Former Ripple CTO Stefan Thomas plans to develop a new version of the smart contracts platform Codius, which could have a significant impact on the XRP Ledger (XRPL), according to market commentator Max Avery. Codius, originally introduced in 2014, aims to provide a scalable and flexible framework for hosting decentralized applications (dApps), and if reintroduced successfully, it could enhance XRPL's capabilities by enabling off-chain smart contract processing and a scalable application layer. Codius operates on a peer-to-peer network, allowing decentralized hosting, and its off-chain processing could reduce computational strain on XRPL and maintain its high transaction speeds and low fees. Codius also offers language flexibility, making it accessible to more developers, and interoperability with multiple blockchains and payment networks, aligning with Ripple's vision of an "Internet of Value." The reintroduction of Codius could lead to the growth and adoption of innovative dApps on XRPL, as well as unlock a range of use cases in areas like micropayments and the Internet of Things (IoT).



Other News from Today