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Whitepaper

By CoinGecko | Updated on Mar 03, 2020
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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Related Terms

Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
Mnemonics
Mnemonics are memory aids with a system such as letters or associations that help in recall. *see Mnemonic Phrase.
Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
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