Every cryptocurrency project sets out its aims and objectives in a whitepaper that contains the project abstract as well as all the useful information about how it works and what it will achieve. DogeMiyagi's (MIYAGI) whitepaper is full of information that is easily accessible for anyone to understand, while Ethereum (ETH) and Bitcoin (BTC) keep their whitepapers as a reference to their original vision, although the currencies have changed significantly since they were initially created.
DogeMiyagi: A New Chapter in Crypto
DogeMiyagi (MIYAGI) is a new meme coin still in development, and their whitepaper takes pride of place on their website, available for anybody to peruse. Designed in an eye-catching manner, MIYAGI’s whitepaper is accessible and enjoyable to read, with a perfect balance of being fun and engaging while providing readers with all the necessary information they need to educate themselves on the currency.
Within the whitepaper, MIYAGI outline their foundation principles, which are fourfold. Placing emphasis on the importance of education, patience, quality, and fun, MIYAGI has built this community-based coin on the Ethereum (ETH) blockchain, which they expand upon in this document. Because of ETH’s popularity, extensiveness, and eco-friendly approach to crypto, MIYAGI has selected its platform to build their currency on, and the whitepaper explains the utility and effectiveness of this choice.
Ethereum: Willing to Turn the Page
Ethereum’s (ETH) whitepaper is still available to read, but prior to the document, they have issued a statement expressing that it is a historical whitepaper, recognising the development and growth that the currency has experienced and directing users to new advancements made by them.
When first established, ETH operated on a Proof of Work consensus mechanism, which is outlined in this whitepaper, but since then, the coin has undergone a massive transformation in the past few months, transitioning into a Proof of Stake system that is far more eco-friendly with much lower energy usage. Because of this change, ETH is future-proofing itself by making the platform far more energy efficient, and the archival of their original whitepaper only stands as evidence that this cryptocurrency is willing to adapt to the needs and demands of its community and the demands that the wider world has for cryptocurrency as a whole.
Bitcoin: Might Be Left on the Shelf
Bitcoin (BTC) also has its original whitepaper available, and from their abstract, it is clear to see what a revolutionary concept it was in 2009 when BTC was originally launched, a peer-to-peer digital currency that allowed users to make transactions online without the need for the involvement of any financial institutions, completely decentralised from traditional banking corporations. This allowed, for the first time, for people to make payments online and hold their own money in a secure way that was not controlled by any external body and removed the need for any transaction fees by third parties.
As radical as BTC was when created, in comparing their whitepaper to that of Ethereum (ETH), it is clear to see that BTC has failed to keep ahead of the curve since launching in the way ETH has, as they still operate on their original Proof of Work consensus mechanism, that has been heavily criticised for some time due to the harmful carbon emissions connected to this.
Whitepapers are a key way for a currency to set out its intentions for the future, and DogeMiyagi’s (MIYAGI) future is a bright one, filled with education, fun, and a high-quality crypto coin. While some coins like Bitcoin (BTC) choose to continue following their original plans despite the changing of the times, Ethereum (ETH) have proven that a better way to consider the whitepaper is as a reference and a representation of the platform’s vision while allowing the future, and the community behind it, to shape the route that it ultimately takes.