With Binance’s new IEO right around the corner, many are wondering: what’s Perlin? Here’s what you need to know.
Just over 3⃣ days remain until the ticket 🎟️claim period for the @PerlinNetwork $PERL token sale on #Binance Launchpad opens.— Binance (@binance) August 21, 2019
Check your eligibility & average $BNB holdings here:
What Is Perlin?Perlin is a permissionless proof-of-stake system which currently boasts 31,000 transactions per second and 0 to 4-second finality. The team claims that it is the “world’s fastest ledger” with “easy-to-use WebAssembly smart contracts.” The ultimate goal is to have Perlin power decentralized applications for what will be the ‘Web 3.0.’ Perlin’s ultra-accessibility is all tied into its smart contract platform. Currently, WebAssembly (WASM) is easily supported by all web browsers, including Firefox, Chrome, Internet Explorer, and Safari. WASM is supported in many coding languages, including Rust, C/C++, Java, Python, Elixir, and more. The WASM smart contracts are made possible by Perlin’s ‘Wavelet Ledger’ which is both decentralized and scalable. If you want to support BeInCrypto and trade on one of the world’s largest cryptocurrency exchanges, sign up for a free account at Binance! Perlin operates on a DAG consensus model which takes inspiration from Avalanche, a protocol developed by Cornell University professor Emin Gun Sirer. Noted code reviewer Andre Cronje has said that Perlin’s code thus far is “terrifyingly good” and is a “new paradigm.” He’s usually known for having especially harsh reviews, but this one seemed out of the ordinary. Wavelet is set to be in association with 40,000 companies, 150+ countries, 120 institutional investors, and has access to 4M+ nodes according to the Perlin site.
Binance Seeing High DemandWith Perlin bringing in much hype, demand for the IEO could be the highest we have seen in months. There are only a select number of spots open, and you can check your eligibility and position based on your BNB holdings on the Binance Launchpad itself. It remains to be seen whether Perlin can live up to the high expectations it has set for itself. The project is currently fully operational on MainNet as of this summer, but the tokens will, of course, be on Binance Chain until token swap. So, we still have to wait and see if the tech will meet expectations. Just recently, the Binance research team discovered a dusting attack on Litecoin’s network. Do you plan to participate in the Perlin IEO? Let us know your thoughts in the comments down below. Buy and trade cryptocurrencies with a 100x multiplier on our partner exchange, StormGain.
Images are courtesy of Shutterstock, Twitter.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.