Perlin

Analysis

The review is based only on a draft whitepaper.

Perlin is comprised of three categories of parties: validators, miners, and customers. Any given party may choose to belong to more than one category at any point in time.

Miners. Miners are suppliers of compute power within the network, providing customers compute power for the execution of a wide variety of computational tasks. Miners supply compute power by spawning a virtual machine instance with a specied set of resources a miner wishes to reserve for potential customers. Once a virtual machine instance is created, miners broadcast their compute supply on Perlin’s market in terms of their reserved RAM capacity and CPU clock frequency. Should any computational task be open on the market requiring resource specications equivalent to or less than a miner’s provisioned resources, miners may choose to register to work on said computational task. Miners are paid out based on both how long they rent out their compute supply and how powerful their compute supply is.

Customers. Customers register computational tasks onto the network with a xed pool of perls to be paid out to miners. Customers specify both the bare minimum and cumulative total set of resources required from miners looking to work on a supervisor’s submitted tasks in terms of both RAM capacity and CPU clock frequency. Customers access a miner’s virtual machine instance through SSH, and are responsible for coordinating, supervising, and executing computational tasks on the virtual machine instance of a miner. Through the use of the Perlin SDK, customers can easily program decentralized applications and computational tasks powered by rented miner virtual machine instances using a wide number of programming languages.

Validators. Validators come to consensus and log transactions made between miners and customers through a distributed ledger. Validators are elected through a rotating quorum mechanism in which candidates from a pool of candidate validators are probabilistically more likely to be elected should they stake greater amounts of perls than other candidate validator. Validators benet from taking a commission in the form of a transaction fee from every single transaction they verify and broadcast from miners or customers. Transaction fees for each transaction are determined by the customer sending the transaction, and hence are incentives for a validator to quickly validate and broadcast the transaction across the network. Elections for choosing validators out of a candidate pool of validators occur at a timely basis roughly equivalent to 1 minute.

Additionally, Perlin has an easy to use Go library for P2P communication.

Conclusion

The review is too early to be useful. Need to check Perlin again when there is more information.

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