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What is Perlin?

Perlin is a decentralized marketplace that utilizes idle computing power in devices to create a global supercomputer. Miners on the Perlin Network will be rewarded in the native currency PERLs for renting out their computing power. Apart from pooling compute resources, Perlin supports Dapps and smart contracts on top of it. Perlin also emphasizes on preserving privacy with homophoric cryptosystems, zk-SNARKs, and interactive verifiable protocols.

To reach consensus, Perlin uses a DAG-based Wavelet, which is an improved version of the Avalanche protocol- a leaderless Byzantine fault-tolerant metastable distributed ledger. By improving upon the mechanisms of Avalance, Perlin is able to scale to hundreds of thousands of nodes.

Perlin Network is subdivided into two layers- ledger and compute layer. Perlin’s ledger is known as Wavelet and it stores network data whereas the compute layer is where Dapps are supported on top of the DAG-based ledger.

Problem

The demand for computing power is rising very rapidly as we move into the era of industry 4.0. This has resulted in a situation where computational resources are owned by centralized companies such as AWS (Amazon Web Service). The exponential innovation along with constantly rising pressure on computer and storage can result in these resources becoming very costly and scarce.

Solution

With Perlin, end-users, developers and tech companies can rent compute and storage from their peers in a safe and decentralized manner, taking power away from oligopolistic centralized platforms.

Perlin’s Investors

RoadMap

  • December 2017

Perlin is created

  • June, 2018

Perlin Team implements Avalanche Consensus

  • July 2018

Whitepaper Release

  • September 2018

Wavelet, an improved version of Avalanche is rolled out

  • October 2018

Testnet Alpha

  • November 2018

Stability and Speed Improvements

  • January 2019

Release of the testnet version of Compute Platform

  • March 2019

Android mobile support will be introduced

  • June 2019

Mainnet Release

Team

  • Dorjee Sun is a Co-founder and Project Manager at Perlin. He also serves as advisor to multiple crypto projects, including Quadrant Protocol, Airbloc Protocol, Loki, Santiment and Republic Protocol.
  • Kenta Iwasaki is a Co-founder & CTO at Perlin. He was previously also the CTO of Velcron, a decentralized crypto exchange. Prior to that, he also worked as an AI researcher at Naver Corp.
  • Mirza Uddin is a Co-founder & Head of Business Development at Perlin. He is a Harvard alumnus and worked as a venture capitalist for years. He is also an advisor to crypto projects including The Blockcloud Company, Vite Labs and Eden Partners.
  • Ajay Prakash is a Co-founder & Head of Product at Perlin. He is also a Managing Partner at Qubit Capital and Community Co-lead at Republic Protocol.
  • Anup Malani, Ph.D. is Research, Strategic & Commercial Partnerships Global Lead at Perlin. He also works as a professor at the University of Chicago Law School.
  • Trung Nguyen is a Co-founder & Marketing Lead at Perlin. He holds a bachelor’s degree in mechanical engineering from UNSW, Australia.

On their official website you can find more about the team and advisory board

Token Information

Perlin’s network incentivizes users to rent out resources such as RAM, CPU time, and disk space in exchange for minable tokens called PERLs.

  • Token Symbol: PERL
  • Token Type: ERC20
  • Token use: UTILITY
  • Total Supply: 1 billion

Token Sale

  • Seed Sale: Jan 2018 (20% of tokens @ $ 0.04 and lock-up of 12 month)
  • Strategic Sale: May, 2018 (20% of tokens @ $ 0.12 and lock-up of 6 months)
  • Private Sale: July, 2018 (7.5% of tokens @ $ 0.2 and lock-up of 3 months)
  • Public Sale: TBA

Communities

  • Discord: 2.450 members
  • Telegram: 31.982 members
  • Twitter: 3.463 followers
  • Facebook: 615 followers
  • Reddit: 258 subscribers

News

Competitors

Perlin will receive tough competition from projects such as Aelf, SONM and Golem. All three have been established players in the decentralized cloud computing space.

Aelf is a self-evolving cloud computing application platform with side chains. SONM has a very similar structure to Perlin with decentralized marketplace where computing power can be exchanged. Among the decentralized computing space, Golem is the oldest project but uses Ethereum for its transactions.

Perlin can also be compared to other projects such as Hashgraph, Fantom and Spectre which use protocols based on block DAG (Directed Acyclic Graph) to achieve efficient and fast consensus.

Verdict

Decentralized computing marketplace is not a novel idea for a blockchain project. There are numerous startups which have established themselves in the space. In this context, Perlin will probably struggle to distinguish itself. On the positive side, Perlin has backing from big venture funds.

Contacts and Important Links

By Vishal Chawla

Rating

6.8

PLAN

8.0/10

TEAM

6.0/10

MARKETING

7.0/10

MARKET GROWTH

8.0/10

COMPETITORS

5.0/10

Pros

  • Huge demand for affordable compute resources
  • Backing from influential venture funds

Cons

  • A lot of competition in decentralized computer space
  • Average Team

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