A cybersecurity tactic known as “whitelisting” restricts a user to only performing tasks on their computer that have been specifically authorized by an administrator in advance.

Whitelists are either associated with Initial Coin Offering (ICO) events or with withdrawal addresses in the blockchain and cryptocurrency environments. For investors who are ready to take part in the public sale of their tokens, cryptocurrency projects may offer a whitelisting phase in the first scenario. Therefore, in order to be added to the whitelist, any investor who wishes to take part in the ICO must first submit their personal information.

A list of cryptocurrency addresses that people deem to be reliable is referred to as a whitelist when discussing withdrawal addresses. They would then be restricted from making withdrawals from their exchange account to the addresses that had previously been whitelisted.

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