto. Within the whitepaper, Satoshi challenged the constructs of our existing financial system and presented a peer-to-peer electronic cash system which has grown into the crypto industry we know today.