Myles O’Neil, head of product at Delta, and co-founder Ole Spjeldnæs share their insights into innovative blockchain architectures. They discuss Delta's unique design and leaderless consensus mechanisms, which enhance scalability and decentralization. The duo delves into transaction life cycles, exploring finality and interoperability challenges. They also examine how state diffs optimize efficiency in the settlement process, and reflect on governance dynamics, paralleling them with the U.S. Constitution, highlighting the balance between collaboration and competition in blockchain systems.