- Ex-Ripple CTO Stefan Thomas says he’s engaged on a brand new model of Codius, the sensible contract internet hosting protocol that enables extra versatility and adaptability.
- One knowledgeable says this can be a massive deal for the XRP Ledger because it permits off-chain sensible contract execution and cross-ledger compatibility.
Stefan Thomas, Ripple’s first Chief Expertise Officer (CTO), is creating a brand new model of Codius, the sensible contract protocol he developed a decade in the past. This might open up new alternatives for the XRP Ledger.
At this time, sensible contracts are widespread and simpler than ever to jot down and deploy. Nevertheless, this wasn’t all the time the case. Again within the early 2010s, these contracts had been nonetheless of their early levels and fairly inflexible. Thomas, who was the CTO of Ripple on the time, got down to change this, and Codius was born.
Whereas it initially launched as a Ripple challenge, Codius quickly gained a lifetime of its personal. Basically, it presents a extra versatile and versatile strategy to deploying sensible contracts, which permits them to run on any blockchain, dApp or server. These contracts may also work together with a number of different ledgers and blockchains, in addition to the one on which they’re deployed.
Codius died years in the past, however Thomas—now the CEO of Coil—just lately revealed that he’s engaged on reviving it.
@Coil is creating a brand new model of @codiusproject. https://t.co/GtHSoBh3jR pic.twitter.com/8vdoyERC97
— Ian🏴☠️ (@xrplov3) October 24, 2024
Good contracts have advanced for the reason that days of Codius, and most of the options the workforce was engaged on in 2014 can now be present in current blockchain networks. Nevertheless, Codius retains some key tech that one knowledgeable believes could possibly be very important to the XRP Ledger at present.
Stefan Thomas, former @Ripple CTO, introduced he is engaged on a brand new model of #Codius – That is large for the #XRP Ledger ecosystem. This is why it is a massive deal: 1/12 🧵
— Max Avery (@realMaxAvery) October 27, 2024
May Codius Speed up XRP Ledger Adoption?
In a thread on X, famend author and entrepreneur Max Avery revealed that Codius’s distinctive options embody decentralised internet hosting, which creates a peer-to-peer community for providers, built-in billing, which permits applications to pay for his or her operations and language flexibility, which permits builders to make use of the language they’re most proficient in.
However why does this matter for the XRP Ledger? Nicely, in keeping with Avery, integrating Codius’ know-how would introduce off-chain sensible contract execution, which would scale back the load on the XRP Ledger and permit it to proceed processing transactions at excessive pace.
Codius additionally comes with cross-ledger compatibility, which might enable dApps on the XRP Ledger to work together with these from a number of different blockchains.
“Codius’s blockchain-agnostic strategy enhances versatility, enabling complicated decentralized functions and cross-chain operations,” he famous.
Different advantages would come with versatile sensible contracts and a scalable utility layer that distributes the computation load.
He added:
“Codius enhances the XRP Ledger ecosystem by offering off-chain sensible contract execution, preserving and doubtlessly growing XRP’s TPS, and opening up new use instances via interoperability. It’s a big step ahead for the XRP Ledger.”
XRP trades at $0.524, gaining 2% previously day.
Really helpful for you:
