Delphi Labs, the protocol R&D division of Delphi Digital, is described by Cointelegraph as having a staff of close to 50 individuals working on the incubation of Web3.0 primitives. Prior to Terra’s collapse in May, the R&D section had been concentrating on studying and creating procedures for Terra, but it now must include other ecosystems.
Delphi Digital, independent research, and Investment Company that was established in 2018 and launched its Labs division in 2021, provides institutional-grade analysis of the market for digital assets.
Based on details provided by Cointelegraph in a recent post, Delphi Digital said that its team considered a number of blockchain ecosystems before settling on the Cosmos ecosystem as the best appropriate for its requirements, which are mostly related to decentralized finance (DeFi). Delphi Labs determined that Cosmos was the proper ecosystem on which to concentrate its R&D.
The company considered a number of additional considerations before deciding to support Cosmos, including speed, chain liquidity, decentralization, cross-chain interoperability, technological maturity, and code portability.
Furthermore, Delphi Digital suggested that, while hosting the greatest number of decentralized apps (dApps), the speed and cost of using the Ethereum base layer are the issues with the blockchain that lead to a bad user experience, according to Cointelegraph.
Rollups allow Ethereum to overcome this issue, according to the paper, however, interoperability across chains and outages are seen as disadvantages. The report listed Polygon, Optimism, Starknet, Cosmos, Avalanche, Solana, Polkadot, Near, and Celestia, with Cosmos obtaining the highest overall rating.
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