Crypto Terms:
Letter W
What is Whitepaper?
Meaning:
Whitepaper -
summarizes the technology of a crypto project as well as what it hopes to achieve.
Let's find out Whitepaper meaning, definition in crypto, what is Whitepaper, and all other detailed facts.
When it comes to the crypto sector, a whitepaper is a type of document that outlines the technology behind the cryptocurrency project and highlights its main goals.
One of the most well-known whitepapers in the world of crypto is Bitcoin’s whitepaper which was presented in 2008. Its main attributes were a decentralized platform, a peer-to-peer payment system run on an online network, and irreversible transactions.
It’s a requirement for any company that wants its project to be taken seriously by investors. It introduces the concept of the project as well as the elements that make it stand out among the many other startup crypto projects.
Whitepapers are similar to litepapers, except the latter is much shorter in length. It can be considered a sort of summary of the whitepaper.
What is in a Whitepaper?
Whitepapers rely on facts to appeal to investors. The technology behind the crypto project is often explained by the implementation of research findings, statistics, and diagrams.
decentralized finance (DeFi)<\/strong><\/a>. This process involves various platforms and other tokens. However, there is a difference between winding down and simple token unwrapping. <strong>Winding down<\/strong>, for example, entails the use of numerous tokens at each step of the way, whereas token unwrapping is an activity that usually entails the use of only two tokens.<\/p>\n<p>For example, if a person has $fSNOW and wants to convert it back to its original shape of <strong>$USDC<\/strong>, they must go through numerous difficult processes. To begin, the user must withdraw $fSNOW from the Snowswap exchange and convert it for $fUSDC on a platform such as Harvest Finance (an automated <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming protocol<\/strong><\/strong><\/a>). After that is completed, the user is able to trade $fUSDC for $USDC.<\/p>","definition":"is the act of unwrapping tokens and returning them to their original condition in DeFi.","status":"published","meta_title":"What is Winding Down? Definition & Meaning | Crypto Wiki","meta_description":"Winding Down meaning: Winding Down - is the act of unwrapping tokens and returning them to their original condition in DeFi.","meta_keywords":null}"
:prev-section="{"id":819,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Whitelist","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-21T13:29:15.000000Z","slug":"what-is-whitelist","title":"What is Whitelist?","section":"W","keyword":"Whitelist","content":"<p>In the field of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies, the term \"whitelist\" can refer to a variety of things. In general, it is a list of approved and identified individuals, organizations, computer programs, and even <strong>cryptocurrency addresses<\/strong>.<\/p>\n<p>Whitelists are most commonly used in the context of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)<\/strong><\/a> or withdrawal addresses. After providing their personal details, investors that want to participate in ICOs are usually whitelisted. When it comes to withdrawal addresses, a whitelist refers to<strong> a list of cryptocurrency addresses<\/strong> that are deemed trustworthy. Only addresses on such lists are permitted to withdraw funds from exchange accounts.<\/p>\n<p>However, whitelists also refer to lists in users' email accounts to which they can add a certain crypto company’s emails to prevent them from <strong>going to spam folders<\/strong>. In addition, whitelists can also be lists of internet service providers to which cryptocurrency companies pay to be added.<\/p>","definition":"a list of individuals, organizations, computer programs, or even cryptocurrency addresses that are allowed and identified.","status":"published","meta_title":"What is Whitelist? Definition & Meaning | Crypto Wiki","meta_description":"Whitelist meaning: Whitelist - a list of individuals, organizations, computer programs, or even cryptocurrency addresses that are allowed and identified.","meta_keywords":null}"
:model="{"id":849,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Whitepaper","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-21T13:32:35.000000Z","slug":"what-is-whitepaper","title":"What is Whitepaper?","section":"W","keyword":"Whitepaper","content":"<p>When it comes to the crypto sector, <strong>a whitepaper is a type of document that outlines the technology behind the cryptocurrency project and highlights its main goals<\/strong>. <\/p>\n<p>One of the most well-known whitepapers in the world of crypto is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin’s whitepaper which was presented in 2008. Its main attributes were a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralization/">decentralized platform, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-peer-to-peer-p2p/">peer-to-peer payment system run on an online network, and irreversible transactions.<\/p>\n<p>It’s a requirement for any company that wants its project to be taken seriously by investors. It introduces the concept of the project as well as the elements that make it stand out among the many other startup crypto projects. <\/p>\n<p>Whitepapers are similar to litepapers, except the latter is much shorter in length. It can be considered a sort of summary of the whitepaper. <\/p>\n<h3>What is in a Whitepaper?<\/h3>\n<p>Whitepapers rely on facts to appeal to investors. The technology behind the crypto project is often explained by the implementation of research findings, statistics, and diagrams.<\/p>","definition":"summarizes the technology of a crypto project as well as what it hopes to achieve.","status":"published","meta_title":"What is Whitepaper? Definition & Meaning | Crypto Wiki","meta_description":"Whitepaper meaning: Whitepaper - summarizes the technology of a crypto project as well as what it hopes to achieve.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]"
current-chapter="W"
current-section="what-is-whitepaper">
