This report will give readers a brief introduction to Marlin Protocol, a new project that is increasingly being talked about among cryptocurrency and blockchain enthusiast due to the strong impact that it could have within the space if it were to be successful.
Here will you find everything you need to know from: What the project is, the issues within the current no-so-decentralized industry, the high profile investors and the extremely talented team behind the project.
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What’s the Marling Protocol?
The Marlin Protocol is a secure network enabling decentralized networks to benefit from high-performance relay networks without compromising its decentralization.
Its benefits include higher throughput for blockchain networks, lower costs, faster bandwidth and higher performing cloud services. Additionally, there are several other use cases for Marlin that you can read up on in their white paper, here.
“The project itself is about high-performance networking infrastructure for the decentralized ecosystem… The faster nodes can communicate, the faster you can get things done.”
Marlin Protocol CEO, Siddhartha Dutta
What problems does it solve?
Marlin Protocol solves the issue of slow & ineffective blockchain networks communicating with higher performing and layer zero networking resolution. The Marlin Protocol team has put a vast amount of time into developing an absolutely brand new protocol for blockchain networks.
What’s their goal?
The team aims to disrupt the current state of CDNs (Content Delivery Networks), which are considered to be too expensive for small-scale businesses. They will decentralize CDNs by providing a peer-to-peer CDN that will rely on a two-tiered network of master nodes and relay nodes to ensure high availability, performance and scalibility.
This disruption would lead to Marlin competing with current CDN solutions, but keeping it economically viable for small businesses and publishers.
The team describes itself as:
“a peer-to-peer superhighway for public blockchains bringing high-performance network infrastructure to modern decentralized networks.
Founded by researchers at Stanford and MIT, Marlin facilitates orders of magnitude improvement in throughput in planet-scale decentralized networks and is currently collaborating with platforms like Holochain, Blockcloud, and several others.”
Within most blockchain networks, the current state can not be described as scalable.
Second layer solutions like Zilliqa’s sharding mechanism are in existence and are currently in use in an attempt to improve scalability. However, none of these protocols have received the kind of attention necessary to provide mass adoption of blockchain technology.
Furthermore, none of the existing protocols can truly be described as decentralized.
This is a huge problem for many large distributed networks as decentralization is an instrumental aspect of the original conception of cryptocurrency and cryptography.
Marlin’s layer zero protocol transforms network communications at the core. With the Marlin Protocol, there is no need to develop additional layers of scaling functionality. Scalability is built into the network as an open-source project.
“Marlin is addressing a material issue that every blockchain project needs to address – the speed of decentralized transactions at scale. Adoption of the Marlin Protocol can meaningfully drive the long vision of blockchain, mass-market adoption of decentralized apps and services.”
Advisor, Rogelio Choy, whom previously served as the CEO of BitTorrent.
The new startup Marlin Protocol received funding from Binance Labs, Arrington XRP, Electric Capital, NGC and other major investors in the amount of $3 million.
The Marlin Protocol has already partnered with various blockchain projects by providing them with additional performance
“We could not have found a stronger project than Marlin Protocol. Founded by graduates from the Indian Institute of Technology Bombay (IITB) and backed by marquee institutional investors like Binance Labs, Layer 0 scaling solution.
Marlin Protocol is a particularly innovative project which Matic is excited to be closely supporting on their journey as it has direct add-on benefits for Matic’s sidechains. Matic can use Marlin Protocol on the sidechain network to further scale the already massively high performing sidechains.”
“Through the Vuulr Marketplace, we aim to establish a trustable service that provides a smooth and seamless discovery to delivery experience for our film & TV content rights buyers and sellers. By working with Marlin Protocol, we are reinforcing our goal of improving time and cost efficiencies to our users via a reliable and efficient database. This is why we are very happy to have Marlin acting as a supporting technology of our platform.”
Vuulr CEO, Ian McKee
The Core Team
Siddhartha Dutta – CEO
Former Core Developer Zilliqa, Former software Engineer Microsoft.
Pratyaksh Sharma – CTO
Facebook, Pinterest, Python Software Foundation, ETH Zurich.
Prateesh Goyal – CoFounder
Ph.D Candidate MIT, IIT Bombay
Syam Sundar – COO
Founder Requittal Technologies, Founder Phantom Labs
Founded and led by blockchain pioneers and entrepreneurs from crypto companies likes Zilliqa and traditional institutions such as Microsoft, Stanford, and MIT.
The Marlin Protocol “Marlin is a group of talented entrepreneurs who tackle the underlying network layers scalability through their node network design and cryptoeconomics. Their fast and decentralized network solution can potentially benefit all blockchains.”
Ella Zhang, Head of Binance Labs
The Marlin Network
Stakeholders Nodes within the Marlin Network can be classified under the following roles:
1. Marlin nodes – Nodes that serve as relay nodes in the Marlin Network.
2. Auditors – Nodes that ensure that the relay nodes or relay networks area biding by their performance & SLA guarantees.
3. Miners – Block producers in blockchain networks that use the Marlin relay network to propagate packets & blocks.
4. Full nodes – Users that use the Marlin Network to receive the latest transactions & blocks from the blockchain platforms they are interested in.
The Marlin network is a versatile marketplace of relay networks where multiple relay networks compete to carry blocks for the same blockchain, ensuring a high-performing network of relayers without compromising its decentralization.