As reported by Cointelegraph, cryptocurrency research firm Delphi Digital has shifted the focus of its research and development (R&D) protocol, Delphi Labs, to the Cosmos ecosystem.
According to Cointelegraph, Delphi Labs is the protocol research and development arm of Delphi Digital, with a reported team of nearly 50 members working towards incubating Web 3.0 primitives. Previously, the R&D unit was focused on researching and developing Terra’s protocols, but after it collapsed in May, it had to look to other ecosystems. Founded in 2018, Delphi Digital, an independent research and investment firm that provides institutional-level analysis on the digital asset market, launched its Labs segment in 2021.
Informed by Cointelegraph, through a recent report, Delphi Digital found that the team looked at various blockchain ecosystems to determine which one best suited their needs, mostly related to decentralized finance (DeFi). said they ultimately decided on Cosmos. ecosystem. Delphi Labs has made the decision to label Cosmos as the right ecosystem to focus on R&D. The company also focused on factors such as speed, chain liquidity, decentralization, cross-chain interoperability, technical maturity and code portability as factors in the decision to back Cosmos.
Furthermore, Cointelegraph notes that the speed and cost of using Ethereum’s base layer is the problem behind the blockchain and the user experience, even though Ethereum hosts the largest number of decentralized applications (dApps). pointed out that Delphi Digital had made a suggestion that it was causing a decline in The report says rollup could help Ethereum overcome this problem, but sees interoperability and outages between chains as drawbacks.Polygon, Optimism, Starknet, Cosmos, Avalanche, Solana, Polkadot, Near , Celestia were all mentioned in the report, with Cosmos receiving the highest overall rating.
Founded in 2013, Cointelegraph’s website is a digital media resource covering news on blockchain technology, cryptocurrency assets, and emerging financial technology (fintech) trends. Their team aims to deliver news from both the decentralized and centralized worlds.
(Including insights from Cointelegraph)
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