What is Paloma?

Paloma is a layer-1 blockchain that provides decentralized messaging and automated transactions between multiple chains. Its core features include communication through a consensus-based “Message Oracle” that performs secure cross-chain transactions and a “Cosmos SDK” that supports customizable smart contracts.

Validators on Paloma provide security and compliance in networks. Through the Proof of Stake mechanism, as well as the role of “pigeons” (relayers) that transmit bi-directional scheduled messages between Paloma and any other supported blockchain. The protocol also allows developers to program automatic message sending across different blockchains. Paloma's efficient decentralized infrastructure makes it ideal for applications that need reliable cross-chain communication.

The GRAIN token is the native cryptocurrency of the Paloma blockchain, which is designed for cross-chain communication and smart contract automation. GRAIN tokens can be used to pay validators who maintain the network and validate transactions, thereby securing the blockchain. Users can also stake their GRAIN tokens to earn rewards, which helps to mitigate the effects of inflation on their holdings​.