Whitepaper is a public document that explains the planning, conceptualization, and technical content of a cryptocurrency.
Cryptocurrency whitepapers are available to the public on the web and are basically free to view.
This information can be useful in making decisions such as which virtual currency to hold. Investors check the contents of the whitepapers and then decide whether to invest or not.
The Bitcoin whitepaper is a document released by a person named Satoshi Nakamoto on October 31, 2008.
The document is titled “Bitcoin: A Peer-to-Peer Electronic Cash System” and is a simple whitepaper of only 9 pages.
The document states that Bitcoin is an idea for electronic money that can be transacted at low cost without the need for a third party such as a financial institution.