Review on Perlin by Fanuel PORPORTY
Perlin : Leaderless Blockchain, Lightning Fast Transactions
The Perlin Project began in 2018 and has rapidly evolved to the point where it features over 30,000 transactions per second in its Directed Acyclic Graph (DAG) based Leaderless Proof of Stake (LPoS) blockchain. The combination of speed and the computing resource marketplace is ideal for Perlin, which is being touted as a solution to dApp development for those projects requiring a large amount of computing resources. This is a distributed computing platform that was built on top of Perlin’s DAG. It will turn underutilized computing resources into commodities that can be combined into parallel batches of computing power. This can be useful for projects that need to analyze big data, or for artificial intelligence and machine learning tasks that are computationally intensive. The platform was created with three major components. These are the self-audited distributed ledger, cryptographic proof of computational resources, and a framework for highly parallel blind computing.
The Perlin Network is unique among platforms seeking to pool computing power in that it will be able to use basic sources such as smartphones and gaming consoles, as well as more powerful computers and servers. The resources made available by each participant are quantified through a cryptographic hash function. The addition of a decentralized token is meant to help commoditize computing resources and to assist in balancing global supply and demand for computing resources. The native token of the Perlin Network is known as PERLs, and they are used to facilitate the transfer of value on the network and to make payments for services. Anyone who wishes to access the computational resources on the Perlin Network will need to use PERLs.
Pros
- The Wavelet consensus mechanism that’s been introduced by Perlin has far surpassed their previous Avalanche mechanism and has been proven to deliver 31,240 payment transactions per second using 240 Digital Ocean nodes. It also delivers 2-4 second finality on up to millions of nodes, guaranteeing that transactions are ordered, consistent and replicated.
- The implementation of Wavelet has created an open, permissionless and leaderless blockchain. This is absolute zero trust where nodes are incentivized through virtual rewards to constantly protect and validate the network.
- While there are several decentralized computing platforms being built, Perlin offers itself as a best in breed with a compelling vision. The network itself introduces something special for consumers in the ability for them to designate the level of CPU and RAM needed to complete their task.
Cons
- The cryptosphere contains a good number of DAG-based projects and a good number of distributed computing projects, and there are some of each that are ahead of Perlin in development. Which projects eventually find mass-adoption won’t only depend on the quality of the solution, but also on the marketability of the solution, as well as the economic appeal.
- When we look at distributed computing platforms, Perlin can hold its own against its competitors. One shortcoming it will need to overcome is the attraction of a vibrant base of miners. Without large adoption by the miner group, Perlin may not succeed.
