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This is an article from out partners at All Crypto Whitepapers, the largest crypto whitepaper database!
Crypto Whitepaper Research: The Essentials
by John van Rijck from www.allcryptowhitepapers.com
What is a whitepaper?
When a company intends to launch a new cryptocurrency, they usually set out all the details in a Whitepaper. Technical, financial and commercial information about the project is explained in this document. Normally they aim to provide a document that explains in plain language what they’re planning to do, to attract investors and other interested parties. In other words, the whitepaper explains the project’s purpose and process, the Why and the How. The Whitepaper is usually accompanied by a One Pager, the project summarized in one page, and a Position Paper, which details the competition and their (better) position in comparison with that competition. An economics paper might also be included, to give you an idea about how the raised money is going to be spent.
Not every project or coin starts with a whitepaper. Litecoin started by giving a video presentation on ‘Creating Litecoin’ at a Coinbase event. Loom Network decided not to write a whitepaper, but immediately started developing and delivering code. Others are just a fork of an existing project, like Bitcoin, so they don’t care the write their own whitepaper. Some projects bring out a Pink Paper, Black Paper, Green Paper or Yellow Paper. Other projects, such as Cardano, bring out multiple whitepapers each describing a part of the tech they are building. However, 99% of the cryptocurrencies and ICO’s that are being launched daily, still release a whitepaper to outline their project and tech. So if you thinking about investing in a new coin or ICO, your first stop is reading the whitepaper.