The author(s) of this report may personally hold material positions in ETH and CELESTIA. The authors have not purchased or sold any token for which the authors had material non-public information while researching or drafting this report. These statements are made consistent with Delphi’s commitment to transparency and should not be misconstrued as a recommendation to purchase or sell any token or to use any protocol. The content of this report reflects the opinions of its authors and is presented for informational purposes only. This is not and should not be construed to be investment advice.
Our affiliate Delphi Ventures LLC may have investments in assets or protocols identified in this report. Please see Ventures’ website for investment disclosures. These disclosures are solely the responsibility of Delphi Ventures.
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Introduction
Similar to the scalability trilemma, protocols engaging in interoperability can follow a maximum of 2/3 fundamental properties: trustlessness, extensibility, and generalizability.
Traditionally, interoperable protocol layers can be broken down into three types of bridges:
- Natively verified
- Externally verified
- Locally verified
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