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Ripple Introduces Codius – A New Platform for Smart Contracts for the XRP Blockchain

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Ripple
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Developers at Ripple (XRP) are planning to release a new platform for smart contracts named Codius. When launched, it will grant XRP the similar functionality as the one that Ethereum can offer. Ripple users will be able to lock into these smart contracts which will be blockchain-secured.

What is there to know about Codius

Codius is a new platform for smart contracts that is currently still in development by the Ripple (XRP) team. It was mentioned in various headlines since the end of the last year when Ripple announced the development of the project. Even so, the name Codius was first mentioned in 2014, but the project was canceled by June of the following year. According to Ripple, the project was canceled because the market was not yet ready for smart contracts.

The project was re-launched in November 2017, and it has been in development since.

Ripple’s tagline for the project says “Where smart programs live”. It is supposed to be an open hosting protocol, and its design will allow the creation of a system that will support smart contract and add them to Ripple’s ecosystem.

The whitepaper from 2014 explains the platform in detail, and it was published by Ripple Labs chief technology officer Stefan Thomas, as well as Evan Schwartz.

The whitepaper describes Codius as a way to make the process of decentralization much easier. They also wish to improve the Ripple network’s capabilities, so that it would become the best-decentralized solution for the ecosystem involving financial institutions like banks or big enterprises.

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The details about the project’s current status are not known for now. There is no launch date, and Ripple seems to be keeping very quiet about its advancement. As far as we know now, the platform could be launched this summer, or it could be a complete backburner, there is simply no way of telling.

How will Codius add smart contracts?

According to what is currently known, the latest version of this platform is still being developed. However, once it goes live, it should be able to offer several features.

Those will include multiple things like speed, for example. Codius is expected to be as fast as native Ripple, according to the known information. Next, it is also expected to have extreme security, with its sandboxing being called the state of the art. Rogue smart contracts won’t be able to target any of the network’s critical components thanks to the fact that applications will be completely isolated from each other, as well as from the host.

Another feature will involve JavaScript so that learning programming languages won’t be necessary in order for one to use Codius. It will also offer the use of the micropayments system that will be already built-in so that the applications can pay each other with ease.

Its design will even be integrated for enterprise and banking roles, which will make Codius one of the crucial components for the financial network of Ripple.

Finally, it will also be able to connect to pretty much anything that has an internet connection.

When will it go live

This is a project shrouded in mystery, and not much is known about it, even after all this time. It was announced 4 years ago but canceled 3 years ago, Last year, it was brought back, but it isn’t clear what is going on with its development as of May 2018.

Whatever is going on, everyone who is waiting for this project’s release date will simply have to be patient and wait for some news from Ripple.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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