Marlin protocol is a layer-0, open-source decentralized application network designed to facilitate DeFi and Web 3.0. It is essentially a smart contract platform that aims to fulfill the promises of decentralization, scalability, and security. Marlin is maintained by nodes in the network called “Metanodes.” Metanodes make use of the delegated proof-of-stake consensus mechanism to maintain the MarlinVM (similar to the EVM), which provides a virtual router interface for developers to build decentralized applications on its network.
POND tokens are the fuel of the network. They can be used for the following purposes:
- Incentivizing users in the community via airdrops and other events.
- Running validator nodes through staking
- Token governance or DAO purposes
- Payment for transactions on the protocol.
Marlin is a fusion of ideas from blockchain technology and peer-to-peer networking. At its core, Marlin aims to use smart contracts to bridge the gap between Web2 and Web3 by providing blockchain solutions of better performance that are indistinguishable from traditional applications.
The MARLIN protocol then incentivizes users to make these smart contracts useful by rewarding them with POND tokens. These tokens can then be used to pay for any type of content or API service on MARLIN, or they can be traded for other cryptocurrencies or fiat currencies.
Who are the founders of Marlin (POND)?
Marlin was created by software developers Siddhartha, Prateesh, and Roshan. They are known for their expertise in peer-to-peer networking technologies.
Siddhartha is an expert in peer-to-peer networking, with experience working for companies such as Microsoft and Adobe. Prateesh is a PhD student at the Massachusetts Institute of Technology (MIT). His focus is on computer networks. Roshan, is an active participant in open-source development and has worked as a software engineer for Google before shifting his focus to blockchain development at Brave Software.
Former Ethereum Foundation researchers, International Collegiate Programming Contest (ICPC) world medalists, and engineers with expertise at Facebook, Cisco, and Bosch worked on the project. Its advisers include the former CEO of Bittorrent and professors at MIT and Princeton, as well as authors of major P2P publications such as Chord DHT. Marlin is supported by Binance Labs, Electric Capital, and Michael Arrington.
What is Marlin (POND) used for?
Smart contract and DApp development
Right now, developers create decentralized applications (DApps) on top of blockchains. But some of these DApps are often difficult to make use of because they are slow and hard to keep up with. Marlin aims to aid in this process by providing a scalable, secure, and decentralized blockchain that is open source.
Users can use the POND token to provide liquidity to the platform. They earn a share of the transaction fees when transactions occur on the blockchain.
POND tokens can be staked to run Metanodes. This process ensures the network remains secure and stable by providing incentives for users to secure it.
POND tokens can be used to pay for services on the blockchain. They are needed by payers and checkers in order to perform transactions in exchange for services from service providers.
What is the unique point of Marlin (POND)
Marlin uses a delegated proof-of-stake consensus algorithm, which allows for faster confirmations on transactions. This prevents spam attacks as well as provides a scaling solution for DApps that run on Marlin.
DApps built on Marlin can communicate without knowing the underlying blockchain, thus allowing them to be compatible with various blockchains. It is similar to Libp2p is a library that implements protocols used by peer-to-peer networking, such as BitTorrent.
Marlin is made up of an elite team of experts in various areas including blockchain development, peer-to-peer networking, and open source development. They have members who have worked with Google, Microsoft, Adobe, and Facebook.
Marlin has secured top-notch partnerships with Binance Labs, Electric Capital, and Michael Arrington.
How many Marlin (POND) coins are in circulation?
Marlin employs a dual token economy within its ecosystem; MPOND and POND. There are a total of 10,000 MPOND coins, while POND is capped at 10 trillion. POND is used for governance and paying rewards to validators. It has a circulating supply of 3.9 trillion tokens.
How is Marlin (POND) secured?
Marlin makes use of delegated proof-of-stake. This provides security by requiring Metanodes to stake a minimum number of tokens before operating on the network. They have a set amount of time where users can stake their tokens and then verify transactions for newly registered blocks on the blockchain. Metanodes are responsible for maintaining the network.
The contracts have been audited. by third-party auditors like Certik. This is to ensure the integrity of the network and ensure that applications function with greater reliability.
Marlin also has an insurance policy in place to compensate users who lose their funds due to network instability.
How do I buy Marlin (POND)?
Marlin (POND) is available on popular exchanges such as Binance, Kucoin, and Gate.io. It can be bought by following the steps below:
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy POND through your trading account.
Which Cryptocurrency Wallet Supports Marlin (POND)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Marlin (POND). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their POND wallet because it offers a simple interactive interface, making it easy for people to navigate its system.