Whitepapers: What They Are and Why They Matter in Crypto

Test Your Knowledge

1. What is the main purpose of a whitepaper in the context of cryptocurrency and blockchain projects?

A) To advertise the project to social media influencers

B) To showcase the price predictions of the token

C) To provide a detailed explanation of the project’s purpose, technology, and vision

D) To offer legal protection to developers

2. Which of the following is typically NOT a key section found in a cryptocurrency whitepaper?

A) Tokenomics

B) Team and Advisors

C) Marketing Buzzwords

D) Roadmap and Milestones

3. What revolutionary mechanism was introduced in the original Bitcoin whitepaper by Satoshi Nakamoto?

A) Delegated Proof of Stake

B) Proof of Work

C) Smart Contracts

D) Proof of Authority