Recap: Telegram AMA Perlin x VIC

Host Khổng Duy: Welcome to Telegram AMA VIC and Perlin with Mr Dorjeesun - CEO of Perlin, Mr Kiwasaki - CTO of Perlin, and Mr Darren Toh, Head of Communications @ Perlin !!

Darrent Toh: Firstly, thank VIC and Hello Vietnam!! My wife’s family is from Vietnam and I love it there! In fact I was on TV in Vietnam haha

Ask: Could you introduce yourself, Mr Darrent Toh?

Darrent Toh: Ah, well! I have co-founded 20 companies with 2 acquisitions and 4 exits and assets sales, I previously did tech startups, and secured $400M+ with project partners and clients such as Rio Tinto, Bank of America Merrill Lynch, Olam and Twitter. I was a TIME Magazine “Hero of the Environment” and was ex-COO of Santiment.net the cryptocurrency big data industry leader which launched in July 2017 am also an advisor and investor into blockchain projects including Republic Protocol (REN), Powerledger (POWR), Loki Network, Airbloc and Virgil Capital a bitcoin arbitrage hedge fund.

Ask: Oh great!! How was Perlin established?

Darrent Toh: We wondered how to bring the millions of javascript (typescript), go and rust developers into the decentralis ed community and this then started germinating with the idea of applying this to various fields like international trade, decentralised cloud computing etc etc.

I met Kenta my co-founder whilst he was an AI researcher for Naver (Korea’s largest search engine and internet company), previously he was a robotics engineer at DJI (the global leader in developing and manufacturing innovative drone and camera technology), and had been a software engineer for several leading tech firms. We flew to Korea to recruit him and when he joined up, Perlin was born.

Ask: When building a project, in addition to focusing on its products, it must give it a name attached to the project. So, why do you name PERLIN as the name for your project?

Darrent Toh: Perlin is a very big inspiration of mine ? . I started programming when I was about 6 years old, and got into Bitcoin when it was first introduced in 2009.

His most famous algorithm is Perlin Noise. It is used to generate infinite terrains/worlds in Minecraft, and also the beautiful infinite procedurally generated scenery in the movie Tron.

The beauty of the algorithm is that you can take the mathematical definition of "random numbers", or noise - and turn it into artistic structures.

Perlin's goal is to take any forms of noise - like untrusted nodes in a network, and to create beautiful structures out of them like consensus. That is the reason the project is called Perlin.

Ask: Can you please talk a bit about why you feel Perlin needs blockchain, the importance of the token in the Perlin platform. What does the Perlin solve and what is coming that might increase the use and need to stake or use the token? what’s your business model ?

Kenta Iwasaki: Blockchains to me are interesting to me for one reason. I have worked on signal processing, distributed systems, artificial intelligence, and robotics - you might wonder, why are blockchains to me interesting? ?

It's because blockchains solve a problem that has existed since the Web exists. Amazon, Microsoft, Discord, Cloudflare - even though they are really huge companies, their servers STILL crash. Downtimes happen, millions of dollars get lost because of technical failures.

Blockchains are the only, extremely interesting approach to being able to make resilient technology. To make the web much more stronger from a core protocol level.

Wavelet to us is finally a feasible backbone that is fast enough to accomodate a lot of application use cases. We are seeing so much exciting applications already being built on top of it.

Ask: One thing I am very impressed about Perlin is Wavelet. Can you provide us with an overview and current progress of Wavelet?

Kenta Iwasaki: Definitely :D. Wavelet already released its testnet just recently, and one of the utmost focuses we have is practical developer adoption. We have JavaScript and Rust smart contract SDKs, which lets developers whom are used to developing web/mobile/desktop applications, to all of a sudden start building smart contracts with the standard tools and methodologies (unit testing, integration testing, etc.) they are all used to.

I can actually just make a smart contract right now in one line ?

export function _contract_init(): void { const params = Parameters.load(); log("You gave a string: " + params.string()); }

Ask: Why Wavelet makes creating secure, resilient Dapps easy?

Kenta Iwasaki: The developer experience is amazing. Many times, developers have been bitten by Solidity and the strange community that resolves around it. We absolutely want developers to use the tools they know and love to be able to easily build Dapps.

You don't need to know anything about blockchains to build Dapps on Wavelet. If you are a developer by any chance, definitely try out one of our tutorials for building something like your own Telegram in less than 100 lines of code on Wavelet: https://medium.com/perlin-network/build-a-decentralized-chat-using-javascript-rust-webassembly-c775f8484b52

Ask: Why use Avalanche consensus as compared to other consensus mechanisms out there? Hashgraph / DPOS / PBFT / hybrid POW / POS (I recognize you need fast TPS, but why not one of the other consensus mechanisms that are also fast).

Kenta Iwasaki: We actually stopped using Avalanche; there is a new whitepaper detailing the new consensus protocol here: https://wavelet.perlin.net/whitepaper.pdf

We have benchmarked to 31,240 transactions per second with each transaction taking 0 to 4 seconds for finality over 240 nodes. I can go over a lot of different reasons why we didn't utilize other consensus mechanisms.

• Hashgraph: permissioned; requires knowledge of how large the network is; it is not suitable for a public ledger.
• DPOS: Heavily centralized and prone to DDoS attacks: all I have to do, if I am a hacker, is take down a few nodes (maybe 21 nodes) and the entire network will halt. It is very hard to operate a public network, where nodes can freely join, which uses DPOS.
• PBFT: Hyperledger, Tendermint, etc. face serious network halts when prone to network delays/attacks. There is a paper on this: https://arxiv.org/abs/1903.08856
• Hybrid PoS/PoW: we actually are using a very interesting hybrid; which we introduce as leaderless proof-of-stake. We are the first publicly available leaderless proof-of-stake protocol that is able to scale up to a large number of nodes, and have security properties as strong as Bitcoin.

Ask: Follow your whitepaper, Perlin has a leaderless PoS protocol, does not use a committee or an authority. How this use for? What benefit does it have for Perlin?

Darrent Toh: It means that no one group or committee can control Perlin. The network doesn't rely on a small number of super nodes or validators. It is TRULY decentralized the way other centralized chains like EOS and Stellar are not.

Ask: What makes perlin different from other coins?

Kenta Iwasaki: : We are the only DAG protocol that properly supports smart contracts. The protocol we have made allows for a high throughput, and the most decentralized proof of stake protocol available right now: 31,240 TPS with 0 - 4 second finality over 240 nodes, in a public network with consumer-grade level computer specs.

The smart contract interface is a blessing to use; in our last event we even had 2 lawyers make their first Dapp using Wavelet ?, Imagine how difficult it would be to teach Solidity to 2 lawyers.

Ask: How do you plan to compete with competitors?

Kenta Iwasaki: Algorand, Cardano, Avalanche - any existing proof-of-stake protocols right now. The biggest reasons why they are competitors is because their assumptions for ensuring the consensus protocol is correct is that they have a subset of the network - called a committee - responsible for validating all transactions in the network.

Wavelet does not have the concept of a committee. The reason why committees are not safe is simple: if I have a 1000-node committee validating 1 million nodes transactions, the 1000-node committee will suffer from being DDoS'd. Committees are an attack vector. If I have a larger committee, the committee will take a longer time to process through the 1 million nodes transactions. That is very inscalable, and removes the benefits of proof-of-stake being slow.

Ask: Your project has support for Gaming and SUSTAINABILITY applications. That is very beneficial for community development. But what can specifically be done? Wavelet gonna provide gaming platform or payment method?

Kenta Iwasaki: Hmmm... I wonder if we should give a little teaser of something related to gaming that Wavelet is capable of ?. Let's just say something will be coming soon - this is the first time I'll be revealing a bit of this secret project to the public.

Ask: I and my team have followed your project for a while but some concerns about it: Your project gonna build your own main net, so that do you have any more more prominent than Ethereum and NEO. They are projects that were born before and also have a very large community. And what makes you sure your project will ensure the features you've set out?

Kenta Iwasaki: Really want to give my thanks for following us! One of the biggest advantages we, as a technical project have is developer adoption outside of the blockchain community.

Our developer team is absolutely crazy. Child prodigies working on operating systems, compilers, kernels, cybersecurity, games, etc. We have built several open source projects individually in the past, and we are all teaming together to finally bring innovation into the blockchain space that people want and need.

For example, we are the only crypto project to build our own unique, secure WebAssembly VM that is worked on by engineers from Microsoft and Shopify: github.com/perlin-network/life

We have the easiest-to-use decentralized p2p networking library, that is blazing fast as well: https://github.com/perlin-network/noise

Culminatively, we have garnered over 2.2k Github stars and large developer interest. We absolutely know what it takes to make developers lives easier, which translates to excitingly new Dapps that were never available before.

We also have very, very extensive knowledge in distributed systems and cryptography. I can go on to explaining each individual core developers experience, though for me personally I have contributed significantly to NAVER's cloud systems, and have worked extensively on proof of work systems alongside consensus protocols and database performance-based engineering.

Ask: Perlin nodes select a semi-random number of validating nodes only once for transactions. Why it is semi-random and why once? Doesn’t this violate the decentralization and security of the network? Also, doesn’t that mean that there may be transactions taking an indefinite amount of time?

Kenta Iwasaki: It is not semi-random at all, and not once. It is random sampling done over several iterations to safely, with exponential increments in confidence, consensus over the validity of some set of proposed transactions over the network.

The random sampling is done over a S/Kademlia overlay network topology, which decentralizes nodes apart from each other over a XOR-based distance metric constructed based on node activity and node identity uniqueness. This is to be sure that sampling is definitely very random, and non-biased based on the random oracle indifferentiability over the hashes used to construct node iDs.

Ask: Any strategy for perlin for your token value? I mean, spending investment fund to stabilize the market and pushing up the value of the token or at least not letting it to depreciate too quickly after being listed on binance exchange?

Darren Toh: Of course. And that's why we're partnering with the best and brightest projects, companies and dominant exchanges like Binance.

Ask: I am curious that apart from the big demons and the big companies that have invested in perlin, do you have any big sources of investment from another source? If yes please tell me ^

The Singapore Government has helped to fund us too

Ask: Can you "spoil" a little bit ?

You'll have to keep watch on our socials at https://twitter.com/PerlinNetwork and https://t.me/perlinnetworkchat_vn

Ask: I think if the government has poured money into your project, I am sure your project is a wonderful and appealing, I have to go down to join your project kakaka

We are just getting started!! NUS is a partner and we're hoping to bring their talent and skills to blockchain. They have teams building butting edge tech that can plug into Perlin's Wavelet ledger. They will help build out the bigger ecosystem

Ask: What is your future plan to make Perlin one of the top projects in Coinmarketcap?

Darren Toh: Real partnerships that lead to real adoption and real revenues. Basically we want to do business like a real business does it. And the ICC and Singapore Government and other major partners will support us all the way

Host Khổng Duy: Ok, it's time up to rest. Thanks all for your AMA, especially, the BOD of Perlin!! We will discuss more on the Telegram Group and VIC would have the airdrop after the AMA had ended.

Kenta Iwasaki: Thanks VIC!! Again, we love you all and thank you so much for the awesome questions everyone. Good night all!!

VIC.News

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