Review on Perlin by Saparov Meylis

Perlin is the first practical, reliable and decentralized computing marketplace that harnesses the computing power used in everyday smart devices to make supercomputers economically viable and affordable everywhere.

As they stand, current blockchains and consensus protocols have several performance issues that hinder mass adoption. Ledgers must be fast, secure, and scalable to support the development of decentralized applications (DApps).

Wavelet is a Directed Acyclic Graph (DAG) that loads a hardened version of the Avalanche consensus protocol with a new proof-of-stake implementation to create a metastable, Sybil-resistant, truly decentralized and fast ledger.

Perlin's compute layer boots on top of its DAG-based registry and opens up a host of underutilized computing resources in everyday devices to form a decentralized cloud computing market that is battling overpricing models set by the oligopolistic cloud computing market.

Miners with everyday devices like a smartphone can safely rent out their idle computing power in exchange for a virtual currency called PERL to network clients (researchers, startups, and enterprises) that need computing power.

This is where the cryptographic binding of Perlin's computing resources to virtual currency is done in an open, self-audited distributed ledger, creating a new liquid market for computing power.

This paradigm shift in cloud computing will prioritize a truly decentralized economy - a world in which smartphones can collectively process computationally intensive algorithms in areas such as cancer research and artificial intelligence.