What is a Whitepaper?
A Whitepaper is how you know if a blockchain brand is telling the truth. A Whitepaper is a statement from a company of their Tech, Team and Intentions. If you know how to read them correctly, you can divine insights that help you decide if this brand is right for you.
Whitepapers are usually found at the company website and for the blockchain industry, usually outline the following.
Why we are building this solution
Why we feel blockchain technology is necessary to solve the problem
What type of blockchain technology will be used
Validation and Governance protocols
Tech stack interactions
Tokenomics, TVL and Yield Curves
Additional Blockchain Terms and Technology Scope
Researchers, Wall Street and Capitol Hill are using Whitepapers to forecast and measure the brand’s potential. This is done by understanding the terms used, the technology feasibility and the team’s likelihood to pull it off.
All these things can be measured. One of the most popular ways to “peek under the hood” of a blockchain brand is to do a google search. This will reveal their public facing links like website, social media content, podcast/webcast appearances and public speaking engagements. Listening to the consistency of their brand messaging compared back to what is outlined in their whitepaper is an important part of research before you open your wallet to any blockchain brand.
Whitepapers are a public statement of trust between the brand and potential consumers.
Do Your Own Research and discuss within your community. Join blockchain communities and investigate the data points behind blockchain brands.
Learn to speak blockchain to understand the thought leaders of the next decade.
