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Ripple’s development team is preparing to introduce a smart contract system called Codius. That system will give Ripple (XRP) Ethereum-like functionality, allowing users to lock into smart contracts secured by the Ripple blockchain
This is a re-emergence of a program established by Ripple which in turn phased out in 2015 due to the presence of a small market back then and the lack of a standard for payments on the smart contract eco-system. Each blockchain had its own standards and communication between two different ones was unheard of until the introduction of Interledger not too long ago.
Ripple’s tagline for the project says “Where smart programs live”. It is supposed to be an open hosting protocol, and its design will allow the creation of a system that will support smart contract and add them to Ripple’s ecosystem.
Although the platform is in the Beta pha...
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