Frequently Asked Questions
The distributed ledger technology (DLT) company that developed Wavelet™ - a secure, high-speed, and truly decentralized ledger at scale for commercial enterprise.
General
What is Perlin?

Perlin develops blockchain and distributed ledger technology - empowering enterprises with the essential building blocks to lead the next century of trade. We facilitate and build customised real-world DLT applications for both consumers and enterprises of all types and sizes to help them meet the challenges of modern trade and commerce.

What problem does Perlin solve?

Perlin aims to solve a number of problems in modern trade and commerce through a variety of ecosystem products.

The Wavelet Distributed Ledger Wavelet is designed to be the fastest, most secure, and most scalable public ledger in existence today. Wavelet is underpinned by a new and significantly more energy efficient proof-of-stake consensus model that removes profit from dishonest activity and quickly isolates bad nodes, eliminating the ability of any one player or coordinated group to dominate the network.

Perlin Clarify Clarify is a highly efficient, transparent, and easy-to-use solution for implementing full traceability over your value chain for stakeholders and customers. Clarify is built on the blockchain and a decentralised database to ensure that value chain data is permanent and unalterable.

Perlin Certify Certify is a powerful authentication and ownership tracking tool, designed to create a permanent digital record of your products and assets that cannot be faked, duplicated or dishonestly altered.

Perlin Cloudify Cloudify is a decentralized, trustless cloud computing marketplace which delivers massive computational throughput and power with the ability to attain high transaction volume and market activity, effectively reducing the cost of computing power.

Where is Perlin based?

Perlin has offices in Singapore, New York, Sydney and Hong Kong.

Where can I go to learn more about Perlin?

To stay updated, please subscribe to our Newsletter. In addition, follow us on Medium, Twitter, Facebook, Telegram, Discord and Reddit.

Wavelet Testnet
How can i participate in the testnet?

All you have to do is visit our Github page at https://github.com/perlin-network/wavelet-bin and download the Wavelet binaries. Then go to https://github.com/perlin-network/lens to check out LENS, our network explorer (or the testnet deployment of LENS at https://perlin-network.github.io/lens/#/).

If you want to get started writing smart contracts in Rust, visit https://github.com/perlin-network/smart-contract-rs and download our Rust smart contract SDK.

For a more general overview, you can check out our new Wavelet page at https://perlin-network.github.io/wavelet/ for all the resources and links for testnet.

What can I do using LENS?

Using LENS, you can:

  • Send and receive testnet PERLs, and monitor your balance
  • Stake tokens, view stake earnings, adjust your stake, and list transactions that your node has validated
  • View and deploy smart contracts
  • Execute WASM smart contract functions with custom parameters
  • Work with WASM files
  • Check network information, like connected nodes and transaction flow
  • Monitor vital network statistics like average network speed (ANS) and average time to finality (ATTF)
How does Wavelet’s consensus model work?

Nodes in Wavelet continually sample both the nodes around them and the state of the network as a whole, and use this data to decide on the legitimacy of incoming new transactions. An incredibly low time-to-finality, regulated by network difficulty measures, means that transactions are checked, verified, and authoritatively locked into the record, on average, every four to eight seconds.

This consensus model guarantees an agreed-on ordering of transactions despite the intrinsic nonlinear nature of directed acyclic graphs that rely on outward-spreading pools of consensus rather than having nodes compete or stake their way to become leaders. The benefits of this approach are very fast transaction speeds (on the order of 10k TPS), easy scalability to millions of nodes, and very low energy demands—without giving up security or degree of decentralization.

How are Noise, Life, and Wavelet related?

Noise is a flexible framework for writing performant networking protocols, and the network-level basis for Wavelet. Life is the smart contract virtual machine that powers the execution of Wavelet’s WebAssembly smart contracts. Noise and Life are essential parts of Wavelet and enable Wavelet’s high levels of performance and functionality.

What can be built on Wavelet?

Anything that warrants a distributed ledger that is fast, robust, and easily scalable out to millions of nodes can be built on Wavelet. This includes:

  • Financial networks for distributed lending
  • Insurance applications
  • Supply chain solutions
  • Fully anonymized medical databases
  • Security applications
  • Decentralized social networks
  • Decentralized exchanges

...any problem that requires a robust decentralized framework can be addressed by Wavelet.

Technical
What is a Directed Acyclic Graph (DAG)?

Perlin’s ledger is DAG - a data structure that maintains a topological sorting. It is comprised of a series of nodes with directed edges between earlier and later nodes within the sequence and it presents itself as one of the first monumental alternatives to blockchains scalability issues.

What is Wavelet?

The recent introduction of metastable consensus protocols from the Snowflake to Avalanche has intrigued researchers and engineers across the cryptocurrency space, and has been the basis for much of the exciting research and development efforts we have undertaken here at Perlin.

However, misnomers, edge cases and minor discrepancies around this new family of protocols have yet to be addressed and that is why we have pieced together a novel, practical high-throughput ledger: Wavelet that is metastable and Sybil-resistant.

What is the difference between the ledger and the compute layer?

The ledger stores network data. The compute layer is Perlin’s own decentralized application bootstrapped on top of the DAG-based ledger.

Can DApps be launched on Perlin?

Yes, Perlin’s ledger provides developers with the infrastructure to create DApps with ease, security and scalability.

Token
What is the role of PERLs?

Perlin ties the remote allocation of a specific amount of computational time and resources through cryptographic means into a virtual currency termed PERLs.

Are PERLs an ERC20 token?

No. PERLs are not an ERC-20 token. PERLs are utility tokens and the native tokens will only be released upon the Wavelet mainnet when users of PERLs may use platforms and applications built on Wavelet (Perlin's distributed ledger).

What is the token price?

Very few (if any) projects reveal their seed round metrics, however with full transparency these are our official token-sale metrics.

Seed Sale (Dec, 2017 to Jan, 2018) - 20% of Tokens Issued. At the seed round the project was pre-whitepaper, had no technical development and no strategic partners. Token price of $0.06 with a 12-month lockup from time of investment and a 12-month vesting period from token-generation-event. This means that any vested tokens are not accessible within the lockup period.

Strategic Sale (April, 2018 to May, 2018) - 20% of Tokens Issued. At the strategic round the project had a 3 person team, whitepaper v1.0, 3 months of technical development and over 60+ strategic partners. Token price of $0.12 with 6-month vesting from token-generation-event.

Private Sale (June, 2018 to July, 2018) - 7.5% of Tokens Issued. At the private sale round the project had 10+ person team, whitepaper v2.0, 3 separate independent code reviews with high marks, 5 months of technical development and over 200+ strategic partners and token purchasers. Token price of $0.20 with 3-month lockup from exchange-listing.

Further Sale Details. TBA

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