Related research

The Dawn of Bitcoin Programmability: Paving the Way for Rollups
By
Anil Lulla•
Bitcoin's scripting system is inherently limited in its programmability. Consequently, bridges to Bitcoin rely on multisigs and federation control, introducing trust. This has constrained Bitcoin's utility.
Recent advancements are enhancing programmability on Bitcoin. BitVM, its successors, and CatVM are enabling the verification of off-chain programs on Bitcoin through fraud proofs. This improves the current state of bridging on Bitcoin, minimizing the reliance on trusted multisig setups and federated bridges.
This report explores these recent advancements, including BitVM, CatVM, Lamport signatures, and the proposed OP_CAT opcode, along with their implications for trust-minimized bridging & zk-rollups on Bitcoin.

Delphi Office Hours Call (November 3rd, 2022)
By
Anil Lulla•
Join us for a discussion on Meta's NFT partnerships, GMX dashboard insights, Art Gobblers, and Bitcoin miner BTC holdings.

Delphi Office Hours Call (July 27th, 2022)
By
Anil Lulla•
We recently hosted our Delphi Office Hours call on July 27th.

Glass Half Full on OPtimism
By
Anil Lulla•
This report dives into the intricacies of Optimism's airdrop, novel governance, retroPGF's funding mechanics, and how to get a piece of future incentives.

Moove Over MEV Milkers, Here Comes CowSwap
By
Anil Lulla•
In Part 1 of this report series, we discussed what MEV is and why it exists, in addition to analyzing […]

Flashing A Light On The Dark Forest - Part 1
By
Anil Lulla•
The concept of Maximal Extractable Value (MEV) has been thrust into the spotlight over the past few years, particularly as […]
Concepts
Access Exclusive Research
With Delphi Pro
Tap into the industry’s most comprehensive research reports and media content
on digital assets.
Be the first to discover exclusive opportunities & alpha
Understand the narratives driving the market
Build conviction with actionable, in-depth research reports
Engage with a community of leading investors & analysts