Paloma completes the month of May with messenger mainnet now upgraded to v1.0.0 of Paloma and Pigeon. Compass is now on Ethereum and BNB chain mainnets which means new applications for cross-chain execution. Lastly, we continue to upgrade Paloma to v1.1.0 with new security features for remote contract execution.
Congratulations to the Paloma community of pigeons. Congratulations to all Volume team members and as well as Cosmos community members. Paloma messenger mainnet successfully upgraded to Paloma V1.0.0 and Pigeon v1.0.0 with Cosmos SDK v0.47.1 having no major issues. Over 50 validators are in sync with new validators coming online daily. Last week’s mainnet switch was the success we were planning to achieve and we are very fortunate it went off so well. We did have some tweaks with GLIBC libraries being unsupported on Ubuntu installations, but Pigeons were quickly able to build Paloma from source.
Now that Paloma Cosmos SDK v0.471 is live, it’s time to turn attention to Pigeon cross-chain relay communications on mainnet with proposals to upgrade and deliver BNB Chain mainnet and Ethereum mainnet validator set updates.
Stay up to date and follow the Paloma public repositories and the commits of ongoing upgrades to Paloma Cosmos-SDK blockchain here:
More Paloma wins from last week. Paloma’s Compass-EVM was successfully voted into the network and deployed on two major blockchains. Validators are currently delivering validator set updates on both BNB and ETH chains. Over 50 validators now are running security updates on BNB and ETH. These security updates consist of all validators and their power, by stake, on the Paloma network. When the powers of the validators change, either due to spending tokens or adding to their delegation, Paloma will update the snapshot of the validator set and publish the signed set to the target chain. Now that validator set updates are being delivered cross-chain, it’s time to optimize those messages to lower the cost burden on validators.
We will be sharing further invitations to developers to test Paloma’s security features in the upcoming version with a new decentralized application that controls cross-chain contracts without the risk of unauthorized access.
Congratulations to the Paloma community for bringing Paloma’s mainnet and cross-chain relays to life. Now that validator set updates are continuing across chains, the Paloma team aims to optimize and lower cost to support Paloma chain relay activity with more efficient validator set updates as well as increase the number of chains supported by the network.
The Volume and Binary teams also now turn towards delivering additional security upgrades so that developers and users will have confidence that Paloma’s basic security ensures that smart contract developers can challenge message sender identity checks via Paloma public key or Cosmwasm contract.
There are still over 500,000 GRAINs to collect from
and most GRAINs are being collected on stable swaps. Make sure to swap, collect, and stake your GRAINs as much as you can as the bots come online from Paloma.
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