A selection of academic papers relevant to Themelio that we authored
This paper describes our groundbreaking decentralized stablecoin design. Read to learn about the math behind a coin that holds a stable value without pegs, oracles, or centralization.
This paper describes Elasticoin, a way of issuing a token with stable minting cost that paved the way to the development of Melmint.
Bitforest, a naming system with decentralized trust, is a great example of a powerful "coin-driven" dApp built with UTXOs rather than smart contracts. Our paper describes Bitforest on blockchains with no significant scripting capability; on Themelio Bitforest would not need an untrusted central "helper". Read as an example of the surprising versatility of UTXO blockchain semantics.
Conifer is an earlier iteration of the Bitforest naming system. It has different semantics that allow most operations to happen off-chain, at the cost of introducing a tradeoff between performance and centralized trust. Read to understand how rooting trust onto a blockchain in an otherwise centralized and conventional system can greatly enhance security.