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.
Related Terms
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
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