Ripple Engineer Reveals Why Codius Project Failed Years Ago
A former Ripple senior engineer, Steven Zeiler, has reignited a long-forgotten discussion in the XRP community by explaining why the once-promising Codius project quietly faded from view years ago. Zeiler argued that the project lacked a token, and without one, it failed to gain traction. His claim drew sharp debate from validators and caught the […]
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Ripple Labs, maintainer of the digital currency Ripple, has announced it will not continue the development of its smart contract project nearly a year after it was announced, saying the "small and nascent decentralization market" is too immature. In a blog post, Ripple Labs CTO Stefan Thomas wrote that the company, which recently raised a $28 million funding round, has no plans to work on Codius, a platform that allows people to build distributed applications, and will instead build its own decentralized apps "manually." He cited a lack of demand as the biggest reason why the project was....
The XRP community may have reason to be excited, as a Ripple Engineer announces that the ecosystem could soon undergo a transformative development. J. Ayo Akinyele, Head of Engineering at RippleX, has shared insights into the next evolution of XRP, suggesting that the crypto network might explore native staking. While the details of the new […]
San Francisco-based Ripple Labs, a startup focused on building payment and digital asset networks, has unveiled a comprehensive plan for the development of a new smart contract system. Called Codius, the proposed system will be programming language agnostic and work with existing monetary and contractual systems. There are a few cryptographic projects currently seeking to build smart contract solutions, but Codius is perhaps the framework that many in the cryptocurrency space have been seeking to leverage to build asset structures. Stefan Thomas, chief technology officer at Ripple Labs,....
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen of Ukraine, for attempting to mask digital evidence through the use of bitcoin mixers and the illegal use of accounts and passwords of fellow employees to aid this scheme. Sophisticated case According to court records, Kvashuk, a citizen of Ukraine, had been convicted in February 2020 on several....
Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal's Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B funding round. According to their analysis, the deal would give Ripple Labs (RL) a post-money valuation of $100 million. This valuation stands in contrast to the apparent market valuation of XRP, the token which fuels the Ripple protocol. The company's primary value comes....