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

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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.

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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We know what the Institutions are saying, but what are they doing?

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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

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Why Is Coinbase Stalling With XRP?

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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

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Why 2019 Will Be A Big Year For Crypto

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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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