|Greetings to all!| |-|

Asslamo-alikum to all of my friends of **Steem Alliance Community**.Is everything is ok? my friends.I'm very fine and here in this community for the first time for posting.Today's post topic is the white paper in the cryptocurrency.I will explain it briefly with different points. |

What Is White Paper In Cryptocurrency?

| |-| **Definition**:- White paper is the short and important summary of the any cryptocurrency's project that the owner of projects provides to the blockchain.It includes all the major information of the project to run the project on the blockchain in cryptocurrency.This paper summarize and important information of all about the project, it's future, investment, purpose etc. ![image.png](https://cdn.steemitimages.com/DQmQjBv92ndVy1FyWnBbX5KkEMVKdwQL38UrWU77SGiMx54/image.png) ^{[Freepik](https://www.freepik.com/free-photo/glasses-calculator-coins-tablet-white-neat-desk_1168080.htm#query=white%20paper%20in%20cryptocurrency&position=9&from_view=search&track=ais&uuid=19567853-8c3f-40c0-8f18-a011fcbbf57c)}

Explanation:- White paper can be generated in different form but the main purpose is to provide the real and important information to the investors for enhancing them to invest in the project, because it includes the benefits and future, also the goals of the project.This can be easy and simple that describe the each aspect.

White paper in the cryptocurrency has been written in a academic form, and the most important thing for the investors in this white paper is that, if any project has white paper, then it's not sure or confirm that the project is the very qualitative.So, don't do investment on the basis of white paper. |
Important Components In White Paper
| |-| - 0:- All The Content In Paper - 1:- Introduction Of The Project - 2:- Main Function Of The Project - 3:- Whole Mechanism Of The Project - 4:- Sketch Of Investing Strategy/ Rules. - 5:- Conclusion In The End.

So friends, these are some important and major components that must includes in the official white paper of any project in the cryptocurrency's blockchain.By reading all these we can guess the wealth of crypto project. |
Importance Of White Paper
| | - | Importance:- White paper in cryptocurrency has so much importance, because in this era in which cryptocurrency is very important.Many developers introducing new cryptocurrencies in the cryptocurrency market.It is very necessary to do gai. investment from the investors for the growth in future of the project.The importance of white paper is that it includes all the major information of the project.

The developer provides all the information to the investors in the forn of white paper of the project.After that these investors read the white paper and did some research and if they found the project good, then they did investment in the project, which is very important for growth of the project in cryptocurrency.It explain the whole wort of the project to the investors and that's why it's very important. ![image.png](https://cdn.steemitimages.com/DQmaUuGQjG69XnEBKFpa6wKQk3vzGACRuvyytPiKK1DeByT/image.png) ^{[Freepik](https://www.freepik.com/free-photo/ripped-paper-revealing-bitcoin_5481310.htm#query=white%20paper%20in%20cryptocurrency&position=13&from_view=search&track=ais&uuid=19567853-8c3f-40c0-8f18-a011fcbbf57c)}

It's also very important because in this system, everyone is searching for better investing projects and instead of doing other research, it's better to read the white papers of different crypto projects and in which you find quality, then do investment in the project.These are the important reason about the importance of white paper in cryptocurrency.

Conclusion:- So friends that's all about the white paper in cryptocurrency.Overall, it is the summary of complete information of cryptocurrency project in the blockchain.It allows investors to do investment in the project.I have explained it very briefly and also share about it's Importance.Hope all of my friends will read my post and get knowledge about white paper in cryptocurrency. _{Posted using [SteemPro Mobile](https://play.google.com/store/apps/details?id=com.steempro.mobile)}