Article Summary, Automatically Generated By AI
Summary of Marlin (POND)
Overview
- Marlin is an open protocol providing high-performance programmable network infrastructure for DeFi and Web 3.0.
- Native utility token: POND
Key Features
- MarlinVM provides a virtual router interface for customized overlays and edge computations.
- Notable overlays: low-latency block multicast, low-latency mempool sync, mesh networks, anonymity networks, and device optimization.
Founders
- Siddhartha, Prateesh, and Roshan, with experience in peer-to-peer networking.
- Team
About Marlin Protocol
Introducing Marlin (POND): A Comprehensive Overview
Marlin is an open protocol that furnishes a high-performance, programmable network infrastructure, tailor-made for DeFi and Web 3.0 applications. The nodes comprising the Marlin network, dubbed Metanodes, operate the MarlinVM, which presents a virtual router interface, empowering developers to deploy customized overlays and execute edge computations with ease.
Notable overlays that can be built using MarlinVM include: * Scalable, low-latency blockchain multicast solutions * High-performance, low-latency mempool synchronization for arbitrageurs * Decentralized mesh networks * Privacy-preserving anonymity networks, such as mixnets * Optimized device performance and caching of API responses from providers like Infura and Alchemy
The native utility token, POND, serves multiple purposes, including: * Operating validator nodes on the network through staking * Submitting and voting on governance proposals to dictate the allocation of network resources * Designating a set of network performance auditors and reimbursing users from an insurance fund in the event of a Service Level Agreement (SLA) breach.
Marlin envisions a decentralized web where blockchain-secured applications seamlessly converge with the performance expectations of Web 2.0, rendering them virtually indistinguishable to users.
The Visionaries Behind Marlin: Meet the Founders
Marlin is the visionary creation of Siddhartha, Prateesh, and Roshan, a trio of seasoned developers with a wealth of expertise in peer-to-peer networking.
At the helm of Zilliqa’s development, the pioneering high-throughput blockchain that pioneered the use of sharding in production, Siddhartha brings a wealth of experience from his stints at Microsoft and Adobe, as well as being a holder of two US patents. Prateesh, a PhD candidate at the esteemed Massachusetts Institute of Technology (MIT), specializes in Computer Networks. Roshan, an ardent advocate of open-source initiatives, has made significant contributions to the esteemed Boost C++ libraries.
The project boasts an esteemed team comprising former researchers from the Ethereum Foundation, world medallists from the International Collegiate Programming Contest (ICPC), and seasoned developers with a background in esteemed organizations such as Facebook, Cisco, and Bosch. Its advisory board features an impressive roster, including the former CEO of Bittorrent, professors from MIT and Princeton, and renowned authors of seminal peer-to-peer papers, such as Chord DHT. Marlin has garnered support from prominent investors, including Binance Labs, Electric Capital, and Michael Arrington.
Unveiling the Unparalleled Marlin: A Trailblazer in the Cryptocurrency Realm
Marlin is one of the select few layer-0 projects that concentrate on optimizing network layers. Analogous to Filecoin, which incentivizes IPFS, Marlin positions itself as the equivalent of an incentivized libp2p. This ubiquity in the decentralized web is attributed to the fact that any peer-to-peer application relies on seamless networking between distributed nodes to function effectively.
Marlin boasts blockchain-agnosticism, providing gateways tailored to multiple layer-1 and layer-2 platforms. Unlike numerous scaling solutions that succumb to the scalability trilemma, where one of performance, decentralization, or security is inevitably compromised, Marlin’s network layer enhancements operate unfettered by the constraints that typically govern consensus layers.
The Circulating Supply of Marlin Tokens: A Closer Look
In the Marlin economy, a dual-token system exists, comprising MPOND and POND. Notably, MPOND has a total supply cap of 10,000, while POND is capped at 10,000,000,000. A seamless conversion mechanism, facilitated by a bridge, enables the exchange of 1 MPOND for 1,000,000 POND, and vice versa. Initially, the genesis allocation consists of 4,623 MPOND and 3,184,000,000 POND, primarily distributed amongst validators and the community. These numbers are subject to fluctuation over time, influenced by conversions via the bridge. Furthermore, every Marlin Metanode is mandated to stake MPOND, earning POND as staking rewards.
The Marlin Network’s Security Framework: A Robust Defense Mechanism
Founded upon the Ethereum blockchain, the integrity of Marlin’s smart contract execution is safeguarded by the decentralized network of Ethereum nodes, ensuring a secure and reliable environment for seamless operation.
In addition, the Marlin network, comprising Metanodes, risks having their staked MPOND and delegated POND slashed if the network succumbs to DDoS and spam attacks due to their failure to verify content that they introduce into the network. Not unlike Proof-of-Work, the network employs tunable redundancy via erasure coding to ensure users receive performance and availability guarantees commensurate with the Service Level Agreements (SLAs) they demand, and are proportionately charged for it. A network of third-party auditors, with probes strategically positioned across the globe, pre-approved by the Pond DAO, provide constant performance and coverage monitoring for applications that demand elevated reliability. An insurance fund, backed by the DAO, is utilized to compensate users who incur losses due to the network’s inability to meet its SLA guarantees.
Unlocking Marlin (POND) Rewards: A Comprehensive Guide
In accordance with its community-centric ethos, MPOND, a layer-0 project, is disseminated among stakeholders of diverse layer-1 platform tokens through a novel mechanism dubbed FlowMint. Consequently, POND can be accrued not only by converting MPOND to POND via the bridge but also by staking MPOND towards Marlin Metanodes, which yield POND as staking rewards.