If you have spent any time in the cryptocurrency sector, or looking into initial coin offerings (ICOs), you know that the process revolves around "the white paper."
This is a document that lays out facts about the blockchain, protocol, or distributed application (dapp) that is being built, and describes how the tokens will work. Sometimes it is a deeply technical document. Other times it is mostly marketing.
I think it is mostly irrelevant.
Crypto investors love white papers, although I’m not sure they really read them. Mostly they skim them and ask "why can’t you do this with a database instead of a blockchain?"
It’s a valid question. Of course, it's also a valid question why you even need a database. You could use a spreadsheet instead, or even a comma delimited file. Or you could chisel your ledger on stone tablets too.
Read More Here: https://www.coindesk.com/scrap-white-paper-evaluate-tokens-blockchains/
