Marlin (ETH: $POND) is a Web3 protocol that aims to enable high performance in decentralized Web3 networks, bringing them on par with existing Web3 applications.
To achieve this goal, Marlin will focus on improving three main areas: propagation latency, bandwidth consumption, and network congestion. The project’s creators believe that improving these three areas will be crucial to achieving mass adoption of decentralized networks. Marlin believes they can achieve this while improving privacy and anonymity on these networks.
How Marlin Protocol Works
The Marlin Protocol has been designed as a set of meta-nodes that can execute smart contracts. Node operators are at the core of the project’s operations. They provide the storage, bandwidth, and computational resources that decentralized app developers require.
The meta nodes operate the Marlin VM, a router interface that allows developers to build custom overlays and execute edge computations. These overlays offer exceptional capabilities such as reduced latency, improved scalability, high decentralization, and enhanced response times.
The Marlin network comprises four entities, which are:
- Producers – Network participants that validate and introduce blocks to the protocol. Producers who launch invalid blocks are automatically removed from the network.
- Receivers – Entities that pay a fee to receive blocks. They can be block explorers, exchanges, miners, or other full nodes.
- Relayers – Nodes that relay blocks from producers to receivers with minimal latency. They get an incentive to improve the speed of block propagation.
- Clusters – A collection of relayers that compete for the fast propagation of blocks.
Why Marlin Is Unique
Marlin stands out by being amongst the few layer-0 protocols that offer layer-1 and 2 tested gateways. The Marlin Protocol manages to achieve this without facing the blockchain trilemma, in which a performance improvement often leads to less decentralization and privacy. The protocol’s meta nodes mean that a DDoS attack is almost impossible to execute.
Marlin Will Get Faster with Time
Marlin has adopted a unique incentive system to encourage more nodes to join the network. As more platforms adopt the Marlin Protocol, the incentive to launch nodes will grow. The result will be a synergistic network effective to better anonymity and improve performance. Marlin believes its protocol could open new opportunities for interoperability, leading to new types of applications.
Latest Projects
Since its launch, Marlin has launched key projects crucial to achieving its goal. These are Kalypso and Oyster. Here’s more about them:
Oyster
The Oyster is a serverless backend solution created for Web 3.0 by Marlin. While the blockchain serves as the backend for most Web3 applications, there are still critical services that rely on a centralized server service to operate optimally.
Oyster’s solution allows DAOs to maintain servers using a smart contract. Instead of creating accounts with cloud providers, Oyster lets DAOs leverage third-party resources available via a decentralized marketplace. The hardware operators receive instructions via smart contracts to start or stop instances and run programs.
To ensure security, Oyster relies on Trusted Execution Environments (TEEs). These secure subsystems offer hardware-level isolation and data encryption to isolate data from anyone with privileges, including the kernel. TEEs ensure that operations cannot be tampered with. The technology is now present in several product lines of AMD and Intel servers, and most cloud providers offer it.
Kalypso
Kalypso is a marketplace for Zero-knowledge (ZK) applications. It allows ZK applications to outsource energy-consuming proof generation to a decentralized network of provers while preserving privacy. Marlin’s Kalypso solves the problem of high-energy consumption by the proof generation process on a user’s local device.
The energy consumption problem is especially worse on mobile devices as it can drain the battery. On desktop devices with less powerful processors, the process can take longer. The average is 2-3 minutes on mobile devices and 10-30 seconds on modern consumer desktops. Outsourcing to a decentralized network of provers takes just 3 seconds. There are already projects that outsource proof generation for ZK applications. However, they do not offer privacy, limiting their user cases to only applications where privacy is not a concern.
The $POND Token
The $POND utility token powers the Marlin Protocol. It can be used for staking, to run validator nodes, and to receive rewards. Holders of $POND can create governance proposals and vote on resource allocation. Additionally, the tokens can be used to pick auditors and as an incentive to adhere to SLA agreements.
$POND is currently trading at a 96.9% discount from its all-time high price and you can grab up tokens right now for less than 1-cent. The maximum supply of $POND tokens is 10 billion. Since the project’s launch in 2021, the token market cap has remained quite impressive, especially when considering that we are still in the midst of a bear market. Today, the $POND tokens have a market cap of around $67.8 million, with a daily trading volume of over $2.7M on centralized exchanges.
[Click The $POND Chart Above To View On CoinMarketCap]
Marlin Could Revolutionize Web3
Many holders of $POND recognize the Marlin Protocol’s real-world utility and potential to revolutionize decentralized Web3 applications. As Web3 technology develops, Marlin protocol will undoubtedly play an important role. The project is still in its early stages, which provides a good opportunity to get in on the ground floor.
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