What is Marlin (POND)?

What is Marlin protocol?

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.

It's 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 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.

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. 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.

POND Crypto - Supply and Market capitalization

The project has raised 3 million USD via private token sales selling 17.23% of total maximum token supply. Marlin did not conduct a public sale. Investors can use POND to perform crypto transactions and investments.

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. Every Marlin Metanode is required to stake MPOND and receives POND in the form of staking rewards.

POND has a circulating supply of 736,908,424.43 POND tokens and has a total supply of 3,184,000,001 SOL tokens. And as of writing, SOL is ranked as the 477th largest crypto among all the cryptocurrencies in terms of market capitalization, according to CoinMarketCap. Its current trading price is $0.08439, giving it a market capitalization of $62,103,658. POND made an all time high of $0.323362 on Dec 21, 2020.

POND is available for buying, selling and trading in Binance, Huobi Global, Mandala Exchange, and ZT.

Whether invest or not?

As we can see that some developments and upgrades are taking place within the POND platform and we think that the future of the POND cryptocurrency is going to be amazing in the crypto market. So, we could also expect that the price of the POND coin will reach to new heights soon. Many investors are predicting a multifold return for the coin and however, it could also reach around $1 in the next few upcoming years as well. So, after viewing the current situations, investing in the coin could be a good option. however always 'Do Your Own Research' before investing; don't just speculate.

Furthermore, Investing in any types of cryptocurrencies is a subject to high market risk and high volatility. If you are ready to take the risk, which cryptocurrencies carry, then you can invest in POND also.