What is a Whitepaper?

A white paper is a paper that is used to describe the theory behind specific technology. In short, it is the theoretical part of an invention. According to Hubspot, “A white paper is a persuasive, authoritative, in-depth report on a specific topic that presents a problem and provides a solution. Marketers create white papers to educate their audience about a particular issue or explain and promote a particular methodology. They are advanced problem-solving guides.”

A white paper is used to communicate about a product. I addition it acts as a guide during implementation since it shows the timelines, legal requirements and even the capital requirement. White papers have become very popular in the crypto world. A well-written whitepaper helps build credibility and trust.