Your litepaper on the cryptocurrency project should articulate what your product aims to do, how blockchain technology will be applied within the project and how a token economy can support it. Especially in a space where transactions are lightning-fast, people also won’t want to waste their time going through various pages of something they might not find themselves invested in. But, let’s be real: Not everyone will read your entire litepaper. Now, imagine if you were to write down a watered-down lackluster version of your whitepaper? Of course, not everything boils down to your litepaper, you’ll have to ramp up marketing and promotional efforts as well. It can often be a potential investor’s first encounter with the ideas behind your project, the inner workings, the applications and more. Instead, writing your litepaper should be treated as a momentous first step in your ICO journey - it can literally make or break the success of your project. While it might be tempting (and easier) to treat your litepaper like a “stripped down” or “boiled down” version of your whitepaper by just lifting sections from it, it is not something you want to do. Once you’re ready with your product and are confident about it, the next step when starting an initial coin offering (ICO) is writing a really good litepaper. Here’s a quick comparison of the key differences between a whitepaper vs. Much like a trailer to a movie, a litepaper is short but with enough details about the project to arouse interest among its readers. It is designed to capture the interest of even those who may not have the time or inclination to read a highly technical paper. Meanwhile, a litepaper’s goal is to provide all the fundamental details about the project while keeping things “light,” so to speak. Much like an academic paper, your whitepaper is a well-documented record of all the details your investors would want to know about the project. So, technically, what is the difference between a whitepaper and a litepaper?Ī whitepaper is long, thorough and technical. It might be too tedious, or they might simply not have the time, despite their interest in or capacity to invest in a project.Įnter the litepaper, which, true to its name, aims to be a lighter version of the more comprehensive whitepaper. However, it’s still not for everyone, especially if you’re looking for investors.

Most crypto enthusiasts might take the time to read a highly technical paper that interests them. Whitepapers also tend to buckle down on the technical aspect of a project. However, given the fleeting attention spans of people in the digital age, reading a sixty-page or so document to see if a project interests you doesn’t sound practical. Today, whitepapers continue to be a valuable source of information concerning a crypto project.

Perhaps the most famous whitepaper thus far in crypto history is Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System,” published on October 31, 2008. You’re probably more familiar with the whitepaper, which is a requirement when launching a blockchain project in the world of crypto. It is a shortened more concise version of a whitepaper and serves to pique the interest of curious users and investors.

Briefly put, a litepaper can be considered a teaser version of a whitepaper.

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