In its early days, Palm will rely on a pool of known validators to secure the network. While the Palm team believes the network is sufficiently decentralized to meet the needs of the Ethereum blockchain community in the short-term, it cannot be argued that it is less decentralized than a network like public Ethereum where anyone can participate in the mining process.
This tradeoff was made in order to ensure that the network met the scalability, usability, cost, and environmental requirements of the various community stakeholders at launch. Long-term, Palm plans to evolve into a Layer 2 solution for NFTs. While some teams are driving forward with Layer 2 solutions today, it is the belief of the Palm team that Layer 2s are not ready for prime time with NFTs.
More information on the Palm network roadmap will be shared on our blog in future posts.