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**What is White paper? Effective ways to read White paper**

<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In today&apos;s technology world, with the explosion of Blockchain and Crypto, you may have heard the term White paper. This word appears commonly, associated with blockchain projects and emerging coins. So what is a White paper? Why is it important in the Blockchain industry?</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Let&apos;s follow this article to better understand White paper and how to analyze them most effectively.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">What is White paper?</span></h2>

![whitepaper](https://hackmd.io/_uploads/rk3FoK6SR.jpg)

<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><a href="https://g.co/kgs/zumEsW5" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">White paper</span></a><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">&nbsp;- A white paper is an informational document released by a company or non-profit organization to promote or highlight the features of a solution, product or service they offer or plan to provide. supply plan. It is an authoritative, research-based document that presents information, expert analysis and the organization or author&apos;s insights on a topic or solution to a problem.&nbsp;</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In the field of&nbsp;</span><a href="https://g.co/kgs/jiDNbV8" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">cryptocurrency</span></a><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">, a White paper is a detailed document describing the ICO project that a business is about to launch. By publishing the White paper, businesses explain the technology and purpose of the project they are implementing.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Meaning of White paper</span></h2>

![whitepaper (1)](https://hackmd.io/_uploads/HJ9TnKpHC.jpg)

<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The significance of a White paper lies in providing specific and transparent information to the community and investors about the project. It helps them gain a clear understanding of the project&apos;s goals, implementation methods, and potential.&nbsp;</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Moreover, the White paper serves as a tool to verify the feasibility and innovation of an idea, enabling readers to make investment or support decisions based on accurate and logical grounds.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">White paper composition history</span></h2>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The term White paper was first used by American professor Michael Stollaire in 2013 to describe the document introducing</span><a href="https://g.co/kgs/6GS2Vzc" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">&nbsp;</span><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Bitshares</span></a><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">&nbsp;cryptocurrency. Since then, White paper has become an important part of introducing blockchain projects and attracting the attention of the community and investors.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Main components of White paper</span></h2>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The main components of a White paper usually include:</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Outline/table of contents: Provides the overall structure of the document.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- &nbsp;</span>Introduction: Describe the problem and why the proposed solution is necessary.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">-&nbsp;</span>Function: Explains the purpose and how the product/project works.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">-&nbsp;</span>Consensus mechanism: In the field of cryptocurrency, this section explains how nodes reach agreement in the blockchain network.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- &nbsp;</span>Real-life examples: Provide specific examples of product/project usage.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- &nbsp;</span>Information about the research team: Introduction to the team behind the project.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Roadmap: Describes the development stages of the project.</span></p>
<p><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Financial information: Details about capital sources, how to mobilize and use capital.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The role of White paper in the blockchain industry</span></h2>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">White paper hold an extremely important role in the Blockchain industry because they:</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Provide transparent information</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">White paper offers detailed, transparent information about a project, helping investors and users understand the project&apos;s goals, technology, and operational mechanisms. They provide readers with a comprehensive and in-depth view of the project and its feasibility.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Build trust</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">A high-quality White paper that is clearly written, logical and easy to understand enhances the project&apos;s credibility and reliability. Projects with comprehensive and well-crafted White Paper are often rated higher and attract more interest from investors and users.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Guide project development</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">White paper are also crucial documents for outlining a project&apos;s future goals and development plans. They help readers understand the project&apos;s progress and direction, providing guidance for its future trajectory.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">See more related articles</span><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">:</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#ff0000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">🍂&nbsp;</span><a href="https://azcoin.org/stellar/" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">https://azcoin.org/stellar/</span></a></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#ff0000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">🍂&nbsp;</span><a href="https://azcoin.org/first-digital-usd/" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">https://azcoin.org/first-digital-usd/</span></a></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Effective ways to read White paper</span></h2>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">To effectively read White paper, you can follow these steps:</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Read the abstract: Before diving into the entire White paper, start by reading the abstract to understand the project and how it operates.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Learn about the technology: If you&apos;re not familiar with blockchain technology, it&apos;s beneficial to gain some understanding beforehand to comprehend the technical aspects within the White paper.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Read in plain language: Not everyone has deep technical knowledge, so projects should use simple language to explain technical concepts clearly.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Conduct&nbsp;</span><a href="https://g.co/kgs/acJK9cJ" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">SWOT analysis</span></a><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">: To assess the feasibility of the project, you can apply SWOT analysis to the White paper.</span></p>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">- Engage with experienced individuals: Whenever possible, discuss the project with individuals who have experience in the field to gain insights into the project and its viability.</span></p>
<h2 dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:16pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Summary</span></h2>
<p dir="ltr" style="line-height:1.7999999999999998;margin-top:0pt;margin-bottom:0pt;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Hopefully, this article has helped you better understand the White Paper and how to read it effectively. To research and invest more effectively, use reputable&nbsp;</span><a href="https://azcoin.org/best-crypto-exchanges/" style="text-decoration:none;"><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">best crypto exchange&nbsp;</span></a><span style="font-size:12pt;font-family:Roboto,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">information sources like AZcoin to learn details about projects and investment opportunities in the field of cryptocurrency.</span></p>