POND token is in the spotlight. How is SHIB’s token faring?
Marlin is an open protocol. It offers users a high-performance programmable network infrastructure for both Defi and Web 3.0. Metanodes, the nodes in the Marlin network, operate the MarlinVM. The latter provides a virtual router interface for developers, enabling them to deploy customized overlays and perform edge computations.
Users can build various overlays using MarlinVM, including low-latency block multicast to scale blockchains, mesh networks, low-latency mempool sync for arbitrageurs, anonymity networks such as mixnets, device optimization, caching responses of API to Infura, and so on.
The company also created its native utility token. POND token holders can use it for running validator nodes on the network via staking. They can also make decisions and vote on governance proposals to determine how network resources are allocated. Furthermore, users will be able to decide on a set of network performance auditors and get compensation from an insurance fund in case of an SLA breach.
Marlin plans to deliver on the promise of a decentralized web. Applications secured via the blockchain will be indistinguishable in terms of performance to people accustomed to Web 2.0.
Who are Marlin’s founders?
There are numerous scam platforms in the Defi space. And some of them have such an inexperienced team that they are ripe for failure. So, it’s essential to know about projects founders to decide if it’s worth investing your hard-earned money. Marlin has a great team, though. It’s the brainchild of developers Siddhartha, Roshan, and Prateesh. And all of them have extensive experience in peer-to-peer networking.
Siddhartha has been a crucial team member for developing Zilliqa. The latter is the first high throughput blockchain that employs sharding in production. He has also had experience working at Microsoft and Adobe. Furthermore, Siddhartha is the author of the two U.S. patents. On the other hand, Prateesh is a Ph.D. candidate at the Massachusetts Institute of Technology. He focuses on Computer Networks. Roshan is an avid open-source enthusiast. In fact, he contributed to the Boost C++ libraries.
In addition to three founders, the project employs former researchers at Ethereum Foundation, developers with experience at Facebook, Cisco and Bosch, and International Collegiate Programming Contest (ICPC) World medalists. It even counts the former CEO of Bittorrent and professors at Princeton and MIT amongst its advisors. Binance Labs, Michael Arrington, and Electric Capital back up Marlin, as well.
What makes Marlin stand out from other similar projects?
It is one of the few layer-0 projects focusing on network layer optimizations. Marlin actually claims to be the equivalent of an incentivized libp2p. This makes this project ubiquitous in the decentralized web because any peer-to-peer application usually relies on networking between distributed nodes to function.
However, Marlin is blockchain-agnostic. It provides gateways built for several layer-1 and layer-2 platforms. There are other scaling solutions suffering from the scalability trilemma. They have to sacrifice decentralization, performance, or security. Unlike them, Marlin’s improvements in the network layer are not subject to such constraints.
What about POND tokens?
The Marlin economy depends on two tokens – MPOND and POND. MPOND token has a total supply cap of 10,000. On the other hand, POND is capped at 10,000,000,000. The platform facilitates conversion between the two coins via a bridge returning 1,000,000 POND coins when sent 1 MPOND or vice-versa.
Initially, the team created 4,623 MPOND and 3,184,000,000 POND. It primarily distributed POND amongst validators and the community. However, the company stated that these numbers might vary over time because of the conversions via the bridge. It requires every Marlin Metanode to stake MPOND. Users will receive POND in the form of staking rewards, though.
The team has built the Marlin platform atop Ethereum. Thus, the network of Ethereum nodes protects the correctness of the execution of the Marlin smart contracts. That means this platform is very secure. In addition, the network uses tunable redundancy via erasure coding, ensuring that customers will receive performance and availability guarantees with the SLAs. The company uses an insurance fund backed by the DAO to compensate investors who lose money due to the network’s inability to work properly.
While POND token’s ICO isn’t live currently, investors can still acquire this token. The company distributes MPOND amongst stakers of various layer-1 platform tokens. It uses a mechanism called FlowMint. As a result, customers can earn POND by converting MPOND tokens to POND via the bridge. They can also stake MPOND towards Marlin Metanodes and receive POND in staking rewards.
SHIBA INU (SHIB) continues trending
Shiba Inu is an exceptional and well-known dog, which inspired millions of people worldwide to invest money into tokens with its image on them. The SHIBA INU website claims that SHIB is the “DOGECOIN killer.” The company listed its native token on its own ShibaSwap – a decentralized exchange.
The team created the Shiba Inu coin anonymously in August 2020, using the pseudonym “Ryoshi.” After that, the meme coin rapidly gained speed and value. Defi investors were drawn in by the cute charm of the token paired with Tweets and headlines from personalities like Vitalik Buterin and Elon Musk.
Shiba Inu’s goal is to become the Ethereum-based counterpart to Dogecoin’s mining algorithm. Furthermore, Shiba Inu and the SHIB token are both parts of a swarm of dog-themed cryptos, including Dogecoin (DOGE), Baby Dogecoin (BabyDoge), Alaska Inu (LAS), JINDO INU (JIND), and Alaskan Malamute Token (LASM). These lesser-valued tokens have gained the attention of the investors and traders who missed the Dogecoin surge from 0.0002 to almost 0.75 USD.
Coinbase, the largest US-based crypto exchange, listed Shiba Inu on its platform on September 17, 2021. That was a great success for the token. Thanks to this news, Shiba Inu’s price rallied by more than 40% in the following two days. The meme dog token became trading again.
The creator of the Shiba Inu coin is anonymous. They are known only as “Ryoshi.” Much like the founder of Bitcoin, Satoshi Nakamoto, very little is known about the mystery founder of the dog-themed cryptocurrency.
Why is SHIBA INU unique?
The SHIBA INU website offers dog-inspired artists and creators from all over the world to foster the “artistic Shiba movement.” These artists can bring their SHIBA INU tokens into the NFT market.
In addition, SHIBA INU created a campaign using Amazon Smile. The campaign aims to collect donations for the rescue of real, live Shiba Inu dogs.
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