A cryptocurrency's white paper serves as a manual for its technology, features, and objectives. Its goal is to present the project to a fresh group of potential users and backers.
White papers on cryptocurrencies are typically written in an academic style and contain technical data, statistics, and diagrams. Before the debut of a new cryptocurrency, the creators publish a white paper to spark interest, particularly if they intend to undertake an initial coin offering (ICO) to raise money.
The challenges that a cryptocurrency is trying to solve should be covered in a white paper. They should cover this topic as soon as possible. The technical details of the cryptocurrency should also be covered in the white paper. Pay attention to how it verifies transactions and increases the number of tokens in circulation.