Definition of Whitepaper

In the context of the cryptocurrency industry, a whitepaper is often published prior towards launching a crypto/blockchain project to explain the issues that the project aims to address as well as the steps it will take towards addressing it. The foremost whitepaper that kickstarted the tradition of publishing a whitepaper along with lauching a project is the renowned bitcoin whitepaper published in October 2008 by the pseudonymous Satoshi Nakamoto. Which succintly explained the need for a peer-to-peer digital cash system and how bitcoin will function in 8 short pages.

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Encryption

In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.

Non-custodial

It is a decentralized type-of-wallet, where the users owns its private keys.

Proof of Stake (PoS)

A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.

Block Explorer

Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.

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Whitepaper

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