Paloma Chain

Paloma Chain, also known as Paloma, is a cross-chain messaging layer for the blockchain. It was developed by VolumeFi and was launched in 2022. Paloma itself is a software development kit (SDK) blockchain based on Cosmos, and it enables developers to target other Cosmos-SDK chains as well as any Ethereum Virtual Machine and the Solana blockchain. The stated goal of the protocol is to make messaging between blockchains effortless for developers and to drive the volume of transactions that take place on blockchains. The company behind Paloma refers to it as "FedEx for blockchain developers."

Paloma is a Cosmos-SDK blockchain that allows for messages to move between other blockchains, including Ethereum and Binance Smart Chain. The protocol has validators that function as security for the network with a proof-of-stake mechanism and also act as relayers, which are known on the protocol as Pigeons.

Users can send Ethereum messages with a command line entry on Paloma. Gas can be paid for with ETH. Users need to write and deploy a Cosmwasm contract on Paloma. This confirms the message state and releases a new message with gas fees. More messages can be sent using the same process.

In October 2022, Paloma partnered with Pyth Network and AlgoReturns to integrate some of their technology into the protocol so trading signals can be delivered across public blockchains. The integration of the technologies will allow developers to launch new blockchain applications that can conduct trades across different blockchain states.

The Paloma protocol can be used for various purposes:

• minting a non-fungible token (NFT) on Ethereum
• setting up a limit order on Uniswap
• sending generic messages
• interacting with Paloma using Javascript or Python