White Paper

Definition ∞ A white paper is an authoritative document that outlines the problem a blockchain project aims to solve, its proposed solution, the underlying technology, and its economic model. It serves as a foundational text for potential investors, developers, and users, detailing the project’s vision and technical specifications. This document is typically released before or during the initial launch of a cryptocurrency or decentralized application. It provides comprehensive information about the project’s objectives and implementation.
Context ∞ White papers are crucial documents in the digital asset space, often serving as the initial point of reference for news articles and analyses of new projects. Scrutiny of a white paper’s technical depth, economic feasibility, and clarity is common, as it significantly influences market perception and investor interest. The quality and integrity of a project’s white paper are often indicators of its credibility.