Crypto Whitepaper: The Surprisingly Ignored Fundamentals in the Crypto Space

What is the function of a Whitepaper?

The term Whitepaper originated from government papers that were often color-coded to indicate distribution with white designated for public access. It basically is an authoritative report or guide that often addresses issues and how the entity is planning to solve them using their ideas or approaches.

Source: https://brightnode.io/how-to-write-a-whitepaper-for-a-crypto-project/

Why is it often ignored?

We have obviously seen the developments of the cryptocurrency space lately and it definitely is not what Satoshi Nakamoto imagined when he created Bitcoin in 2008. Bitcoin was meant to be a new payment system that was significantly better than fiat money but its role has significantly changed as right now it is more of an asset or commodity which people can trade and sometimes gain returns overnight. This is also obvious why terms like Market Cap are utilized more in the market even though they project a vague perspective of how good the coin/token really is.

Source: https://www.linkedin.com/pulse/why-cryptocurrency-cannot-ignored-anymore-navin-jayan

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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/