A supercomputer in
the palm of your hand.
Perlin is a bleeding-fast ledger with a powerful compute layer.
About Perlin
Perlin is the first practical, trustless and decentralized cloud computing marketplace that leverages underutilized compute power in everyday smart-devices to make supercomputing economically viable and accessible globally.
The Ledger
Wavelet: a metastable, Sybil-resistant ledger

As it stands, current blockchains and consensus protocols have several performance issues that prevent mass adoption. Ledgers need to be fast, secure and scalable to support the development of decentralized applications (DApps).

Wavelet is a directed-acyclic-graph (DAG) that bootstraps a hardened version of the Avalanche consensus protocol with a novel implementation of proof-of-stake to produce a ledger that is metastable, Sybil-resistant, truly decentralized and fast.

  • A bleeding-fast ledger ...benchmarking results to come!
  • A leaderless consensus protocol that is robust, decentralized and resource efficient.
  • Sybil-resistant via a novel implementation of proof-of-stake.
  • A privacy-preserving layer even in the presence of Byzantine adversaries.
  • Smart contract SDK to support the development of DApps that are secure, practical and scalable.
The Compute Layer
Decentralized cloud computing

Perlin’s compute layer is bootstrapped on top of it’s DAG-based ledger unlocking a plethora of underutilized compute resources from everyday devices, to form a decentralized cloud computing marketplace that combats the inflated pricing models set by the oligopolistic cloud computing market.

Miners with everyday devices such as a smartphone, can securely rent away their idle compute capacity in exchange for a virtual currency termed PERLs, to customers of the network (researchers, startups and enterprises) who are in need of computing power.

This is where Perlin’s cryptographic tying of compute resources into a virtual currency is transacted on an open, self-audited distributed ledger, establishing a novel liquid market for computing power.

This paradigm shift in cloud computing will set the precedence for truly decentralized economies - a world where smartphones can collectively process computationally intensive algorithms in areas such as cancer research and artificial intelligence alike.

Our Team

Dorjee Sun

Co-founder & Project Manager

Kenta Iwasaki

Co-founder & CTO

Mirza Uddin

Co-founder & Head of Business Development

Trung Nguyen

Co-founder & Marketing Lead

Ajay Prakash

Co-founder & Head of Product

Anup Malani, PhD

Research, Strategic & Commercial Partnerships Global Lead


Senior Developer

Jack Li, PhD

Senior Developer

Heyang Zhou

Senior Developer

Joanne Huynh

Finance & Admin

Darren Toh

Compliance & Communications

Ali Kurtze

Indonesia Development Manager

Raheel Khursheed

India Development Manager

Our Advisors

Vincent Zhou

Founding Partner of FBG Capital

Taiyang Zhang

CEO of Republic Protocol

Howard Wu

Co-founder of Dekrypt Capital

Michael Arrington

Co-founder of CrunchFund & Founder of TechCrunch

Rob Eldridge

Managing Partner at Tapas Capital & Ex-CFO of Asia and Emerging Markets at Amazon

Lasse Clausen

Co-founder of 1kx

Jack Yi

Founder of LD Capital

Stephen Banfield

Partner at Withers Singapore

Taylor Sittler, PhD

Co-founder of Color Genomics & Venture Partner at Khosla Ventures

Addison Huegel

Managing Partner & Director at BlockPR & Elevator Communications, LLC

Michael Migliero

Partner at Mek Group

Token Holders
FBG Capital
Global Brain
Arrington XRP
LD Capital
Signum Capital
Node Capital
YouBi Capital
OkEX Capital
Consensus Capital
Tapas Capital
Origin X Capital
See full list here.
Technical Roadmap
December 2017
IdeationPerlin is founded.
June 2018
Avalanche ConsensusThe Avalanche Consensus is implemented to improve DAG throughput times.
July 2018
Whitepaper ReleaseThe preliminary version of the whitepaper is released to the public.
September 2018
WaveletImprovements are made to the short comings of Avalanche to create a metastable, Sybil-resistant ledger called Wavelet.
October 2018
Testnet AlphaAlpha release of the testnet will consist of binaries and documentation.
November 2018
Stability and Speed ImprovementsTestnet benchmarking results for stability and speed.
January 2019
Compute PlatformA testnet version of our compute layer with a realtime demo will be published.
March 2019
Mobile IntegrationA testnet version for mobile support on Android phones.
June 2019
Mainnet ReleaseThe mainnet release will accompany support for smart contracts, Kubernetes, GPU’s and the genesis block.
In the Media
October 29, 2018

During this year’s Consensus: Singapore 2018 conference, CryptoGlobe caught up with Dorjee Sun, project manager at Perlin, “the first practical, trustless and decentralized cloud...

Crypto Globe
October 3, 2018

A few months ago, we published an introductory blog post about reverse engineering WebAssembly (Wasm) applications. Given the increased usage and coverage of Wasm in the meantime...

October 24, 2018

'Our goal is to become the Airbnb for cloud computing', said Kenta Iwasaki, co-founder of blockchain startup Perlin, in the interview with DT Jun, which is a good...

MIT Technology Review China
October 18, 2018

While most cryptocurrency projects promise to better the world, Perlin appears to be one step closer to making this a reality. Perlin’s mission to create a decentralized...

BTC Manager
October 16, 2018

Perlin Network (http://perlin.net/) is a DAG-based decentralised layer on top of the most recent consensus protocol Avalanche, which is a Bysantine fault tolerant...

ICO Drops
October 15, 2018

Perlin has built a secure and ultra-fast network platform to utilize the vast amounts of idle compute power available on computers, smartphones, game consoles...

Bankless Times
October 9, 2018

The Perlin network is helping to utilize the spare computing power of millions of computers, phones, and other devices. This will be the first practical...

October 9, 2018

Perlin has built a decentralized network that will allow owners of computers, phones and other smart devices to rent out their unused computing power.

Crypto News
October 9, 2018

With the supply committed by existing partners, Perlin has already created the world’s largest distributed network grid supercomputer with nearly 380 PetaFLOPs...

AP News
See all news here.
What is Perlin?

Perlin is the first practical, trustless and decentralized cloud computing marketplace that leverages underutilized compute power in everyday smart-devices to make supercomputing economically viable and accessible globally. This is achieved via a DAG-based distributed ledger using Avalanche consensus.

What problem does Perlin solve?

Researchers, developers, startups and enterprises incur excessive costs to power up the cloud machines/instances they rent from centralized cloud computing providers.

Perlin is creating 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.

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 Avalanche consensus?

To reach consensus, Perlin’s ledger uses the Avalanche protocol - a leaderless Byzantine fault-tolerant metastable distributed ledger protocol that holds high magnitudes of confidence thresholds despite the potential presence of Byzantine adversaries. A technical paper released by the group Team Rocket titled ‘Snowflake to Avalanche’ details the protocol here.

Avalanche consensus achieved 1,300 tps on a network with 2,000 nodes and a median consensus latency of 4.2 to 5.8 seconds.

In comparison, Ethereum achieves 10-15 tps with inconsistent latency times spanning minutes to several hours. Over time, we have seen highly congested blockchains suffer as per queueing theory.

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 benefit of a DAG-based ledger with Avalanche consensus?

Avalanche consensus achieved 1,300 TPS on a network with 2,000 nodes and a median consensus latency of 4.2 to 5.8 seconds.

In comparison, Ethereum achieves 10-15 TPS with inconsistent latency times spanning from minutes to several hours. Over time, we have seen highly congested blockchains like Ethereum suffer as a result of queueing theory.

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.

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?

PERLs will initially be distributed as ERC20 tokens. However PERLs will be swapped with our native token upon the release of our mainnet.

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 $0.04 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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