What is Marlin Protocol (POND) | What is Marlin Protocol token | What is POND token
What Is Marlin (POND)?
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.
Notable overlays that can be built using MarlinVM include: * Low-latency block multicast to scale blockchains * Low-latency mempool sync for arbitrageurs * Mesh networks * Anonymity networks like mixnets * Device optimization and caching responses of API to Infura, Alchemy etc
Its native utility token POND is used for: * Running validator nodes on the network via staking * Making and voting on governance proposals to determine how network resources are allocated * Determining a set of network performance auditors and compensating users from an insurance fund in case of a SLA breach
Marlin aims to deliver on the promise of a decentralized web where applications secured via the blockchain are indistinguishable in terms of performance to users accustomed to Web 2.0.
Who Are the Founders of Marlin?
Marlin is the brainchild of developers Siddhartha, Prateesh and Roshan, all of whom have extensive experience in peer-to-peer networking.
Responsible for the development of Zilliqa, the first high-throughput blockchain to employ sharding in production, Siddhartha has had expexrience working at Microsoft and Adobe and is the author of the 2 US patents. Prateesh is a PhD candidate at the Massachusetts Institute of Technology (MIT) with a focus on Computer Networks and Roshan, an avid open-source enthusiast, was a contributor to the Boost C++ libraries.
The project employs former researchers at Ethereum Foundation, International Collegiate Programming Contest (ICPC) world medallists and developers with experience at Facebook, Cisco and Bosch. It counts the former CEO of Bittorrent and professors at MIT and Princeton amongst its advisors including authors of seminal P2P papers such as Chord DHT. Marlin is backed by the likes of Binance Labs, Electric Capital and Michael Arrington.
What Makes Marlin Unique?
Marlin is one of the few layer-0 projects focussed on network layer optimizations. Similar to Filecoin which is incentivized IPFS, Marlin claims to be the equivalent of an incentived libp2p. This makes Marlin ubiquitous in the decentralized web as any peer-to-peer application relies on networking between distributed nodes to function.
Marlin is thus blockchain-agnostic. It offers gateways built for several layer-1 as well as layer-2 platforms. Unlike several other scaling solutions which suffer from the scalability trilemma where either one of performance, decentralization or security is sacrificed, improvements in the network layer are not subject to such constraints which primarily govern consensus layers.
How Many Marlin Tokens Are There in Circulation?
There exist two tokens in the Marlin economy, MPOND and POND. MPOND has a total supply cap of 10,000 while POND is capped at 10,000,000,000. Conversion between the two tokens is facilitated via a bridge which returns 1,000,000 POND when sent 1 MPOND and vice-versa. Initially, 4,623 MPOND and 3,184,000,000 POND are created with POND primarily distributed amongst validators and the community. These numbers may vary over time due to conversions via the bridge. Every Marlin Metanode is required to stake MPOND and receives POND in the form of staking rewards.
How Is the Marlin Network Secured?
Built atop Ethereum, the correctness of execution of the Marlin smart contracts is protected by the network of Ethereum nodes.
In addition- * The Marlin network consisting of Metanodes risk having their staked MPOND and delegated POND being slashed if the network faces DDoS and spam attacks due to their failure to verify content that they introduce into the network. * Not unlike Proof-of-Work, the network uses tunable redundancy via erasure coding to ensure users receive performance and availability guarantees with the SLAs they demand and are proportionately charged for it. * A network of third-party auditors with probes across the globe, pre-approved by the Pond DAO, provide constant performance and coverage monitoring for applications that demand higher reliability. An insurance fund backed by the DAO is used to compensate users who incur a loss due to the network’s inability to meet its SLA guarantees.
How Can I Earn Marlin (POND)?
As a layer-0 project and true to its community ideals, MPOND is distributed amongst stakers of different layer-1 platform tokens via a mechanism called FlowMint. POND can thus be earned by converting such MPOND to POND via the bridge in addition to staking MPOND towards Marlin Metanodes which receive POND in staking rewards.
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How and Where to Buy Marlin Protocol (POND) ?
POND has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy POND
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase POND from the exchange.
Exchange: Binance, Huobi Global, CoinBene, Uniswap (V2), and Hoo
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once POND gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information POND
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☞ Coinmarketcap
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