The creators of Perlin still hold the long-term vision of developing a revenue-generating distributed ledger system that closes the wealth gap. But until smartphones are powerful enough and broadband speeds are fast enough, the team has expanded its scope to include Wavelet, a DAG ledger that powers WebAssembly smart contracts.
Kenta Iwasaki and Dorjee Sun are the cofounders of Perlin, a crypto project powering the future of trade with enterprise solutions built on top of the world’s fastest public ledger. Today, Kenta and Dorjee join us to share their ten-year plan to realize a decentralized cloud compute platform and explain how the network evolved to include smart contracts — with international trade applications. They introduce us to DAG architecture, describing how it leverages alternatives to the longest chain rule and discussing Wavelet’s unique snowball sampling solution for identifying the valid chain.
Kenta weighs in on the main design flaw of Avalanche as a consensus mechanism and offers a high-level overview of how Wavelet achieves total ordering of transactions. He also walks us through the recent Wavelet benchmark, revealing the system’s impressive numbers in terms of transactions per second and time to finality. Listen in to understand the key considerations for smart contract developers building on Perlin and learn how its leaderless proof-of-stake governance model solves for the safety concerns associated with other modern proof-of-stake ledgers
Today’s Topics
[0:30] Kenta’s early interest in programming and background in second-layer Ethereum scaling solutions
[2:45] Dorjee’s experience with technology and environmental startups + his introduction to crypto through the AALD
[5:52] How Kenta’s blog post inspired the Republic Protocol team to seek him out in South Korea
[10:13] What inspired Perlin’s evolution to include smart contracts and their 10-year plan to realize a decentralized cloud compute platform
[15:35] Why the Perlin team chose to build their own independent blockchain rather than rely on Ethereum
[18:35] An introduction to DAG architecture and how it leverages alternatives to the longest chain rule
[20:55] Wavelet’s unique snowball sampling solution for identifying the valid chain
[22:23] The design flaw of Avalanche in terms of partial ordering of transactions
[26:30] A high-level overview of how Wavelet achieves total ordering of transactions
[28:37] The inherent tradeoff Wavelet faces around dropped transactions
[30:13] Kenta’s explanation of difficulty parameters and the role of critical transactions in Perlin consensus
[32:21] The capacity constraints of Wavelet’s scalability
[33:33] Wavelet’s numbers re: transactions per second and time to finality in its recent benchmark
[36:04] How Wavelet is using the gossip protocol and syncing strategy to increase throughput
[38:42] The Perlin team’s approach to storing transaction history
[40:41] Why Wavelet is well-suited for apps built on top of a serverless platform and what open-source DApps developers are bringing to Wavelet
[42:33] The key considerations for smart contract developers building on Perlin (i.e.: minimal code + language of choice)
[46:36] Kenta’s insight around the fundamental safety concern with modern proof-of-stake ledgers + the Perlin leaderless proof-of-stake governance model
[52:50] Perlin’s short- and medium-term applications in the realm of trade and finance + the platform’s partnerships with major commodities players and the International Chamber of Commerce
[59:00] How Perlin’s DApps (Clarify, Certify and Cloudify) seek to drive adoption and demonstrate what the platform can do
[1:02:12] Perlin’s lack of competition in the public blockchain space
[1:03:50] Perlin’s aim to be interoperable with any and all hardware components for international trade applications
[1:05:06] The Perlin timeline for token distribution and launch on Mainnet
[1:05:56] How developers and individuals with an interest in international trade can become a part of the Perlin network
Connect with Kenta & Dorjee
Perlin, Perlin on Discord, Perlin on Telegram, Perlin on Medium, Perlin on Twitter, Perlin on Facebook, Perlin Roadmap, Wavelet, Wavelet on Testnet, Dorjee on LinkedIn, Dorjee on Twitter, Kenta on LinkedIn, Kenta on Twitter
Connect with Thomas & Louis
Resources
NAVER, Australian American Leadership Dialogue, Nick Sullivan, ChangeTip, Good Money, Santiment, Republic Protocol, Kenta on Medium, AWS
Leo Goodman’s Paper on Snowball Sampling, Avalanche Consensus Protocol
Gossip Protocol, Solidity, WebAssemby, Algorand, EOS, Affinity Mining, Telkom, India Innovates, Bitmain, Follow Our Fibre, International Chamber of Commerce, IBM Hyperledger, Dubai Chamber of Commerce and Industry. World Trade Organization
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