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Ripple (XRP) relaunches Smart Contract Codius. Real Ethereum killer?

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Ripple XRP

Ripple is undeniably dominating the cryptocurrency news cycle with announcements of the new partnership, global events, and new products. Their partnership with major financial institutions and banks places them at the leading position of blockchain’s general adoption with traditional corporate giants like Santander, MoneyGram, Standard Chartered, and Western Union utilizing their platform.

Alongside these profitable pursuits, XRP’s recent donation of $50 million to Universities brought a major amount of good publicity to the cryptocurrency industry. Also, their accomplishment towards DonorsChoose.org crowdfunding campaign made it to the famous Stephen Colbert’s late-night show rocking the airwaves.

Despite their successes, Ripple (XRP) team has avoided one blockchain factor since 2015. That blockchain factor is Smart contracts for decentralized applications. Their decision to suspend their original smart contract, Codius, four years ago made sense at the time. The platform did not have a substantial market and lacked standard transactions on the smart contract environment.

Yesterday, former CTO of Ripple, Stefan Thomas, announced the revival of the smart contract platform, Codius, that will be geared towards changing the way sites validate their content.

History of Codius and its Comeback

Smart contracts are creating a lot of buzzes yet many of you have never encountered it in your daily transaction activities. Some say that no valuable real-world merchandise use them, Reason? Many regards it to be too new and too complicated to bother investing time or energy in understanding it.

For a long time, smart contracts have prevailed mostly in writing and thesis despite their inauguration in 2014 to the market. Ethereum’s blockchain has some working examples of this phenomenon, but their technological intricacy holds them back from entering the mainstream, something Stefan Thomas hopes to change. Undoubtedly, if Ripple succeeds in changing that, the crypto will more likely rise as a ‘real’ Ethereum killer.

On Wednesday, Coil corporation, Thomas’s new company, hinted to the media on possessing a product that could make it easy to write and utilize smart contracts at minimum charges.

Thomas describes the product being an operating system for the blockchain naming it Codius.

What is Codius?

Speaking to Fortune, Thomas defined it as,

“Codius is an open source hosting platform available for anyone who wants a secure platform to built or host a smart contract. The same way cloud computing made web hosting more accessible, Codius will make experimentation on the blockchain more widely available because people won’t need to build from scratch.”

The cryptocurrency market now is much different. The market size has grown exponentially for smart contracts which are now a regular attribute of many blockchain platforms. Also, the smart contract is emerging to be an appealing add-on for traditional businesses engaging in blockchain technology.

If Ripple manages to create an easy to use and flawless smart contract platform, they could grow their returns even beyond their already admirable array.

The idea of reviving the platform was floated as early as August 2017 by Ripple’s CTO, Stefan Thomas, but due to the shaky market trends that were faced in the last half of 2017 and early 2018 proved to be difficult to actualize. Now that the market has started to stabilize and normalcy is back, it will make a lot of logical sense for Ripple to consider looking into new product lines.

Consequently, it looks like Codius and Ripple are interdependent. Codius uses Ripple’s interledger as its payment mechanism, which promises to offer Ripple higher returns if the new smart contract gains momentum.

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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.

Image courtesy of Pxhere.com

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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