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Usha Yadav
Sep 9, 2022
by Usha Yadav

Delphi Labs Shifts Research Focus to a New Crypto Ecosystem

Delphi Labs

Table of contents

  1. Delphi Labs Shifts Focus
  2. Cosmos Ecosystem
The Cosmos ecosystem is now the main focus of crypto research company Delphi Digital's research and development (R&D) protocol arm Delphi Labs. The protocol R&D branch of Delphi Digital, Delphi Labs, had previously been focused on researching and developing protocols on Terra but was obliged to look into alternative ecosystems after its collapse in May. Delphi Labs has a team of about 50 devoted to incubating "Web3 primitives."

Delphi Labs Shifts Focus

The independent research and investment company established in 2018, Delphi Digital, opened its Labs division in 2021 and now offers an institutional-grade analysis of the market for digital assets. In a thorough analysis released on September 8, Delphi Digital claimed that after carefully examining several blockchain ecosystems to determine which was best for business requirements, primarily decentralized finance (DeFi), it chose the Cosmos environment.

Cosmos Ecosystem

The IBC protocol connects the blockchains that make up the Cosmos network, which is the best idea for an ecosystem of interoperable blockchains. The Cosmos SDK is a set of adaptable modules that serves as a model for building new blockchains, making it easier for various dApps to implement. Delphi Labs chose Cosmos as the ecosystem to concentrate its research and development efforts on because it is "an ecosystem of interoperable blockchains." It identified cross-chain interoperability and Cosmos' capacity to profit from an expanding number of app chains as crucial advantages.

Even though the ecosystem is relatively lacking compared to rivals like Ethereum, the company listed speed, chain liquidity, decentralization, cross-chain interoperability, technological maturity, and code portability as crucial factors in its choice to support Cosmos.

Delphi Digital suggested that despite Ethereum hosting the majority of DeFi apps, the speed and cost of using the Ethereum base layer is the main drawback of the blockchain, resulting in a poor user experience.

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Delphi Labs Shifts Research Focus to a New Crypto Ecosystem
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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