New Horizons for XRPL: Codius Revival Set to Transform Smart Contracts
Key Takeaways:
- Codius aims to supercharge XRPLs scalability and versatility by enabling off-chain smart contracts.
- XRP Ledgers ecosystem benefits from interoperability with other blockchains.
- Language flexibility in Codius expands developer engagement across industries.
In a promising development for the XRP Ledger ecosystem, former Ripple CTO Stefan Thomas recently announced that hes working on a new version of Codius, an open-source smart contract hosting platform.
First proposed back in 2014, Codius was intended to run decentralized applications, or dApps, with a more scalable and flexible model for executing contracts compared to traditional blockchain implementations.
The new version comes with the promise of solving major limitations in the blockchain world, with great potential for Ripples XRPL, mainly where there are high-speed and complicated transactions.
Off-Chain Contract Processing for XRPL
One of the major features of Codius is that it offers the capability for off-chain contract processing, which would reduce the operational load on the XRP Ledger without sacrificing transaction speed.
The architecture enables the distribution of the load for computational tasks among many hosts; it creates a peer-to-peer network that can run a plethora of applications without slowing down the XRPL.
This will ensure scalability and a way to handle even complex smart contract logic for the ecosystem without overloading the XRP network.
Codius also introduces built-in billing for the operations of a contract whereby programs will be able to pay their way independently. This adds up to a more sustainable revenue model for hosting providers.
Features like these let even more sophisticated dApps run on top of XRP, further extending its functionality beyond microtransactions into broader applications across different industries while maintaining the XRPLs high TPS metrics.
Cross-Chain Connectivity and Developer Flexibility
Unique to Codius is a blockchain-agnostic design: it would run on a multitude of different blockchain networks. This makes it an extremely popular tool for developers seeking to build decentralized applications that are able to communicate across several different blockchain networks and implement traditional payment systems.
This really falls in line with Ripples greater vision of the Internet of Value. Smart contracts can also be written in common programming languages, such as Java and C++. This allows more developer talent to contribute and get further hooked on the XRPL ecosystem.
As Codius reinforces the interoperability between chains, this positions the XRP Ledger as an essential intermediary in both cross-chain and cross-industry transactions, placing XRP at an important juncture in the internet economy.
This interoperability could trigger a higher flow in the transactions on the XRP Ledger and further attract a larger number of developers.
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Read more: https://www.tronweekly.com/new-horizons-for-xrpl-codius-revival/
Text source: TronWeekly
