🟩TeleBTC technical paper

Here, you can find the technical paper of TeleBTC. TeleBTC is a fully decentralized and secure wrapped BTC aiming to replace WBTC. Unlike WBTC, which is minted and burnt by trusted third parties and could lose its value if these parties are hacked, TeleBTC can be minted and burnt by anyone in a trustless manner. It is also backed by extra collateral, enhancing its security. In the paper, we explain how we built TeleBTC using a light client bridge and slashing mechanisms to ensure it is a trustless and secure asset.