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  1. 1. What are these cryptocurrencies?
  2. 2. Bitcoin - the story of a technological revolution
  3. 3. Satoshi Nakamoto, who is the creator of Bitcoin?
  4. 4. Vitaly Buterin – the creator of Ethereum
  5. 5. What is blockchain, and how does it work?
  6. 6. What is an NFT token?
  7. 7. What is money?
  8. 8. Cryptocurrencies vs fiat money, which will win?
  9. 9. What is DeFi (Decentralized Finance)?
  10. 10. DeFi: opportunities, advantages and disadvantages of decentralized finance
  11. 11. What is an altcoin?
  12. 12. Stablecoins - What are they?
  13. 13. Cryptocurrency wallet - what is it?
  14. 14. Why do we talk about bull and bear markets?
  15. 15. Security in the crypto market - what rules are worth following?
  16. 16. What is the seed phrase in cryptocurrencies?
  17. 17. Dogecoin and memecoin - what are they?
  18. 18. What is a Ponzi scheme?
  19. 19. What is a Soft and Hard Fork?
  20. 20. Blockchain - examples of use
  21. 21. Is blockchain safe?
  22. 22. What are the types of blockchain networks?
  23. 23. What is blockchain network congestion, and how does it work?
  24. 24. Cryptocurrency wallets: Hot Wallet vs. Cold Wallet - key differences!
  25. 25. Cryptocurrency wallet diversification
  26. 26. Halving Bitcoin - what is it, and how does it affect the price?
  27. 27. Blockchain versus databases: key differences!
  28. 28. How do you transfer cryptocurrencies?
  29. 29. The most important cryptocurrency acronyms/slang you need to know!
  30. 30. The memecoin story: madness or great investment?
  31. 31. What is Ethereum? 
  32. 32. Everything you need to know about gas fees in Ethereum!
  33. 33. Gavin Wood: Blockchain Visionary and Co-Founder of Ethereum
  34. 34. Decentralized Apps – what are they?
  35. 35. What is Proof of Work (PoW) and what is Proof of Stake (PoS)?
  36. 36. What is the Proof of Authority (PoA) consensus mechanism?
  37. 37. What is Proof of Burn (PoB)?
  38. 38. What is a whitepaper? What is its purpose, and how do you write it?
  39. 39. Smart Contracts - what are they?
  40. 40. Know your customer (KYC) and Anti-money laundering (AML) what are they in the cryptocurrency industry?
  41. 41. Blockchain and NFT games - how to make money on them?
  42. 42. Liquidity in the cryptocurrency market
  43. 43. Inflation and its effects on financial markets
  44. 44. What is stagflation and why does it have a negative impact on the market?
  45. 45. What are utility tokens and what use do they have in the cryptocurrency sector?
  46. 46. What is cryptocurrency mining?
  47. 47. What is the mining difficulty?
  48. 48. What is compound interest, and how does it work?
  49. 49. What Are Privacy Coins and Are They Legal?
  50. 50. What is CBDC - central bank digital money?
  51. 51. What is Cryptocurrency Airdrop all about?
  52. 52. Key differences between ICO, IEO and STO
  53. 53. What are decentralized DAO organizations, and how do they work? What are DAO tokens?
  54. 54. What is EURT? How does it work?
  55. 55. What is the difference between Circulating Supply and Total Supply?
  56. 56. Snapshot from the world of cryptocurrencies - what is it?
  57. 57. What is the Fear and Greed index for cryptocurrencies?
  58. 58. APR versus APY: what is the difference?
  59. 59. What is an Initial Farming Offer (IFO)?
  60. 60. What is Regenerative Finance (ReFi)?
  61. 61. Who Is Craig Wright, the Alleged Creator of Bitcoin?
  62. 62. What Is Bitcoin (BTC.D) Dominance?
  63. 63. Michael Saylor, Self-Proclaimed Bitcoin Maximalist
  64. 64. Bitcoin Pizza Day
  65. 65. AI blockchain - a new look into the future?
  66. 66. What is WorldCoin? Everything you need to know about this cryptocurrency!
  67. 67. Azuki NFT collection guide: everything you need to know about it!
  68. 68. The 10 most expensive non-fungible tokens (NFTs) ever!
  69. 69. The Bored Ape Yacht Club (BAYC) - the story of the popular NFT collection!
  70. 70. CyberPunks - the story of the most popular NFT collection in the crypto industry!
  71. 71. NFT Art: The digital art revolution - history and examples!
  72. 72. Who is Changpeng Zhao, CEO of Binance?
  73. 73. Who is Brian Armstrong - CEO of Coinbase?
  74. 74. Who is Galy Gensler and the SEC? How does the Securities and Exchange Commission (SEC) affect the cryptocurrency market?
  75. 75. Web3's most popular social media platforms! Will they replace the platforms we know?
  76. 76. What is IoT - the Internet of Things?
  77. 77. On-chain analysis in the cryptocurrency world: Everything you need to know about It
  78. 78. Can you pass on your cryptocurrencies after death? How do you pass on a cryptocurrency inheritance?
  79. 79. What is the Howey test? What application does it have in cryptocurrencies?
  80. 80. The use of blockchain technology in the world of sport
Lesson 38 of 80
In Progress

38. What is a whitepaper? What is its purpose, and how do you write it?

A whitepaper is nothing more than a document published by a company or a non-profit organization. It is intended to promote or highlight the proposed solutions of a particular product or service – not just from the world of cryptocurrencies.

In fact, the whitepaper is also used in politics, to present the government and the legislation in question.

What is the purpose of a whitepaper?

Whitepapers are mainly sales and marketing documents. They are designed to encourage or convince a potential customer to learn more about a particular product, service, technology, or methodology. The information presented in the whitepaper is often supported by research and statistics from reliable sources. They contain many charts, data, tables, and other interesting visualizations. It is also fascinating that the whitepaper also conveys the philosophy of the organization in question.

What is a whitepaper in the cryptocurrency industry?

It is also a form of guiding to attract an investor for a particular project. When a new project or cryptocurrency is launched, the company responsible for it publishes details about it in the form of a whitepaper. This document explains the commercial, technical and financial information.

Here you will also find many facts, statistics, diagrams, and visualizations about the cryptocurrency or the project. All this to highlight the importance and impact on the digital asset industry. Of course, writing a whitepaper is not a necessity and not every company, project or cryptocurrency needs to have one. However, such a document conveys a sense of professionalism and legitimacy.

In the world of digital assets, a whitepaper is usually written in simple and understandable language. Even the common man – the non-advanced investor – will understand the basics.

A professional whitepaper – what should it contain?

In the context of a cryptocurrency project, each whitepaper should answer some specific questions.

  • What is the project about? That is, an explanation of the concept. A good whitepaper introduces the project to be launched. It also gives a general overview of the purpose of the project.
  • How does the project or cryptocurrency work? A well-written whitepaper needs to discuss how the project or cryptocurrency works and operates.
  • Why do investors need it? This is what is called validation. Every investor is very interested in knowing why they should invest in this particular project and why it will meet their needs. The whitepaper needs to clearly convey this information and appeal to the users.
  • What technology was used to create the design? This aspect must be explained clearly and transparently in the whitepaper.
  • What is the tokenomics of the project? The success of any project depends on supply and demand. Therefore, the visualization of tokenomics is crucial for the successful sale of a cryptocurrency project.
  • The team. Who is behind a particular project? A separate section should be dedicated to answering this question. The whitepaper should describe the staff, funders, advisors, and founders of a particular project or cryptocurrency. Such a section informs potential investors about the skills and achievements of the team members.
  • What are the plans for a particular project? That is, information about the roadmap. This is an agenda of the project, a presentation of monthly or quarterly goals using a corresponding chart.

Why are whitepapers so important?

Because they create confidence among investors. They also introduce a new crypto project or cryptocurrency to the whole world. Such a document is a collection of the most significant information about how it works, its purpose and, more generally, about the entire project.

The whitepaper contains all, even the smallest, details about the described topic. It thus ensures that there are no ulterior motives behind the project in question.

Examples of white papers

Bitcoin, of course. Satoshi Nakamoto published a Bitcoin whitepaper in 2008. The entire document was called: ‘Bitcoin: A Peer-to-Peer Electronic Cash System.”

Ethereum. The whitepaper was published in 2014. It was written by just 20-year-old Vitalik Buterin. The title of the whitepaper is ‘Ethereum: A next generation smart contract and decentralized application platform’.

Polkadot. This whitepaper describes the main features of the project and the open source cryptocurrency. Gavin Wood titles his whitepaper as follows: “Polkadot. Vision for a heterogeneous multichain framework’. The whitepaper was published in 2020.


A whitepaper is a multipage document that provides investors with key information about a particular project or cryptocurrency. A whitepaper must contain the necessary information to get to know a project and to get a first idea of whether it is worth investing in the project.

Whitepapers are therefore an indispensable part of any project. Interestingly, companies publish whitepapers to attract the attention of potential investors. Such documents are written in simple and understandable language.