Perlin

Perlin PERL

$0.0266
Market Cap $ 12.871 MM (#439)
24h Volume $ 1.252 MM
Chg. 24h: 3.15%
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Perlin project purpose and description

Perlin clarity of purpose

Perlin purpose and aspects

Wavelet (Perlin's ledger, a DAG-based probabilistic consensus mechanism) describes itself as a highly scalable, PoS smart contract platform that is reportedly able to achieve a throughput of 31,000+ TPS and has 0 to 4 second time to finality. It also has a leaderless proof of stake protocol which does not use committees or delegation.

Perlin categories

PlatformSmart contractsDigital currency

Short description

Perlin: A leaderless, proof of stake, smart contract platform. Perlin is powering the future of trade with enterprise solutions built on top of the world’s fastest public ledger. Our mission is to empower enterprises with best-in-class technology and the essential Building Blocks they need to meet the challenges of future digital economies and trade.

Abstract

Wavelet introduces a novel family of directed-acyclic-graph (DAG)-based consensus protocols. It is designed to alleviate the numerous scalability dilemmas predicated in decentralized ledgers, such as those that utilize either the longest chain rule, or some variant of stake delegation or committee election scheme. Wavelet guarantees irreversibility of transactions, and a consistent total ordering of transactions without any compromise on safety, performance or liveness; enabling features such as transaction graph pruning and Turing-complete smart contract execution. The safety and liveness of Wavelet is solely dependent on the safety and liveness of any arbitrarily chosen Byzantine fault-tolerant binary consensus protocol executed within the Wavelet framework. Unlike prior works, Wavelet requires minimal configuration of a minuscule set of system parameters to work in a large range of practical network settings where communication is only partially synchronous.

Link to Roadmap: n/a
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