The Perlin network is a solution that is helping to find an alternative use for the idle computing power in computers, mobile phones and other gadgets. The platform works by harnessing the computing power form millions of devices to create a blockchain-driven decentralized privacy-preserving cloud network. Moreover, it will assist device owners to monetize their processing power to create a cloud market worth $300 billion over the next three years.
Super-fast Cloud Networks
As noted earlier, most computerized gadgets have spare computing resources that are often idle. Perlin enables the owners of such devices to contribute the idle processing power to form an ultrafast cloud network while earning income for their contributions. The result would be an affordable, fast and secure cloud computing network that is powered by smart contracts.
So far, Perlin has established the world’s largest decentralized computer network with 380 PetaFLOPS of computing power. This is equal to two million standard computers with $1 billion worth of Amazon Web Services’ computing power. The network draws its computing power from 100,000 devices.
10,000 Transactions Per Second
The cloud network will leverage the Wavelet protocol that creates a directed acyclic graph (DAG) blockchain. DAGs can comfortably handle at least 10,000 transactions per second. Speaking on the Wavelet protocol, Vincent Zhou, an investor in Perlin, said that it has remarkable speeds and allows for the creation of other deacntralxze4d projects due to the presence of compilers and smart contract functionality.
The Perlin project is popular with leading institutional investors, including Arrington XRP, 500 Startups, Bitmain, F2Pool, and many more. As per Michael Arrington, an investor in the Perlin network, modern smartphones have higher computing powers than space crafts which sent the first man to the moon. Michael added that if aggregated, the power of such devices is ‘staggering.'