Scrap the White Paper: How to Evaluate Tokens and BlockchainssteemCreated with Sketch.

in whitepapers •  7 years ago 

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/

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