Crypto analyst Max Averay posted a viral thread on X about something interesting going on related to XRP ledger.
Stefan Thomas, who previously served as Ripple’s Chief Technology Officer, is breathing new life into Codius, a platform he originally spearheaded. This revival could address one of XRPL’s most notable limitations: its lack of native smart contract functionality.
Codius takes an innovative approach by running smart contracts on distributed servers rather than directly on the blockchain. This can potentially mean better scalability for the network.
Breaking Down the Technical Innovation
What sets Codius apart is its practical approach to blockchain development. Unlike traditional smart contract platforms that require specialized programming languages, Codius supports widely-used languages such as Java and C++. This flexibility could make it more accessible to mainstream developers who might otherwise be hesitant to dive into blockchain development.
The platform’s built-in billing feature allows smart contracts to self-fund their operations, while its off-chain execution model helps maintain XRPL’s renowned transaction speeds. Perhaps most importantly, Codius isn’t limited to just the XRP Ledger – it’s designed to interact seamlessly with multiple blockchain networks, potentially positioning XRP as a bridge between different digital asset ecosystems.
The history of Codius actually dates back to 2014, with early discussions involving Ethereum’s founder Vitalik Buterin. This historical connection suggests that Codius was conceived with a practical approach to smart contracts in mind, focusing on real-world implementation rather than purely theoretical possibilities.
Read also: XRP Price on the Verge of Explosive Rally: Could $5.85 Be Next?
By moving computational tasks off the main ledger, Codius could help the XRPL maintain its high transaction throughput while supporting more complex applications. This approach might prove especially valuable for use cases requiring frequent, low-cost transactions, such as content monetization or Internet of Things applications.’
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