We are pleased to announce our next AMA on January 11th 2022 at 01:00 PM UTC Time: Satoshi Club x Themelio
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Themelio Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Themelio Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Themelio
For more details:
Themelio Website – themelio.org
Themelio Telegram – @themeliolabs
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Themelio- you did say provides a uniquely flexible and useable UTXO- based data Model; and MelVM, a turning-incomplete yet expressive covenant language, empowers complex dApps with stronger security guarantees and higher performance with it’s straightforward semantics eliminating unintuitive corner-cases. Could you please explain to us what you meant by this unintuitive corner-Cases under Themelio- blockchain? What does Themelio uniquely flexible and useable UTXO- based data Model provides under your Ecosystem? Lastly, what is the use case of the UTXO-based data Model? Please detail us
I read Themelio is recently entering the betanet phase of it’s roadmap although the tooling is far from complete, however have a feature-complete persistent mainnet and testnet running which a gamer can participate in, thin client or full node with the thin client option providing a Themelio wallet, and in which case a gamer must use the headless wallet daemon melwalleted and the melwalleted- cli CLI tool; and promises to soon introduce a user-friendly GUI wallet. Please with your idea of introducing GUI wallet of a user friendly nature soon, are there challenges inherent in the various wallets already in existence in your ecosystem and why are those Challenges if any? Please detail us And lastly, detail us about your headless wallet daemon, Mel walleted and the melwallat cli-CLI tool and their use cases?
Themelio i have done multiple research on your blockchain i just want to know the future prospects of themelio? and i also want a very precise answer of how themelio intends to aproach the very critical plight of blockchains in the ecosystem?
I understand that in Melmint, nominal DOSCs (nomDOSCs) are minted by creating a DoscMint transaction with a proof of sequential work over its inputs. This nominal DOSC is then continually converted through Melswap into Mel, and used to pay transaction fees. And also, any excess is sent back to the backup wallet. Can you elaborate more on how to create DoscMint transaction? How can users access the Melswap feature for converting DOSC to Mel? Will there be added fees for the conversion of DOSC to Mel usidng the Melswap feature?What will the excess Mel sent to the backup wallet be used for?
I understand that to transfer money successfuly, melminter requires the backup wallet to be unlocked, and will fail if it is locked. It’s strongly recommended, however, that the backup wallet be kept locked unless melminter is being run for the first time, so that its private key is not exposed in memory for longer than needed. Can you tell us why the transfer of money will fail if the backup wallet is kept locked? In terms of private key exposure? What is the difference in running the Melminter for the first time and running for the second time? What is the maximum duration needed for a private key exposure? What are the consequences for exposing a private key in memory longer than needed?
Hello Themelio Team,
One common issue to all stablecoins targeting an exchange rate to an asset external to the blockchain is that there is trustless way of measuring the value on the blockchain and in order to solve this issue, you introduced Melmint, a algorithm to mint asset known as Mel and Mel is an Endogenous Stablecoin. Can you elaborate more on Melmint Algorithm? How would the Melmint Algorithm work to ensure that MEL maintains a stable value without being pegged to external assets such as U. S dollars or Gold? I am also not really familiar with Endogenous coins, so Can you also explain on Mel, an endogenous Stablecoin and its usecases? Can you explain on why you choose to make MEL an Endogenous Stable coin and what advantages will MEL as endogenous Stable coin Bring to the Themelio ecosystem?
Talking about the technical point of view of Themelio
Unlike most projects who uses price Oracle, Themelio chooses to use an auction mechanism to measure the on-chain value of a day of sequential computation (DOSC). Can you explain more on the Auction Mechanism which Themelio protocol will use to measure DOSC? Why do you choose to adopt an Auction mechanism instead of Price Oracle like most current Projects? What are the advantages of use an Auction mechanism to measure the on-chain Value of DOSC instead of a price oracle?
Theres a feature that got my attention, in Themelio ecosystem which is the Minting Mels with Melminter. Please i would like to understand how these process works, as i understand that Mel is an Asset in your ecosystem, and that melmint is an Algorithm that mints Mel, can you further Tell us the user cases of MEL? What are it Values, and how is these minting process carried out? Does it require any form of Payments? And what Are the Basic Applications of these Mel Asset? Does this minting process require Some Specific Experience? & I would also like to point out that these whole processes might get A little bit confusing to those who have Zero Knowledge of Crypto or the use of Algorithms.. So is there a guide to which we could access to further Understand these processes?
I saw that Themelio has launched its Betanet. And i also understood that we can also participate in it, and in other for us to get started, and try transacting in some placeholder “Monopoly money”, we’d have to use your Alphanet Wallet. Can you please give us specifics on these Alphanet Wallets? What are its features & functions, and where can we get it from? I also saw that in other for us to use Themelio wallet, we’d have to use the “headless wallet daemon” which are Melwalletd and the melwallet-cli CLI tool, can you please tell us why users have to go through all these steps in other for them to start transacting? Are there any plans in the future for a more simplified User Friendly Single Wallets like Trust wallet, or Metamask?
You have taken time to dig into the shortcomings of the existing blockchains such as Bitcoin, Ethereum, EOS, Tezos and many others. Chief among the limitations of current blockchain that you identify is “Lack of Endogenous trust” while other shortcomings are nodes vote-buying, lack of cryptoeconomic incentives and security violation. Can you explain how Thermelio blockchain is designed to address some of the blockchain limitations especially as it has to do with solving the problem of lack of Endogenous trust? How is your blockchain designed to autonomously improve itself and how will minimise application blockchain friction in order to become an ideally immutable blockchain?
(From twitter) Themelio is the blockchain that doesn’t change. Radically simple, it provides a highly reliable base layer that’s a permanent root of trust.
I understand that Themelio wants to build up trust by not changing it’s self and that you want to build up root of trust.
How will you keep the blockhain same and what will happen if some bug or mistake happens on blockchain that doesn’t allow it to work?
Currently there is running survey and by completing it, we will be able to get 0.1 MEL guaranteed and chance to win 100 MEL which is about $30.
I’ve done survey. At the end it asked me for my mail and not for my address.
So my question is how are you gonna disturb these free tokens when we didn’t submit our addresses, but emails?
Your token $MEL is said to be the first truly decentralized, fiat-independent stablecoin. Can you explain how MEL stability is attained when it is not pegged to a fiat? How does it bridge the dichotomy between trustless minting and low volatility of conventional cryptocurrencies and how does it tackle the systemic risks of oracle-based fiat peg stablecoins? Lastly, since you have only mentioned stablecoins, does it mean that the only currency you will have is this stablecoin? Are there no plans for a secondary token that will have a feature of a regular crypto asset and which can be suitable for trading, governance or other utilities?
Themolio is developing its own unique uniquely flexible and usable UTXO-based data model known as MelVM. Can you explain more about this virtual machine and how it operate similarly or better than the popular Ethereum Virtual Machine (EVM)? Will developers need to learn additional programming language in order to be able to build application stacks that are MelVM compatible and can it be used to facilitate cross-chains dApp deployment similarly to what is obtainable on EVM compatible protocols? Also, can you explain how MelVM empowers complex dApp and how it grants better security guarantee?
One of your feature”Synkletos Themelio’s Collusion Resistant Consensus Mechanism” caught my attention.To truly achieve incentive-compatible security you can not rely on the typical approach of considering ideal honest behavior neither will the game-theoretical analysis of multi-party coordination be solve.So how will the use of Synkletos consensus algorithm play an important role in simplifying incentives analysis?Do you think that the use of Synkletos proof of stake is efficient when compared to Proof of Work(PoW) and Proof of Authority (PoA)?Can you briefly tell us of the Synkletos security and stability?You also said that by using Synkletos mechanism you are aiming for “despot stimulation”can you tell us what that means? Thanks
Your roadmap revealed that this project started as an idea in 2014 and actual work commenced in 2016. Despite these long years, your blockchain will only be released in the first quarter of this year. It must have been such a long journey all the way. Can you share with us some of the challenges or milestones that your project had encountered or surpass during the previous years? Why did your project had to spend such a lengthy period in developmental and iteration stage? How confident are you that your MainNet will be live and running in Q1/2022 as scheduled? Since your roadmap ends in Q1/2022, what will be the next focus for your project after this?
I notice that participant in Themelio are divided into three nodes categories.They are Stakeholders nodes,Auditor nodes and Client nodes.So for the Stakeholders nodes,you said that anyone can become a stakeholder by locking up a significant amount of crypto asset as collateral.So can you state the type of crypto asset to use as a collateral since there are various types in the market, including the % of these assets?And how long will their asset be locked?As for the Auditor nodes,you said that they make consensus failure catastrophic.Cam you please explain more on that?For Client nodes,they query any data sent across to them that are invalid.But I noticed you have Thin Client and you said they are both thinner and safer than thin clients in other systems.What do you mean by “they are thinner and safer than thin clients in other systems”?Please explain Thanks
I read on your website that Themelio is still under heavy development, recently entering the betanet phase of our roadmap. Which means that although the tooling is far from complete, you do have a feature-complete persistent mainnet and testnet running. And in participating once can participate by running a thin client or full node. When will the testnet and mainnet start running? What are the features of each of the Mainnet and Testnet? Are there Incentives or benefits attached to participating testnet? What are the distinct differences between the thin client and full node when participating?
I notice that apart from $MEL token,Theomelio also uses a special secondary currency the $SYM.So can you tell us the total supply of $SYM?What are the usescases of this special currency?And you said that you hand-waved $SYM as having “equity-like” properties,so can tell us what that means?And I noticed that $SYM can be used for staking which can also provide voting rights to users.So will the right to vote be in proportion to the amount of $SYM staked?For those who wish to just and not vote,what will the least amount of $SYM to stake?So can you tell us the period of time one can stake?Is $SYM currently available and in use for trading?Please kindly provide more details about $SYM in its proof of stake mechanism.Thanks
I notice that apart from $MEL token,Themelio also uses a special secondary currency the $SYM.So can you tell us the total supply of $SYM?What are the usescases of this special currency?And you said that you hand-waved $SYM as having “equity-like” properties,so can tell us what that means?And I noticed that $SYM can be used for staking which can also provide voting rights to users.So will the right to vote be in proportion to the amount of $SYM staked?For those who wish to just and not vote,what will the least amount of $SYM to stake?So can you tell us the period of time one can stake?Is $SYM currently available and in use for trading?Please kindly provide more details about $SYM in its proof of stake mechanism.Thanks
learnt that Consensus- breaking updates like “hard forks” and “protocol upgrades”ultimately force all Blockchain users to rely on external trusted parties for trusted security. This weaken the very basis of blockchain decentralised trustless security and destabilises whole ecosystem.please I am curious to know what consensus breaking updates is and how the ” hard forks” and “protocol upgrades” will weaken the basis of a blockchain decentralised trustless security and destabilise the ecosystem?,please can you share with us in what specific way Themelio will solve this problem? what are the core features in Themelio that gives it an edge over other Blockchain platform?
In order to combat the problem of weak endogenous trust, that most blockchains have today, themelio is making use of a new blockchain paradigm, layer-0 endogenous trust engine, that acts as a bare-bones root-of-trust infrastructure for supporting endogenous trust in decentralized applications. Can you explain to us the concept of these new technologies and how it will further strengthen trustless transaction associated with DeFi? Also, what have you put in place to ensure security of assets on these layer-0 endogenous trust engine ?
From your website, i read that Themelio is still under heavy development, recently entering the betanet phase of our roadmap.This means that although the tooling is far from complete, we have a feature-complete persistent mainnet and testnet running. You can participate today by running a thin client or full node. You mentioned that themelio is recently entering the betanet phase of your road map, Can you please elaborate more on this betanet phase of your road map and how they work? You also mentioned that you have a feature-complete persistent mainnet and testing running, Can you please tell us how it will work?What are the requirements needed for users to be able use either the thin client or the full node for better transactions on the Themelio network?Thank you.
One of the unique characteristics that $MEL is said to have is that it is an endogenous stablecoin. This means that unlike the fiat-pegged stablecoins (e.g. USDC and DAI) on which the DeFi ecosystem depends that inherently relies on exogenous trust in oracles, central issues etc; $MEL has an issuance mechanism entirely based on endogenous trust. Can you give more information about this? Why did Themelio decide to make use of an endogenous stablecoin and how will the features of an endogenous stablecoin benefit the Themelio ecosystem and its users?
Faced with such a volatile market and considering possible downward trends, how they can avoid the massive sale due to panic, how they can avoid a monetary collapse or lack of liquidity at a certain moment, by the time they estimate that Mel can be listed on the main exchanges, they have mentioned that they plan to carry out the stable launch at some point At the beginning of 2022, do you have any estimated date, what is currently the real value of Mel, from when the protocol specification will be permanently frozen?
Because they have decided to create Themelio as a public chain, Mel is really a stable coin, which are the three key areas that Themelio has focused on to achieve the extreme stability it offers to its community, can you explain to us in simpler, not so technical terms please what or how the value of Mel is supported, what is the biggest challenge that Themelio can face at present and in the long term?
What is the degree of dependence between Themelio and MEL, which is the main difference between MEL and other stablecoins such as Bitcoin and Ethereum, despite the fact that Mel is designed to maintain a relatively stable purchasing power over time that stability can falter at some point, which Factors can weaken it and produce significant changes in the price, what mechanisms does Mel use to create this impermeability, how can we check the stability of Mel?
As a user of Blockchain my need is that the Blockchain should be fast enough to complete a transaction and the Gas fee should be negligible not like Ethereum. So can you tell how much time it takes to complete a transaction and What will be the fees required to do a Transaction?
I understand that the second Innovation that sets Themelio apart from other blockchain is it deeply-coined application interface . please can you give more insight on what the deeply-coined application interface is and it unique features?what are the roles and function of deeply-coined application interface on the ecosystem?
You advertise Themelio as a new kind of public blockchain designed as a immutable trust substrate, powering unparalleled stability, security, and performance for the next generation of decentralized apps. Muchos otros proyectos dicen ser estables y seguros, me gustaria saber de que forma Themelio sera capaz de mantener una estabilidad, seguridad y una actuacion ejemplar desde el momento de su lanzamiento, hasta su adopcion masiva por parte de los usuarios? que hace a Themelios estar tan seguros de poder lograr esto en el mediano-largo plazo?
On your web page i read that Themelio’s base currency, Mel, is the world’s first truly decentralized, fiat-independent stablecoin, also i read that it wont work with an oracle as other stablecoins, i would like to konw how is $MEL going to work in order to maintan stability over time, and why do you call it a truly descentralized stable coin?.
The competition in Blockchain is very high and there are already very good Blockchains available in the market and I like BSC and Polygon most because of less fees and fast transaction. So can you tell me What advantages Themelio will have in comparison to these established Blockchains? Why should people choose Themelio over other Blockchains?
Tell us a little more about the design of Themelio, tell us how it differs from other blockchains, how it improves the user experience, what problems are solved with Themelio and how it provides an immutable root of trust, security and transparency to a diverse ecosystem such as cryptocurrencies?
Could you describe the Themelio blockchain in a general way, tell us what are its key bases to be stable, competitive and sustainable in the long term, tell us, what is the core functionality of Themelio and the possible applications?
I read that Themelio’s unique cryptocurrency, the Mel, is the one that achieves low volatility similar to that of a stable coin without compromising decentralization and security, so how exactly do you achieve this, tell us about the plans and strategies you have designed to achieve low volatility as you mention and take the opportunity to tell us, what use cases does Mel have in Themelio, where can you buy it and how many ways can you earn in Themelio?
I learnt that full nodes replicate every consensus-confirmed block, validating its content and ensuring network security while providing a local cache of the entire blockchain state. It is said that running a full node helps contribute to the security and performance of the network. Can you give more information about the process that users must follow in order to setup a full node? Is there any guide that users can refer to in the case of any confusion about the process? I also learnt that there are two kinds of full nodes which are; “Auditor” and “Staker”. What are the major features and differences between these kinds of full nodes?
You recently posted a survey on Twitter. And say completing the Survey is a great way to get your first MEL. What is the essence of this survey and for what purpose is it organized? After completing the survey and sending the email address, I have not yet received a welcome email, no notification. Please tell me, in addition to passing this survey, which involves obtaining a MEL token, what other ways are there at the moment to get it or earn it?
Themelio is designed not to change. That means a robust, low-level blockchain inspired by core Internet protocols. But if Themelio does not support modifications or updates, how does it stay ahead of an ever-changing world to deliver the latest technologies of the day? How does your security philosophy adapt to this reality?
Themelio is a traditional sharded blockchain. My question is, how do you manage that despite this, applications using it can easily achieve great performance with your design that can protect layer 2 protocols without implementing full nodes? With your model, layer 1 Dapps can also get benefits?
I learnt that you built ‘BoringDB’ which is said to be an open-source key-value embedded database which is used extensively by Themelio nodes. Can you give more information about this? Can you give a detailed explanation about the architecture of BoringDB and how it can be used? At the moment, there are many key-value databases available and most of them seem to be good enough for production blockchains. Why did you decide to write a new database instead of using one of the numerous key-value databases available?
I would like to know more, in which social networks you are currently actively working and promoting the project? I noticed that the Medium account has not been updated for a long time, the last article was published on June 19, 2021, and even the link to Discord is no longer active for the transition. As for Discord himself, active communication there continued until the new year, and now there is silence.
From your website, it shows that you take great care of the public safety when purchasing the tokens. How are you protecting the community that has invested in the project? Any audits?
Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?
Can you tell us about the background and experience of your project DEVELOPMENT TEAM? And how will they carry out your project during the current pandemic?
I understand that A decentralized stable-value asset completely demolishes the false dichotomy between trustless issuance and low volatility. With money that is independent of both the systemic risk of oracle-based fiat pegs and the extreme volatility of conventional cryptocurrencies, Themelio promises a fundamental breakthrough in decentralized financial applications.decentralized finance allows us to handle a number of financial applications – like investing, insurances, exchanging, borrowing, and lending in a more efficient and transparent way. How do this Stable value-assets demolish the false dichotomy between trustless issuance and low volatility? Are users allowed to continuously use this real-word assets? What will happen if borrowers can not afford to pay back their loan?
I have read that Melmint uses an oracle-free system that does not attempt to link Mel to any external asset and that they have defined a new unit of measurable value without trust, called DOSC, but can you explain what DOSC is, how it works and what is its importance within Themelio?
I have read that Themelio has four phases of development, so could you tell us what they are, give us a brief description of each one of them, explain their importance and finally tell us in which phase of development you are currently and when you foresee to finish it?
Tell us a little bit about the story behind Themelio, why you decided to build it, what problems you want to solve with it or how you want to improve the user experience, tell us also what opportunities you are building with Themelio since its launch and take the opportunity to tell us what is your roadmap and what are your future plans with Themelio?
I that Themelio is a new kind of public blockchain designed as a radically immutable trust substrate, powering unparalleled stability, security, and performance for the next generation of decentralized apps and According to your statement “Themelio is designed not to change”. Which means a low-level, robust blockchain inspired by the Internet’s core protocols, providing an immutable root of trust, security, and transparency to a diverse ecosystem. What are the future goals of this project? What are the security protocols that you have included in your platform to protect all the assets of your users? How invulnerable are these assets to attacks?
Themelio focuses a lot on trust, more so than other blockchains I have seen, however, do you consider trust to be your priority? Even above community, security or economics? If not, what is Themelio’s priority, which of these areas are you most focused on and what actions do you take to improve them on a daily basis?
It tells us that Mel is the world’s first truly decentralized and fiat-independent stablecoin, how did you achieve this milestone? What are the main differences from other stablecoins like BUSD to Mel? What is Mel’s value backed by and from when can we start buying Mel? Do you plan to have use cases outside the platform? For what cases will we need to use Mel?
It is common for blockchains at the time of creation to be focused on a specific region of the world, do you plan for Themelio to be a global project or are you focused on gaining adoption in a specific region first? If so, which regions are you focused on? And in the long term, how do you plan to generate adoption among developers with so many chains currently with so many benefits?
If Themelio is designed not to change, how do you plan to keep the audience for the long term if not through upgrades? What are the projects that are recommended to launch with Themelio based on their benefits? What is your target audience and what are the new features that Themelio offers us that we don’t find on any other blockchain currently?
How long has Themelio been in creation? I see that you are working hard to have it ready very soon, is there currently a beta or test available for user testing? If so, what has been the feedback received by those who have used the Themelio wallet? What products do you have in mind to launch when the Themelio blockchain is already consolidated?
Good day!
According to my understanding, Themelio tends to pay less attention to endogenous trust and focuses more on the user-based/user built trust, well that’s impressive. Now, how do you expect to achieve this particular objective? This objective clearly shows that users are big decision makers on this project, How will this Non-Endogenous trust be built? Won’t this objective cause some kind of security bridge or instability on your platform? What do you currently have in place to make sure this objective doesn’t flop? Thanks
The star currency of your protocol, Mel aims to be truly decentralized and fiat-independent stable coin stabilized through the Melmint oracle, however, I would like to know if the volatility of the crypto market that we have had lately could be a negative prognostic factor in the launch of your ecosystem, what mechanism prevents fluctuations in Themelio’s economy? Could you explain to us how the independence of your project works with respect to the fiat and crypto world?
According to your website Themelio allows to achieve excellent performance in layer 2 and layer 1 protocols as well without deploying full nodes. In my understanding this considerably reduces human labor and favors the automation of many techniques related to data validation, but to what extent is it profitable? Could you mention some real world use cases of your one-shard blockchain technology? How much does it cost to maintain this engineering?
Good day!
The Endogenous property of a block chain is it’s killer feature and what makes it unique. Considering the fact that your project is being built majorly based on the Endogenous feature of a blockchain which is similar to that of many other projects; What difference in this Endogenous property is peculiar with your own project? Do you have what it takes to maintain the overall stability and security of the project?
There are many well known and difficult to fix problems on the Blockchain. These problems includes; Horizontal scalability, Governance and Usability. Does your project run the risk of encountering any of these problems?
How do you intend to tackle these problems? What do you currently have in place to tackle these problems?
tell us how Themelio being a traditional single shard blockchain, can achieve that applications using it, can easily have great performance, benefit from the data model and have solid security guarantees?
for those of us who are always looking for projects with great potential, I would like you to tell us why Themelio can become a successful project, tell us about your bases and mention who are currently behind Themelio, who are your partners, sponsors and what plans have you already built to make Themelio one of the most reliable, secure and used blockchain in the market?
I read Themelio is a public blockchain that enables open, secure, and resilient decentralized apps. An example is Mel, an independent, stable-value cryptocurrency that anyone can freely use. Inspired by previous blockchains like Bitcoin and Ethereum, Themelio nonetheless takes a very different design approach: radical immutability inspired by the architecture of the Internet. Since Ethereum and Bitcoin are very succesfully projects how do you plan to use this inpirations to make Themelio Competitive? how do you plan to attrack more developers?
Themelio aims to support a new blockchain-rooted, multilayered paradigm of decentralized Internet apps. what is your marketing plan to attrack more developers?
As I know Themelio has launched its betanet. This gives a proof-of-concept to tinker with that users can also participate in. how can users participate? what are the requirements?
Themelio-node is the full node reference implementation. How can we use themelio-node to contribute to the network?
The platform of Themelio applied the radical immutability concept. Why is the platform against updates like hard forks and any protocol upgrade? Why would these upgrades be bad for users?
Themelio is designed not to change. Since in the tech world everything is changing, evolving and adapting everyday, how will this platform be able to stay on top of the new technologies and trend if it can’t change? Wouldn’t it risk that the platform would soon be obsolete?
Greetings Themelio my question is: what can we do in Themelio? Why does the blockchain have a trust problem for the Themelio project? I would like you to explain why they are against the governance protocol? Currently in your project can we run Nodes? Does Themelio have a portfolio where we can use all the functions of the CLI? You can explain us how to use all these functions in your wallet. What differentiates the Themelio MEL from stablecoins? is MEL the first is its type, what is its JaviSuBs™operation? You can offer us more information about these functions.
I was able to see in the development phases of your project that in the future you will launch a token bridge contracts between Themelio and Ethereum that will allow your main currency, MEL, to be traded in major exchanges such as Uniswap, but is this really necessary? Why not implement these you can make chains much more scalable and economical? What advantages will the Ethereum network bring to the project?
I could see that Themelio has its laboratories located in Dover, Delaware, USA and we know that currently there may be many politicizations and restrictions around the decentralized world that prevent the full functioning of some platforms, could you tell us if Themelio is affected by these crypto restrictions? Do you plan to locate more offices around the world to reach other populations, for example, Asia or Africa?
As I know, Themelio platform introduces a new blockchain system to ensure radical immutability. But the issue is that there will be hardforks in crypto market time to time. So will the Themelio blockchain not be fallen under the Hardforks in future? How will you assure that Themelio will be a immutability blockchain network even though other major blockchain networks had to face the Hardforks? And also other thing is the consensus mechanism that you use. Which consensus mechanism will you use to run the consensus algorithm, Is it POS or PoW? How about the miners/Validator rewards?
According to your Roadmap, It is mentioned that you have decided to develop a token bridge contracts between Themelio & Ethereum chains. Is this like a initial cross chain interoperability step? Can you give a further description about the bridge contracts with Ethereum chain? Will you provide this serveice to make token contracts for all tokens with Ethereum which will be create smart contract under the Themelio Blockchain? Or is this service only for $MEL tokens? By the way, I like to know, Will you reach the other blockchain networks such as Solana, Polygon etc.. in future in addition to Ethereum network?
In Themelio, The canonical wallet is Melwalletd which manage the operations internally with REST APIs and also It includes with wallet Apps. So Does this mean this wallet apps are compatible with ERC 20 based Apps like Uniswap etc..? How about the limitations & security conditions of this Melwalletd ? How many currencies does it support initially? Please give us a brief explanation about the Melwalletd?
How is the new type of public blockchain, Themelio, going to differ? How is it designed and for what purpose? For what reason is this a blockchain built to last? And how is it going to differentiate itself from centralized services? Themelio is designed not to change. Can you tell us why?
How does Themelio demonstrate trust, security and transparency to a diverse ecosystem? How do you prove that there are no hard forks modifying the parameters? Externally coordinated updates undermine blockchain’s most important innovation: endogenous trust based on internal incentives, what is Themelio doing about it?
How does Themelio promise and fulfill a fundamental advance in decentralized financial applications? That Themelio’s base currency, Mel, is the world’s first truly decentralized and fiat-independent stablecoin, what other good points can be drawn from Themelio? And why is the UTXO-based data model exceptionally flexible and usable?
I understand that Themelio is designed not to change. But how exactly are you going to support Themelio without various updates and fixes? The world of blockchain technologies is growing very quickly and trends are changing very quickly. How can Themelio stay useful and relevant without making any changes to the product?
I noticed that Themelio contributors can become validators and run a node. As far as I know from the experience of participating in other projects, such activity can be encouraged by various airdrops, distributions and different bonuses, up to the distribution of guaranteed allocations to all participants. Could you please tell us if there will be a similar system in Themelio? Will early adopters get some incentives? If so, will this be related to any specific activity within the Themelio ecosystem?
Not so long ago, Themelio got its own YouTube channel and so far only one video has been added there, which is called Themilio Community Call 1. It is very interesting to observe the communication within such a young project. Tell us how often the Community Call will take place and how can you take part in it? Do I need to have special rights within Themelio, or will anyone be able to participate in the discussion? It’s also interesting to know when more useful videos will appear on the YouTube channel, maybe guides and news videos about Themelio?
Hello Themelio Team,
One thing I noticed when researching on Themelio’s documents is that you don’t have current partnerships or any kind of collaborations. Why is that? Don’t you like to make some partnerships? Can you give a fairable reasons for not conducting collaborations so far even you engaged this project since 2014? However, Will you make partnerships with some good projects in future since the partnerships will lead to the ultimate goals without hard workings?
Thank You!!!
Hello Themelio Team,
I would like to know about the Themelio Staking programs. Could you please elaborate more details regarding the staking protocol? How many staking pools do you have & which kind of currencies can I stake? It is very imporatant talking about the reward system. How about the APRs & What about the locking periods? Lastly please explain us How is the Themelio staking different than other staking programs?
Thank you!!!
Hello Themelio Team
Themelio project present a stable coin called $MEL which is truly decentralized currency. As we know any kind of Stable coin have been pegged to physical currency liķe USD, EUR etc.. Which currency does the $MEL stable coin back by? Can you tell us the proportion of $MEL & pegged currency? However, there are lot of stable coins in crypto firms presently like USDT, BUSD etc..So In what way will the $MEL survive over these stable coins? Do you have plans for that already?
Thank you!!!
Do you have machanism that ensure avoid hard-forks or it dependence of Themelio devs decision? More specifically: Ethereum team had to resort to hardfork due to attack to DAO direction and Your paper said that you prevent to hard-fork except to fix security vulnerabilities; how do these two situations differ from each other because DAO (already, ok) made hardfork for a attack reason and Themelio (hope will never be attack) ready make hard-fork upon detection vulns?
Did You hold a external penetration tests or inner crack tests including MelMV of course? Or may be, will You intend to include bounty program for Themelio?
How secure is to spend coins in Your coin-based structure from one user to other? What mean: for example: Alice desire send 1 MEL to Bob and Alice have 10 MEL at state_1. In order make transaction Alice have to remove all own coins and craft (network or Alice?) 1 MEL related to Bob and remains nine for related to herself. Can malicious invade in state_1 and to force that state_2 (specifically: Alice’s remain equals to 9 MEL for ex.) related this coins to himself? Or just disrupt transaction when Alice destroy her tokens but has’t had time to grab remains (9 MEL) and send 1 MEL to Bob? What will prevent this cause?
OK on your telegram group I saw that you are giving a chance for your members to win 100 Mel (30$) as well as to get 0.1 Mel guaranteed!
So when exactly will the token be distributed?
5. Staking program is very important for any project, Can i stake MEL ? Do you have any plan of starting staking program ?
How old is your project? What are the major plan ahead? Can you show to us image of your Roadmap? Thanks.