White pages cryptocurrency
There are different consensus mechanisms to consider, such as proof of work, proof of stake, and variations of these two. Consensus is critical because it tells us how different nodes in the network can tell if a transaction is true or false without directly communicating with each other. This is the bedrock for decentralised technology.
How the initial coins were distributed Many crypto projects will have initial token distributions using pre-mined coins, especially in proof of stake projects. You should check how these coins were distributed. Sometimes, a significant portion of the initial coins is offered to venture capitalists and project developers. This is often a sign of a pump and dump scheme and restricted project growth, respectively. Technical explanation of the project Typically, projects will try to simplify how the network functions using graphs and summaries.
You should try to understand the big picture of the project and not worry about the minute technical details of the whitepaper. Project timeline The timeline of a project will tell you the working plan for the next few months. It will include details like when sales will start and when the token will be launched. You should consider these essential factors while reading a whitepaper, but they are not the only ones. But this guide is a starting point for your journey.
You will get more proficient in understanding the pros and cons of a project as you read more whitepapers. Normally business owners publish photos of the team to increase trust and introduce themselves to potential contributors; good quality and a consistent style are both important. For example, ask the team for official-looking photos and make them black and white.
Corporate template and company identity if any At the top of all the design elements lies the visual style and identity. Some start-ups have already developed a corporate brand book that they expect all website designers to follow. For example, if you have an ICO backed by an adult store, try to steer clear from a provocative white paper design, as it might seem irrelevant in terms of an ICO campaign.
Add more white space Nevertheless, in some cases designers are too serious about white papers, so they just put text into pages as it is. Small margins, minimal white spaces, and endless text sheets without graphics are likely to make your readers bounce. Enhance with colors Sometimes the ideas go beyond the corporate style colors, so you can create your own color palettes within a white paper using a color wheel; try Adobe color CC tools and the tips from our recent article.
Use bright color accents to enhance a hierarchy of information and highlight the essentials. Effective ideas also include infographics to summarize the main points, as well as pictograms, or even maps for geographical information. Symbols and icons Icons, symbols, and color boxes help you to illustrate your ideas and direct readers to the key parts of the text.
CRYPTO CURRENCY REDDIT VIDEOS
The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features such as Litecoin , while others are very different, with varying models of security, issuance and governance.
However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin. What Is an ICO? ICO stands for initial coin offering. Many of the smaller projects in the crypto space — and a few of the largest ones — raised money from private investors around the world in the crypto equivalent of a crowdfunding campaign.
Investors would send funds — usually in the form of Bitcoin — to the project and receive coin or tokens in return. In , the United States Securities and Exchange Commission SEC clarified their rules relating to fundraising for assets, which made it much harder for new cryptocurrency projects to issue their own tokens in this way. What Is a Stablecoin?
Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.
These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. What Are In-game Tokens? Play-to-earn P2E games, also known as GameFi , has emerged as an extremely popular category in the crypto space.
It combines non-fungible tokens NFT , in-game crypto tokens, decentralized finance DeFi elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time and sometimes capital and playing these games. This game was extremely popular in developing countries like The Philippines, due to the decent income they can earn.
Which Is the Best Cryptocurrency to Invest in? CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales.
However, they are far more meticulous, detailed and often technical compared to typical marketing copy. Most whitepapers feature a similar, primary structure, which is essential to keep in mind when reading or creating them. The Outline Introduction An outline distills the premise of a project down into one or two short paragraphs. Key questions to ask when creating an outline: What problem is your token, crypto, or network trying to solve? How does your technology help solve that problem in an innovative and groundbreaking way in a few sentences?
It explains why this creates added transaction costs, makes irreversible transactions impossible, and makes some degree of fraud unavoidable. Satoshi starts discussing his solution with the problem laid out: a peer-to-peer payment network based on cryptographic proof. This is where things can get technical, explaining consensus mechanisms, incentive systems, block sizes, governance, tokenomics, and the like.
Key questions to ask when drafting the solution: How does my project solve the problem mentioned in the outline? What market niche does this project fill? Also, it talks about proof-of-work and network nodes, which form a digital payments solution. Lastly, it includes visuals and charts to help readers struggling to understand these novel concepts. Bitcoin is the first cryptocurrency ever. So, it requires more time to explain some of these mechanisms.
However, today, the crypto community understands concepts like proof-of-work, blockchain, and node operation. So, up-and-coming projects do not have to go into detail about them when developing their white papers. Instead, authors may focus on providing their ICO project budget breakdowns.
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