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How Marlin improves Blockchain on Layer-0

Earlier last week, the CEO of Tesla took to Twitter that they’d stop accepting payments in Bitcoin because of the high energy that the Bitcoin network would require. At the same time, it’s undoubtedly naive to believe that an intelligent CEO like Elon Musk just happened to realize that now, it did harm the market price of Bitcoin, driving it down 20%. The main reason Bitcoin requires that much energy is its consensus algorithm: Proof-of-Work, which relies on miners using powerful computing machines to solve an algorithm to verify transactions. Unfortunately, Proof-of-Work is also limiting the scalability of Bitcoin and all other networks that are built with the same consensus algorithm. Their throughput will never be equal to the throughput of a centralized network without further innovation.

Therefore, other blockchain projects have focused on using different consensus algorithms, such as Proof-of-Stake (PoS). In PoS networks, just a defined set of nodes with enough tokens at stake verifies transactions, making the validation process a lot faster. Major market-cap Proof-of-Stake networks include Cardano and Tezos. Some teams have instead focused on creating scalability solutions for Bitcoin and Ethereum. For Bitcoin, we’ve seen the development of the Lightning network that aims to take off a significant portion of transaction load from the mainchain for as long as possible, driving down fees and increasing scalability. This is a Layer 2 solution that still relies on the base layer for its security.

The Ethereum network is currently still running on a proof-of-work network is looking to migrate towards Proof-of-Stake sometime next year. Additionally, sharding is implemented, restricting the number of nodes participating in the validation process to increase scalability. Sharding is a Layer 1 solution, but it suffers from similar problems as the main chain because making the shard big enough to ensure security limits its scalability.

Most people forget that even with Layer 2 solutions or Layer 1 solutions, all blockchains are ultimately still restricted by one not minor thing: Networking Latency.

When using the internet, we’re communicating with a host of centralized servers making decisions for us. These servers belong to major tech companies like Amazon, Microsoft, or Google, hosting many existing servers. If you think about it, though, building a blockchain and then relying on centralized server space is slightly inconsequent. You’ll just be depending on another centralized entity.

That’s where networks like Marlin Protocol come in. Currently, decentralized networks are still similarly inefficient as primitive societies that tried making decisions. Only when we moved to political systems such as representative democracy did it get easier to communicate and implement changes.

Marlin Protocol is a Layer 0 solution that focuses on network layer optimization, a bit similar to filecoin. It was launched by Siddharta, Prateesh, and Roshan, who all share vast experience in the world of peer-to-peer networking, with Prateesh previously working on Zilliqa. He also holds 2 US patents. Marlin protocol is furtherly supported by several former researchers from the Ethereum foundation who were passionate about improving networking for Blockchain and Web3 apps.

Marlin is blockchain agnostic and offers a gateway that can be deployed by layer one and layer two solutions without sacrificing security, decentralization, or performance. Therefore, Marlin appears to solve one of the biggest challenges in blockchain so far.

The network is powered by two different tokens: MPOND and POND. The total supply of MPOND is set to 10,000, and POND is set with a maximum supply of 10,000,000,000. Traders can convert between MPOND and POND facilitated by a bridge that converts 1 million POND into one MPOND. POND is mainly used to reward validators and the community. Every Marlin Meta node is furtherly required to stake pond and then receives pond as a reward.

Marlin is built atop of Ethereum with a set of meta nodes that ensure marlin smart contracts are executed. If meta nodes fail to verify content entering the system correctly and, consequently, the protocol faces a DDoS or spam attack, they risk losing their staked POND.

A network of third-party auditors is probing the work of the meta nodes across the globe, providing consistent performance and coverage monitoring for dApps that require higher reliability.

For developers looking to build with POND, the team offers an SDK that gives devs the option to stream apps that require low latency and one to many communications. The marlin cache works as a decentralized content delivery network storing popular requests from API feeds and data stores. Lastly, the Marlin gateway allows clients, traders, miners, and validators to exchange large blocks and validations via a low latency network — giving them an edge in gas price auctions and increasing scalability.

Marlin in the Ocean (Source)

Did you know that Marlin is the fastest fish on earth reaching speeds of 129km/h?

Similarly, the Marlin Protocol is working on enabling faster peer-to-peer communications and low network latency to allow blockchains to scale without being restricted by layer 0. As a simple plug-and-play solution, it’s compatible with all sorts of blockchains regardless of their consensus algorithm.

A lot of attention goes to layers one and two, but let’s not forget about layer 0. With blockchain adoption increasing, we’ll eventually see more demand for more decentralized networking infrastructure. If you also believe in the future of layer 0, it might be time to have a look at Marlin and the POND token.

POND is now trading on Bitcoin.com Exchange with BTC and USDT pairs.

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