What is Marlin (POND)?
Marlin —— An Open Protocol Focused on Layer-0 Solution for DeFi and Web 3.0
1. 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.2. Marlin is committed to improving the efficiency and scalability of blockchain network transactions and becoming a Layer 0 blockchain infrastructure.3. Marlin solves the scalability problem of the public chain on Layer 0. The core comes from its design in two aspects: relay network and token incentive mechanism.4. The native token of the Marlin network is POND, which can be used to pay fees, incentivize relay nodes, and can also be used to pledge to obtain the qualification to become a relay node. With the launch of DAO and community building, POND is also an ecological governance token.
Marlin Key Metrics
Actual Total Supply
About Marlin (POND)
Marlin is a protocol that provides a high-performance programmable network infrastructure for DeFi and Web3.0. Nodes called “Metanodes” in the Marlin network run MarlinVM, which provides developers with various facilities and a router interface. Marlin aims to offer high scalability for its users without sacrificing any of the principles of performance, decentralization and security. Developers with MarlinVM; They can make blockchains more scalable, create mesh networks, provide anonymity in mixnets, and develop various caching solutions.
It supports faster transfer of blocks, transactions, and data between miners, full nodes, and layer 0 users, making the dApp experience smoother and more convenient. The core of the Marlin protocol is a relay node network that uses specialized path adjustment, dynamic flow control, and multipath routing technology for communication to achieve superior performance on weakly connected networks. Because it has nothing to do with the platform, its plug-and-play network module can interoperate with a wide range of consensus algorithms. Marlin's mission is to provide Web 2 similar performance in Web 3 without sacrificing the core principles of decentralization and security. Marlin tries to find the fastest block propagation speed scheme that can be achieved under the current physical conditions from the perspective of Layer 0, so as to improve scalability and help all Layer 1 blockchains improve performance.
The native token of the Marlin network is POND, which can be used to pay fees, incentivize relay nodes, and can also be used to pledge to obtain the qualification to become a relay node. With the launch of DAO and community building, POND is also an ecological governance token.
Marlin Project Team
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.
Marlin Core Technical Characteristics
Marlin is committed to improving the efficiency and scalability of blockchain network transactions and becoming a Layer 0 blockchain infrastructure. Marlin solves the scalability problem of the public chain on Layer 0. The core comes from its design in two aspects: relay network and token incentive mechanism.
- Relay network: The relay network refers to a group of Marlin nodes that transfer data packets to each other through mutual agreement, and propagate the data packets to miners or full nodes according to the previously preset user agreement. Marlin contains multiple competing relay networks. In terms of mechanism design, the Marlin relay network is composed of four roles: Producer, Receiver, Relay and Cluster. The Producer is usually a miner who obtains the right to disseminate information in the blockchain network through the pledge of the project’s native token MPOND; Receiver is the recipient, and becomes a recipient to pay a “subion fee” (Subion Fee); Relay is for processing broadcast Relayers can get POND as a reward. Multiple Relayers form a Cluster, and there is competition between different Clusters.
- Token Incentive Mechanism: The native token of Marlin network is POND, with a total circulation of 10 billion. POND is the key to the continuous operation of the Marlin network, and has many uses such as value media, governance, and pledge.POND can be used to pay fees, incentivize relay nodes, and encourage the generation of audit nodes. To qualify as a relay node, at least 1 million PONDs need to be pledged. Therefore, the Marlin network will also set up a penalty mechanism to restrain nodes from doing evil, and realize the first time to find and eliminate those nodes that do not meet the requirements or do evil.MPOND (1 million POND) is Marlin’s governance and mark, which can be used to create and vote on proposals. Each Marlin node requires a certain amount of support or delegation.
Specific information of MPOND:
The total supply is 10,000;
Each node requires at least 1 MPOND to be commissioned;
MPOND can be used to vote and create proposals, where 1MPOND token = 1 vote (voting can be replaced with tokens);
MPOND tokens entrusted to other users will be locked;
MPOND direct transmission will be locked, except for whitelisted addresses. Before universal transmission is enabled, only transmission from whitelisted addresses is possible;
MPOND can be converted into POND (Bridge contract is used for conversion between MPOND and POND, 1MPOND can be exchanged for 1 million POND tokens, and vice versa.);
If you delegate or bet, the user will first have to unlock the tokens before they can transfer.
By sending POND to the cross-chain bridge, POND can be converted to MPOND, and the sent POND tokens can be burned when receiving MPOND.
It should be noted that holders of POND tokens can entrust the tokens to relay nodes, and pledge tokens to obtain POND token revenue. If there are many nodes participating in the early stage, a large amount of POND tokens will be locked, because each node needs to pledge 1MPOND tokens. According to the total amount of tokens, theoretically, there will be no more than 10,000 relay nodes in the early stage.
Blockchain Expansion —— An Eternal Topic of the Industry and Technical Difficulties
Discussions about the expansion of the blockchain have long existed. Since the development of each expansion plan, the mainstream direction has been relatively clear, which can be divided into the following types:
Layer-1: The expansion effect is achieved by changing the blocks and data on the chain, including hard forks, sharding and segregated witness. A typical representative is the recently launched Ethereum 2.0 with sharding technology;
Layer-2: Expansion is achieved by building structures outside the main chain such as side chains and state channels. Typical representatives are the Bitcoin Lightning Network and Ethereum Plasma.
Marlin calls its expansion plan Layer-0, which focuses on the node communication links involved in blockchain processing transactions. Essentially, what Marlin provides is also an on-chain solution. The difference from other solutions is that the delay reduction of the node communication link has wider versatility and can be easily applied to different blockchains.