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P2P network solutions startup Marlin Protocol announces Binance Labs investment

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P2P network solutions startup Marlin Protocol announces Binance Labs investment
Source: Pixabay

Marlin, a scalability solution for decentralized web platforms, spearheaded by industry frontrunners from BitTorrent, Zilliqa, MIT, and Stanford, joins the Binance Labs Incubation Program San Francisco cohort, securing substantial investment from the social impact fund. Rogelio Choy, a former BitTorrent CEO, to join the Marlin advisory board.

Marlin is thrilled to announce its partnership with Binance Labs. Marlin, a scalability and enterprise-level network communication provider, will benefit from the support of Binance Labs as it continues to develop and launch a decentralized Content Delivery Network [CDN] solution.

The CDN solution proposed by Marlin is the Marlin Protocol. Marlin is 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.

The Marlin project is supported by a strong advisory council, including Rogelio Choy, former CEO of BitTorrent prior to the Tron acquisition.

The ongoing scalability issue

One of the greater challenges for existing network communication workflows, particularly for blockchain-based and distributed ledger-type business platforms, is the fact that most options are squarely centralized.

For example, the Gossip Protocol is a communication structure developed in the 1980s prior to the commonly used by blockchain projects to disseminate information. However, the concept developed in the 1980s, many years before the launch of Web 2.0.

The Gossip Protocol simply sends a block to neighboring users within the network. These users then send blocks to their neighbors. This goes on until the entire network is in possession of the block. Its most obvious flaw is the time it takes to execute the process throughout the network.

The truly debilitating concern with scaling systems like these as well as solutions designed around this type of foundation is the fact that the entire structure is centralized. Due to the centralized nature of these protocols, blocks are susceptible to privacy breaches, censorship, and other security concerns at the mining level.

Marlin Labs co-founder Prateesh Goyal further explains the core incompatibility these solutions face within distributed ledger platforms:

“Censorship is not the only attack possible at the network layer. Relying on centralized entities gives them the ability to extort and cause partitions amongst other vulnerabilities which are a major threat to the security of the network. After all, if censorship was the only attack possible on blockchains, privacy chains like ZCash, Grin and Monero could have scaled to extremely high throughputs by supporting only a few centralized nodes. Trusting a company based on reputation is not an option either.”

A true solution from Marlin

With the backing of Binance Labs, Marlin is developing a networking solution that will offer unlimited consensus nodes, optimizing system throughput as well as availability. On top of this benefit, the Marlin Protocol maintains functionality, ensuring predictable and reliable network performance without the unfortunate networking bottlenecks seen in existing solutions.

The Marlin Protocol is an open-source project. Blockchains can utilize the efficiency of the Marlin Protocol within their own projects, platforms, and decentralized applications. The greater the protocol’s adoption, the higher the incentives for participation. Marlin postulates that all blockchains can benefit from this level of functionality.

According to Ella Zhang, Head of Binance Labs:

“While we’ve seen many innovative consensus algorithms and off-chain techniques in the industry to solve the scalability issue, Marlin is a group of talented entrepreneurs who tackle the underlying network layers scalability through their node network design and crypto-economics. Their fast and decentralized network solution can potentially benefit all blockchains.”



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Press Release

Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO

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Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO
Source: Probit 3

On June 26, ProBit Exchange sold out all 800,000 BOLTT during Round 3 of  Boltt Coin IEO to wrap up a perfect 3 for 3 with three consecutive IEO sellouts. The stellar results helped the health gamification blockchain project raise a stunning $678,000 as they continue to ramp up their social-health objectives centering around an incentive-based app that rewards users for undertaking physical challenges.

Amidst considerable hype by local and global investors, Round 1 completed almost instantaneously within just a second. A few hours later, Round 2 was launched and met with even greater demand as investors quickly claimed the increased allocation of 500,000 BOLTT in a matter of two seconds.

Within the span of just 3 seconds, ProBit Exchange managed to successfully raise $278,000 for Boltt Coin. The project had already generated major interest through significant partnerships with Kakao subsidiary Klaytn which has announced its upcoming mainnet release along with BCryptos, a Japanese blockchain investment firms backed by a top local VC.

The momentum carried over to the launch of Round 3, which went live June 26, resulting in a quick sellout of all 800,000 tokens and raising yet another eyebrow-raising $400,000 to wrap up a rare sold-out IEO trifecta.

The incredible achievement marks yet another standout IEO campaign throughout their 70+ total IEO rounds conducted so far. ProBit Exchange previously sold out 3 consecutive rounds for Spin Protocol back in March, raising over $500,000 behind the furious pace set from the getgo with $130,000 raised in round 1 in less than 3 minutes.

Ronald Chan, Director of Partnership for Probit Exchange shared that the ability for Probit Exchange to bring in foreign teams to Korea to raise hundreds of thousands is attributed to the track record of IEO on Probit as well as the extensive marketing that Probit Exchange does for IEO projects.

LINIX, Steemhunt, and CLINK are among other projects who saw their IEO campaigns quickly sell out to maximize their initial investments and secure considerable funding for further development.

A steady and increasing stream of projects continues to flock over to acquire the highly sought out IEO expertise of one of the top IEO platforms in the world, a significant achievement for the young exchange who has already rivaled the industry giants in just 7 months of operation.

About ProBit Exchange

ProBit Exchange has completed almost 60 rounds of IEO and has amassed a solidified reputation over a short 6-month span since the startup’s launch. They have conducted multiple rounds of sell-out IEOs and raised millions in the process while refraining from any form of wash volumes or misleading figures. Please visit the IEO page to view the simple, efficient user interface.

ProBit Exchange has also introduced new features such as an ongoing trade mining and stake mining beta service, PROB staking for users to earn discounted trading fees, a referral program that provides 10-20% in further transactions fee savings, as well as a newly released app available on Google Play.

ProBit Global

ProBit Korea

IEO at ProBit Exchange

Many projects place their trust in ProBit Exchange’s IEO platform as we are a one-stop exchange for:

1) Fund-raising – Stellar fundraising track record including over $500,000 raised over three rounds for Spin Protocol, $53,000 in 6 seconds for LINIX, and $60,000 in 11 seconds for Steemhunt.

2) Listing – Instant liquidity against fiat and crypto pairings. Korean Won and USDT. Mild MM included

3) Marketing – Comprehensive services including marketers, marketing agencies, social media marketers and news agency on retainer. View a sample marketing campaign that we conduct for IEO.

Interested projects should fill up this form to start the due diligence process.

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