HomeBlockchainDelphi Labs and Astroport Foundation have created the Asteroid protocol so people...

Delphi Labs and Astroport Foundation have created the Asteroid protocol so people can sign up on Cosmos Hub.

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Research company Delphi Labs and Astroport Foundation have made a new platform called Asteroid for the Cosmos Hub network.

Inscriptions are a new way to put information onto blockchains that don’t have smart contracts built in.

A group of people who study asteroids made a new type of digital money called CFT-20 token, also known as Asteroids (ROIDS), and showed it to the public on Tuesday as an example. The token, which has 100 million in total, was quickly bought by users within a few hours. Each ROIDS token is selling for $0. 0045, making its market value $4. 5

Delphi Labs says that writing on asteroids in outer space could be used for lots of different things, not just making tokens, like storing information. It also gives a way for new apps to be made using a special kind of framework.

“Many people don’t realize that Asteroid is actually meant to be a flexible framework for meta protocols,” explained Luke Saunders, CTO of Delphi Labs. “Pictures and symbols are only the beginning of what can be done, but there are many other things that can be done. ”

Delphi Labs supports three projects: Asteroid, Astroport, and Mars Protocol, all part of the Cosmos ecosystem.

Inscriptions were started in early 2023 with the Ordinal protocol. This lets users write data, like NFTs and pictures, onto separate parts of the Bitcoin blockchain called satoshis.

During the last part of 2023, a lot more people started using Ethereum Virtual Machine (EVM) with chains like BNB Smart Chain, Polygon, Arbitrum, Avalanche, and Fantom.

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