Big congratulations to the Paloma Network for the massive success of the Cosmos SDK 50 upgrade! This brings Paloma up to the speed and capacity of leading blockchains in the Cosmos ecosystem. The host of this week’s AMA episode, Taariq Lewis @LewisTaariq, CEO of VolumeFi (
volume.finance
) offers a post-mortem on this significant milestone allowing Paloma to take advantage of all the new features of the best version of Cosmos SDK, including optimistic execution and a speed boost with block times reduced to 500 milliseconds. The team goes all hands on deck to debug and fix issues to keep the network stable.
The road is now clear to get Pigeon Feed up and running. For the rest of April, Paloma will be mainly focused on Pigeon Feed, and it is expected that validators will be able to claim their GRAIN rewards from the target chain by month’s end.
Once relaying issues are addressed, more Palomabots will be launched to showcase the power of the Paloma network.
The host welcomes everyone to Volume’s Twitter Spaces. He congratulates all Pigeons on the success of the Cosmos SDK upgrade.
Taariq shares a brief background about Volume.
He adds that the focus is for Paloma validators to get paid to manage transactions remotely across multiple blockchains while ensuring that those transactions are executed quickly.
The team continues to work through bugs and issues after the upgrade to Cosmos SDK 50.5 last week. Taariq reports that three major debugging issues are being addressed. There was a remote signer issue despite the upgrade to tmkms, where validators were unable to sign blocks and failed on the consensus level. The upgrade handler bug is under review by Binary Builders who are working on the fix. The team is tracking down AppHash and RPC failures to fix the errors. Despite the challenges during the transition, Taariq assures that the upgrade is a success and they are working towards resolving the issues.
The success is a great testament to the hard work of Christian, ByteBandit, Vera, and the rest of the protocol engineering team.
This week, Paloma will be focused on debugging relays and AppHash errors. They are unable to launch new bots because the relays are not working properly. The team is working on getting more snapshots available for validators and start working from there.
The goal is to get all validators back online by the end of the week and get relaying back to full functionality.
Following the upgrade to Cosmos 50.5, Pigeon Feed needs to restart. Its architecture was built to reward validators with GRAINS. After addressing a potential security risk identified last week, the road is now clear to get Pigeon Feed up and running. Refunds from Volume will be phasing out as validators will now be able to collect GRAINS on the target chain as a reward for relaying messages. Validators will then be able to swap their GRAINS into ETH.
Pigeon Feed will be the team’s focus for the rest of April and Taariq anticipates that validators will be getting rewards on the target chain by month’s end.
The Paloma Chain gets a speed boost with the Cosmos SDK upgrade, as block times will speed up from 750 milliseconds to 500 milliseconds. Enabled for optimistic execution, Paloma will be as powerful as some of the leading blockchains in the Cosmos ecosystem.
The Gravity Bridge will be upgraded after Pigeon Feed. Taariq states that is likely that the Gravity Bridge tax will be burned.
The value of grains will be supported, and if there are less GRAINS as folks are coming across the bridge to liquidate, GRAINS will go up in value.
Taking lessons from Sommelier and their discussions about burning fees to help those who are staking, Taariq explains that Sommelier is a zero inflation chain while Paloma is a 7% inflation chain, so burning fees may be more productive because it will raise the value of the GRAIN token.
Taariq announces that more Palomabots will be launched once relaying goes back up.
More people will be coming on board to help with debugging and resolving transition issues. He thanks the Vitwit team for helping the team with migration and development. They will be back to help debug so that Paloma can fix, stabilize, and expand.
Taariq thanks everyone for listening to today’s AMA episode. As the Paloma Network is now in the same league as the most advanced chains in the Cosmos ecosystem, he reiterates that the team will continue to debug, fix the issues and scale the network.
Stay tuned for the next AMA!
To find out more about Volume, check out Volume Finance (
), join the Discord (
), and follow us on Twitter (@Volumefi). Check out Paloma Chain on
(
), follow them on Twitter (@palomachain), and join the flock on Discord (
). Coo!