Carrot (💙,🧡)
Carrot (💙,🧡) 3 minutes reading from Bitcoin

What is a Bitcoin WHITEPAPER?

ON WHITEPAPER

Ever read the Bitcoin BTC Whitepaper?

On a scale of 1/10 how well did you understand what you read?🥲 Ikr cc: @MGH_DAO @ekolance @thenicolasweber

🧵

💎What is a whitepaper?

A whitepaper is a document released by a crypto project that gives INVESTORS TECHNICAL information about its concept, and a roadmap for how it plans to grow and succeed.

Source: coinmarketcap

From this definition, a whitepaper is for potential investors to see WHY they should be interested in a project.

The investor here includes the potential

costumers a brand/project will have, hence these individuals should be able understand what they read without strain.

I studied the Whitepaper of the following Brands: Bitcoin

Polygon @0xPolygon

Bitgert @bitgertbrise

And here is what I found 👇

💎THE

BITCOIN

WHITEPAPER

💫Use of technical language 💫Requires high level knowledge of blockchain to understand 💫The Abstract clearly stated the problem 💫The introduction explained how Bitcoin will solve the stated problem.

📌Not reader friendly

💎THE POLYGON WHITEPAPER

Polygon has a whitepaper and a lightpaper.

The lightpaper is an easy to read version of the whitepaper.

The Whitepaper is a bland highly technical black and white document with 13 sections starting from an Abstract to a Roadmap and Team.

💎THE BITGERT WHITEPAPER

The simplest Whitepaper amongst the 3. It is reader friendly and consists only two sections.

📌An introduction 📌A 5 year Roadmap

NOTES 💎 A whitepaper should satisfy WHAT HOW WHY

📉WHAT: The problem

📉HOW: The solution 📉WHY: The reason prospective customers should have interest in the brand and the benefits therein

💎A whitepaper should include a statement of the problem and the proposed solution.

💎It should include a feasible roadmap of how the project aims to solve the problem

💎 The Whitepaper is for EVERYONE interested in the project; these will definitely include individuals who may not understand deep technical terms, hence a whitepaper should be readerfriendly

💎The use of colourful Visuals might be necessary to enable readers understand the content

💎Usage of Less Technical terms will be better appreciated. This is

to aid understanding

Week 3 Assignment: @MGH_DAO

@ekolance

This post is based on this twitter thread.

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