What is a whitepaper?
Whitepapers explain the purpose and technology behind a project. They usually provide statistics, diagrams and facts to convince interested investors to purchase the cryptocurrency. Producing a whitepaper is key a step required for a crypto startup to be considered legitimate and professional, as it helps investors understand how a business is different from rivals in the space. Whitepapers differ from litepapers, which tend to be shorter, less technical and easier to understand.