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Binance Labs Invest In P2P Network Solutions Startup Marlin Protocol

 
Binance Labs Invest In P2P Network Solutions Startup Marlin Protocol
Exchanges / Breaking News

Marlin is a peer-to-peer superhighway for public blockchains bringing high-performance network infrastructure to modern decentralized networks. Founded by researchers at Stanford and MIT, Marlin facilitates orders of magnitude improvement in throughput in planet-scale decentralized networks and is currently collaborating with platforms like Holochain, Blockcloud, and several others.

Binance Labs has announced its investment backing of Marlin, a layer-zero scaling protocol. Marlin is also pleased to announce former BitTorrent CEO Rogelio Choy is joining the advisory board.

Binance Labs is investing in Marlin through its entrepreneur-focused blockchain and distributed ledger technology portfolio fund. Marlin will be a part of the Binance Labs Incubation Program, San Francisco cohort.

With heavy support already secured from various blockchain visionaries, including former BitTorrent CEO Rogelio Choy, the Binance Labs partnership further strengthens Marlin’s position in blockchain and decentralized business platforms.

“Marlin is addressing a material issue that every blockchain project needs to address - the speed of decentralized transactions at scale. Adoption of the Marlin Protocol can meaningfully drive the long vision of blockchain, mass market adoption of decentralized apps and services,” says Choy.

Developed specifically for blockchains, Marlin Protocol combats issues created by the existing Gossip protocol. The Gossip structure is outdated and ineffective in Web 3.0 environment. The Marlin Protocol scales blockchains at layer zero. This effectively eliminates bottlenecks, security weaknesses, and slow, unreliable network functioning.

"While we've seen many innovative consensus algorithms and off-chain techniques in the industry to solve the scalability issue, Marlin is a group of talented entrepreneurs who tackle the underlying network layers scalability through their node network design and cryptoeconomics. Their fast and decentralized network solution can potentially benefit all blockchains" said Ella Zhang, Head of Binance Labs.

Siddhartha Dutta, CEO of Marlin, and former core developer at Zilliqa, states “Networks are the backbone of peer-to-peer applications. Several billion-dollar networking enterprises have enabled the largest Web 2.0 companies of today. The opportunity to be at the forefront of building the foundational technology necessary for the fast-growing P2P industry excites us the most.”

The Marlin Protocol is currently operating under the mentorship of a deeply knowledgeable advisory council. Its current advisory board includes former BitTorrent CEO Rogelio Choy, COO of Eaze. Choy joined Eaze after Tron’s acquisition of BitTorrent.

Choy is joined by UCLA Computer Science professor Ravi Netravali, PhD, Hari Balakrishnan, PhD from MIT, and Prabhakar Reddy, previously VC at Accel Partners.

Marlin was co-founded by MIT PhD candidate Prateesh Goyal and Pratyaksh Sharma, M.C.S. The founding team is joined by CEO Siddhartha Dutta, who brings experience from both Microsoft and Zilliqa. Dutta was one of two initial core developers at Zilliqa as it developed a sharding-based scalability solution.

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