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We consider an embedded convex ancient solution Γₜ to the curve shortening flow in R². We prove that there are only two possibilities: the family Γₜ is either the family of contracting circles, which is a type I ancient solution, or the family of evolving Angenent ovals, which correspond to a type II ancient solution to the curve shortening flow. We also give a necessary and sufficient curvature condition for an embedded, closed ancient solution to the curve shortening flow to be convex.
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Daskalopoulos et al. (2010) studied this question.
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