POND token is in the spotlight. What about the token from SHIB?


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POND token is in the spotlight. What about the token from SHIB?

Marlin is an open protocol. It offers users a powerful programmable network infrastructure for both Defi and Web 3.0. Metanodes, the nodes in the Marlin network, operate the MarlinVM. The latter provides developers with a virtual router interface that allows them to provide custom overlays and perform edge calculations.

MarlinVM allows users to create various overlays including low latency block multicast to scale blockchains, mesh networks, low latency mempool sync for arbitrageurs, anonymity networks like Mixnets, device optimization, caching responses from API to Infura and so on.

The company also created its native utility token. POND token holders can use it to stake validator nodes on the network. You can also make decisions and vote on governance proposals to determine how network resources will be allocated. In addition, users can opt for a range of network performance auditors and receive compensation from an insurance fund in the event of an SLA breach.

Marlin wants to deliver on the promise of a decentralized web. Applications secured via the blockchain will be indistinguishable for those familiar with Web 2.0 in terms of performance.

Who are the founders of Marlin?

There are numerous fraud platforms in the defi room. And some of them have such an inexperienced team that they are ripe for failure. Hence, it is important to know the creators of the project in order to decide if it is worth investing your hard earned money. But Marlin has a great team. It is the brainchild of the developers Siddhartha, Roshan and Prateesh. And all of them have many years of experience in peer-to-peer networking.

Siddhartha was a key team member in developing Zilliqa. The latter is the first high-throughput blockchain to use sharding in production. He has also gained experience at Microsoft and Adobe. In addition, Siddhartha is the author of the two US patents. On the other hand, Prateesh is a Ph.D. Candidate at the Massachusetts Institute of Technology. His focus is 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 from the Ethereum Foundation, developers with experience at Facebook, Cisco and Bosch as well as medalists of the International Collegiate Programming Contest (ICPC). She even counts the former CEO of Bittorrent and professors from Princeton and MIT among her advisors. Binance Labs, Michael Arrington and Electric Capital also support Marlin.

What makes Marlin different from other similar projects?

It is one of the few Layer 0 projects that focuses on optimizing the network layer. Marlin actually claims to be the equivalent of an incentivized libp2p. This makes this project ubiquitous on the decentralized web as any peer-to-peer application usually relies on networking between distributed nodes in order to function.

However, Marlin is blockchain agnostic. It offers gateways designed for multiple Layer 1 and Layer 2 platforms. There are other scaling solutions that suffer from the scalability tremma. You have to forego decentralization, performance or security. Unlike them, Marlin’s improvements in the network layer are not subject to such limitations.

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 makes it easy to convert between the two coins via a bridge that returns 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 mainly distributed POND to validators and the community. However, the company stated that these numbers may vary over time due to conversions across the bridge. It requires each Marlin Metanode to stake out MPOND. However, users receive POND in the form of staking rewards.

The team built the Marlin platform on top of Ethereum. Thus, the network of Ethereum nodes protects the correctness of the execution of the Marlin Smart Contracts. That means that this platform is very secure. In addition, the network uses adjustable redundancy via erasure coding to ensure customers receive performance and availability guarantees with the SLAs. The company uses a DAO-backed insurance fund to compensate investors who lose money due to the network’s ineptitude.

Although the ICO of POND tokens is not currently live, investors can still purchase this token. The company sells MPOND among 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 across the bridge. You can also use MPOND against Marlin Metanodes and get POND in staking rewards.

SHIBA INU (SHIB) is still in trend

Shiba Inu is an extraordinary and well-known dog who has inspired millions of people worldwide to invest money in tokens with his image. The SHIBA INU website claims that SHIB is the “DOGECOIN killer”. The company has listed its native token on its own ShibaSwap – a decentralized exchange.

The team created the Shiba Inu coin anonymously in August 2020 under the pseudonym “Ryoshi”. After that, the meme coin quickly gained in speed and value. Defi investors were drawn in by the token’s cute charm 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. In addition, 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 tokens (LASM.) . ). These lower valued tokens have caught the attention of investors and traders who missed the Dogecoin surge from $ 0.0002 to nearly $ 0.75.

Coinbase, the largest US crypto exchange, listed Shiba Inu on its platform on September 17, 2021. That was a huge success for the token. Thanks to this news, Shiba Inu’s price rose more than 40% in the next two days. The meme dog token was traded again.

The creator of the Shiba Inu coin is anonymous. They are only known as “Ryoshi”. Much like Bitcoin’s founder Satoshi Nakamoto, very little is known about the mysterious founder of the dog-themed cryptocurrency.

Why is SHIBA INU unique?

The SHIBA INU website features dog-inspired artists and creators from around the world to promote the “Shiba Artistic Movement”. These artists can bring their SHIBA INU tokens into the NFT market.

In addition, SHIBA INU created a campaign with Amazon Smile. The aim of the campaign is to raise funds for the rescue of real, live Shiba Inu dogs.

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