White Paper Approval

Definition ∞ White paper approval refers to the formal endorsement or acceptance of a white paper by relevant stakeholders, regulatory bodies, or a project’s governing community. A white paper outlines the technical specifications, economic model, and strategic vision of a blockchain project. This approval often signifies a milestone in the project’s development or regulatory journey.
Context ∞ For new cryptocurrency projects, white paper approval by a community vote in a decentralized autonomous organization (DAO) or a regulatory authority can significantly enhance legitimacy and investor confidence. This process establishes the project’s credibility and adherence to specified standards. The absence of such endorsement can raise questions about a project’s viability or regulatory compliance.