What is paloma?

Paloma is a distributed, permissionless, and programmable smart-contract platform designed for interchain execution. It allows developers to build applications that can interact with and control assets across multiple independent blockchains.

Here are some key aspects of Paloma:

• Interchain Execution: Paloma enables the execution of smart contracts across various chains. This allows for more complex and cross-chain functionality. For details about this, see Interchain Execution.

• Permissionless: Paloma aims to be a permissionless platform, meaning anyone can participate in the network without requiring specific authorization.

• Programmable: Developers can write smart contracts for Paloma using a standard language, enabling them to create custom applications for interchain operations. Find more info at Programmable.

• Security: Paloma prioritizes the security of cross-chain transactions through various mechanisms like threshold signature schemes and secure multi-party computation.

• Governance: The Paloma network is governed by its community through a decentralized governance process. For more details, visit Governance.

• Applications: Example use cases include: automated rebalancing of portfolios across chains, cross-chain arbitrage opportunities, and automated cross-chain liquidations.