Marlin (POND)

Last updated 12/10/2022

Official website: https://www.marlin.pro/

What Is Marlin (POND)?

The open protocol Marlin provides a high-performance customizable network architecture for DeFi and Web 3.0. The MarlinVM, which offers a virtual router interface for developers to apply customizable overlays and carry out edge computations, is run by the nodes in the Marlin network, referred to as Metanodes. MarlinVM can be used to create notable overlays, such as: Low-latency block multicast to scale blockchains, Low-latency mempool sync for arbitrageurs, Mesh networks, Anonymity networks like mixnets, Device optimization and caching API answers to Infura, Alchemy, etc.

Its native utility token, POND, is employed for:

Operating validator nodes on the network through staking
Formulating and voting on governance proposals to decide how network resources are allocated
Selecting a group of network performance auditors and compensating users from an insurance fund in the event of a SLA breach Marlin aspires to fulfill the promise of a decentralized web where users used to Web 2.0 applications are unable to tell them apart in terms of performance.

One of the few layer-0 projects with a network layer improvements focus is Marlin (POND). Marlin asserts to be the equivalent of an incentived libp2p, much as Filecoin, which is an IPFS with incentives. Due to the fact that any peer-to-peer application requires dispersed node networking in order to operate, Marlin becomes omnipresent throughout the decentralized web. Thus, Marlin is not blockchain-specific. It provides gateways designed for various layer-1 and layer-2 platforms. Many scaling solutions are hampered by the scalability trilemma, which forces users to choose between sacrificing performance, decentralization, or security. By contrast, network layer advancements are not constrained by these restrictions, which largely apply to consensus layers.

The network of Ethereum nodes, which the Marlin smart contracts are built upon, ensures the validity of their execution.

If the Marlin network, which consists of Metanodes, is subjected to DDoS and spam attacks as a result of their failure to validate the material that they put into the network, they run the danger of having their staked MPOND and delegated POND reduced. The network uses configurable redundancy through erasure coding, similar to Proof-of-Work, to assure customers obtain performance and availability assurances with the SLAs they expect and are fairly charged for it. For applications that require additional reliability, a network of third-party auditors with global probes that have been pre-approved by the Pond DAO provides continuous performance and coverage monitoring. Users that suffer losses as a result of the network's failure to uphold its SLA commitments are compensated by an insurance fund guaranteed by the DAO.

Due to its status as a layer-0 project and commitment to its community, MPOND is distributed to the holders of various layer-1 platform tokens via a system called FlowMint. Thus, in addition to staking MPOND towards Marlin Metanodes that receive POND in staking rewards, POND can be earned by converting such MPOND to POND over the bridge.

Team

The creators of Marlin, Siddhartha, Prateesh, and Roshan, have all had a lot of experience with peer-to-peer networking.

Siddhartha is the creator of the two US patents and the man behind the creation of Zilliqa, the first high-throughput blockchain to use sharding in production. Siddhartha has experience from his time at Microsoft and Adobe. Prateesh is a Massachusetts Institute of Technology (MIT) PhD candidate with a specialty in computer networks, and Roshan is a passionate supporter of open-source who contributed to the Boost C++ libraries.

Former researchers from the Ethereum Foundation, world medalists in the International Collegiate Programming Contest (ICPC), and developers with backgrounds from Facebook, Cisco, and Bosch all work on the project. Its advisors include authors of important P2P publications like Chord DHT as well as the former CEO of Bittorrent and professors from MIT and Princeton. Michael Arrington, Electric Capital, and Binance Labs, among others, have funded Marlin.

Roadmap

Marlin is a relatively recent endeavor that was started in 2020. The platform was created to address one of the most prevalent issues that many blockchains have, which is slow data transfer.

The Marlin developers have already implemented much new, but there are no plans for the future in the official access yet. Nevertheless, every 2 weeks the developers publish their achievements on their blog. The following is a roadmap that the team took in 2021:

Marlin and Ankr joined together in February to lower the cost of DeFi trading and minimize delays
The Marlin repeaters were added to the Polkadot and Cosmos networks throughout the months of April and May by the development team. This enables the Marlin node operator to send data to the Cosmos and Polkadot networks, and the complete nodes and validators of these networks activate the Marlin gateway to communicate with the Marlin network
Due to Unit Protocol allowing the provision and issuance of USDP through a variety of protocols, Marlin permitted POND to be used for minting USDP in June
In early August, Marlin launched OpenWeaver for Polygon and Flowmint 2.0. With OpenWeaver, block producers and full nodes send and receive large blocks with minimal latency, and DeFi traders, arbitrage and liquidation bots have immediate access to the transaction mempool
Marlin announced a collaboration with Commonwealth Labs to decentralize decision-making at the end of August. The Common Protocol offers the Marlin community a focused, harmonious, and engaging digital setting where they can discuss project enhancement suggestions and other pertinent issues
In early October, the team launched a testnet for MEV (Miner-Extractable Value) on the Polygon network called Loki. It is designed to test mev-bor and packets sent through compatible relays

Where to Store Marlin (POND)

A trusted wallet provider for your Marlin (POND) token could be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.

Similarly, a user-friendly option to keep your $POND secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.

All ERC-20 tokens including Marlin (POND) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

Where to Buy and Sell Marlin (POND)

You can Buy & Sell Marlin (POND) by heading over to the Buy Coins page of our website. Marlin (POND) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $POND has never been easier, simply place your order and provide your wallet address. Once your payment arrives Marlin (POND) will be sent directly to your wallet.

If you choose to Sell Marlin (POND) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

Marlin (POND) Resources

Website: https://www.marlin.pro/

Block Explorer: https://etherscan.io/

Twitter: https://twitter.com/MarlinProtocol

Medium: https://medium.com/marlin-protocol

Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.