> For the complete documentation index, see [llms.txt](https://doc.cryptostone.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.cryptostone.org/crypto-stone-wp-v3.0-en.md).

# CRYPTO STONE WP v3.0 EN

Bitcoin formed a new asset concept known as digital gold through limited supply, public mining rules, a decentralized network, and a transaction structure that anyone can verify, even though it is not directly backed by physical gold. The essential significance of Bitcoin is that digital scarcity and ownership can be implemented through code and a network without relying on a specific issuer or central institution.

The developer extends this idea to gemstones. In the real world, gemstones have limited reserves, and each gemstone has different scarcity and value depending on attributes such as weight, color, clarity, and cut. Even gemstones of the same type can have different values when their individual attributes differ. In this sense, gemstones are inherently non-fungible and well suited to being represented as unique assets in a digital environment.

CryptoStone is a decentralized digital gemstone protocol designed to express the mineability, scarcity, grading, and collectibility of gemstones as on-chain and publicly verifiable data. Gem NFTs are mined in a digital environment without arbitrary intervention by a central server or operator. Each gemstone is represented as a unique Gem NFT, and attributes such as stone type, weight, color, clarity, cut, mining time, and mining pool are recorded and exposed through the protocol.

This project does not aim to provide ownership, collateral rights, or redemption rights to real gemstones. What this whitepaper proposes is a study and experiment to implement the structural characteristics of real gemstones - limited supply, mineability, grading, scarcity, and collectibility - as independent scarce assets in a digital environment.

If Bitcoin created the narrative of digital gold, and Litecoin was called digital silver, CryptoStone presents a new asset category: digital gemstones that are mined and refined on smart contracts.


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