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Ripple’s Previous CTO Introduces a New Way for Website Owners to Make a Profit

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Ripple

Stefan Tomas, Ripple’s previous CTO, has just announced his intention to relaunch a smart contract platform called Codius. The goal of the relaunch is to change the method of content monetization on various websites.

Relaunch of the dormant project

Back in 2014, Ripple has attempted to launch a smart contract platform called Codius. The platform reached its beta version, but that is where the project got stuck – until now.

In May 2018, Ripple’s CTO Stefan Thomas decided to depart from the company and to start a new one called Coil. Coil’s goal is to try and change the way that various websites are using for making a profit off of their content. To do this, the company will be largely supported by a relaunched version of the Codius platform.

He announced the launch of this project on Medium, and at the same time, he introduced the service to its potential future users. The service is described as ‘frictionless’ micropayment service, and it works on the open-source distributed ledger tech provided by Ripple (XRP) itself. The technology is called Interledger and is one of the bigger products made by Ripple. It serves as a method of bypassing the existing profit-making methods like paywalls, ads, or the sale of users’ private data, and so far, it was used by the banks for sending their protocols to each other.

Achieving profits through micropayments

In truth, the use of micropayments is not at all a new concept. However, with proper modifications and good planning, it might be just the refreshment that the website owners needed.

According to Thomas, Codius will allow for easy creation of smart contracts, and in pretty much any programming language. Not only that, but it will also reduce the costs of orders, which will be several times cheaper than what Ethereum has to offer. Entry barriers will also be significantly reduced, which will allow the possibility of creating dApps.

Thomas claims that his greatest ambition is to find a way to allow cryptos to move ‘as frictionlessly as information’. This has been the case ever since he originally joined Ripple in 2012, and is something that he has now brought along to Coil. He claims that the technology created at Ripple, mainly Interledger and XRP itself, allow for trillions of transactions per every single second, while the whole process remains decentralized.

The possible applications can truly be endless, and some of them include the use of revenue disbursement contract. Basically, the websites would be capable of claiming revenue while their users are simply watching a movie. Little by little, the involved parties would be paid small amounts. This can also be applied to various news outlets, which can use the process for managing their readers’ preferences, subscriptions, and alike.

Coil has only been around for a short while, but it still managed to attract the attention of several high-profile developers who are interested in joining the project. Many have already stated that what Codius does might be the perfect solution to scalability and cost issues that Ethereum has been struggling with.

Another interesting thing is that this might even help boost the price of XRP since Interledger was developed on Ripple’s own platform. Still, Codius has a lot of strong competition, and only time can tell how well it is going to perform, and whether it will manage to find and keep its place in the world.

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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

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

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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