Producing a whitepaper is key a step required for a crypto startup to be considered legitimate and professional, as it helps investors understand how a business is different from rivals in the space.

Whitepapers explain the purpose and technology behind a project.

A P2P distributed timestamp server. This would generate mathematical proof of an order of different transactions.

Whitepapers different from litepapers, which tend to be shorter, less technical and easier to understand.

White papers are also used as a method of presenting government policies and legislation and gauging public reaction.