POND is an ERC-20 utility token of the decentralized open-source project Marlin, along with another token, MPOND. The token plays a very important role in the Marlin environment: the prospect of getting token rewards stimulates the users to act for the benefit of the network. POND holders can use the token to create their own proposals and support others to decide the resource allocation in the network, as well as stake tokens to run a validator node. Network users earn POND for relaying, for staking MPOND tokens towards the nodes. Staking your tokens towards a node you created serves as collateral or insurance: if you fulfill your role as a node runner, you will get your tokens back topped up with a reward, but if you fail, you will pay the price — the tokens you staked.
The people behind Marlin are leaders Pratyaksh Sharma and Siddhartha Dutta and the advisor team including among others Ethan Fast, Hari Balakrishnan, Prabhakar Reddy.
The Marlin protocol was created to solve one of the biggest issues blockchains face: communication speed. The longer the chain, the slower and more cumbersome the communication process between the nodes is. Marlin’s solution forecasts faster communication with an ability to transfer bigger data amounts. Being a layer-0 project, the protocol benefits from compatibility with all blockchains regardless of the type of consensus mechanism they use. What is even better, the Marlin protocol can speed up any platform that utilizes networking: decentralized exchanges and applications, social and game networks, video and audio streaming platforms, and many other applications. To ensure the security of the protocol, Marlin implemented two measures: creating a worldwide independent auditor network that will constantly probe the protocol and measure its performance, and a compensation fund for Marlin users who suffer losses due to the network’s performance not meeting its SLA.
Would you like to support Marlin or just add POND to your portfolio? Start by using the widget below or go to the SimpleSwap homepage and follow the instructions:
Thank you for your time. Feel free to check out our articles about other coins!