TLDR Tech / Crypto
Pearl Launches L1 With Proof-of-Useful-Work
Pearl (PRL) is a Bitcoin L1 fork that replaces SHA-256 with matrix multiplication as its proof-of-work mechanism, enabling GPU cycles running AI inference and training workloads to mine PRL while simultaneously securing the network. The OTC price moved from $0.30 to $0.70 in four days, while aggregate network production cost climbed from $0.30 to $0.51 in 72 hours, a 70% increase that the whitepaper attributes to the core property of proof-of-useful-work: in equilibrium, the price floor tracks the marginal cost of the underlying compute. PRL has no CEX listing, no DEX pool, no Coingecko or CoinMarketCap entry, with all current price discovery occurring OTC. The design positions Pearl as a monetary asset whose cost of production is the marginal cost of GPU compute, the input resource that underwrites AI inference at scale.
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