Founding father of Quantity, which designed the Paloma Protocol, Taariq Lewis, shared his opinions on the upcoming multi-chain future and the way Paloma works to strengthen the ties between chains.
Quantity is a software program improvement firm that developed and is constructed on the Paloma Protocol. Paloma describes itself as a “quick and permissionless blockchain that strikes messages securely between some other blockchains.” It goals at rising the variety of transaction volumes throughout blockchains to extend interoperability.
Paloma is a Cosmos (ATOM) primarily based SDK blockchain and permits builders to construct applications that concentrate on any Cosmos-SDK chains, any Ethereum Digital Machine (EVM), and the Solana (SOL) blockchain.
Growing quantity and strengthening ecosystems
As Lewis describes it, Paloma focuses on rising the transaction quantity on all blockchains. Its mission is to deploy as a protocol and combine with all current chains to feed information and push transaction volumes up.
Paloma does this to learn all blockchains which might be built-in with Paloma. “We exist due to the multi-chain future,” Lewis says, “The extra multi-chain connections we now have, the extra transaction quantity will likely be shared throughout all, and the extra it’ll profit everybody.”
Lewis likens this to a human mind and says the extra neurons join, the higher the mind will work.
Paloma believes {that a} multi-chain future is inevitable. Whereas not understanding precisely what it will seem like, Lewis thinks it’ll kindle extra revolutionary options and higher working ecosystems. He says:
“I can’t let you know what the cross-chain ecosystem seems to be like, however we’re considering extra chains, extra ecosystems [will come]. It’s occurring, its thrilling, and I believe all of us must lean in.”
Shared attestation
Lewis describes Paloma as an “attestation chain.” Identical to the validator blocks attain a consensus concerning transactions, Paloma validators attain a consensus about different issues.
Paloma permits chains to acquire validated information on particular actions which might be occurring on a sequence. It makes use of its validators referred to as “Pigeons” to watch occasions and attain a consensus about their validity. As soon as they do, Paloma validators ship these “messages” to the receiving chain.
Lewis says:
“Customers ship messages to those chains, and when the messages are despatched, we’d like somebody to say, Hey! I noticed that message. I noticed it turning right into a block and right here is its outcomes.”
This permits chains that wish to watch one other blockchain however lack the validator sources to take action on their very own. As an alternative of dedicating a set of validators to watch one blockchain, they’ll use Paloma to acquire validated data with out proudly owning any information.
Shared safety
Shared safety emerges because of shared attestation. Since all chains built-in with Paloma watch one another consistently, it additionally will increase security. Lewis offers an instance to elucidate higher and says:
“We type of have shared safety already. If there was an exploit within the Cosmos ecosystem, all validators within the Cosmos ecosystem will learn about it at this time. And they’re going to all be working collectively to ensure to protect the ecosystem.”
With that being mentioned, Lewis doesn’t argue that Paloma will clear up all safety points. “Will it substitute your auditors? no,” he acknowledges however thinks it could work as a notifier of attainable malicious actions.
To boost their capabilities on shared safety, Lewis admitted that Paloma is engaged on two protocols, which aren’t disclosed simply but.
