Binance’s next IEO, Perlin (PERL), will go live in 3 days. Here’s what you need to know about this new launch.
From Harmony to Matic, Binance’s IEO has been a kickstarter for many promising cryptocurrencies this year. Participation is dependent on BNB holdings and, almost always, the demand exceeds expectations.
With Binance’s new IEO right around the corner, many are wondering: what’s Perlin? Here’s what you need to know.
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.
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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 Demand
With 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.
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