 ▲ XRP (XRP) |
It has been revealed that Codius, a smart contract platform devised a decade ago by Ripple Chief Technology Officer (CTO) David Schwartz, was intended as a key weapon to bring Bitcoin (BTC) and Ethereum (ETH) into the XRP Ledger ecosystem.
According to The Crypto Basic, past records written by Schwartz contain detailed plans to connect the XRP Ledger ecosystem with other major blockchains through Codius. First proposed in 2014, Codius was designed as a decentralized hosting platform for smart contracts, with a core function of enabling Bitcoin and Ethereum to be freely traded and utilized on the XRP Ledger.
CTO Schwartz planned for Codius to go beyond a simple contract execution tool and serve as a bridge breaking down barriers between different blockchains. In particular, he aimed to bring external assets such as Bitcoin and Ethereum onto the XRP Ledger, integrate liquidity, and build an ecosystem in which XRP would act as a bridge currency between these assets to support efficient transactions. This demonstrates that Ripple established a comprehensive interoperability strategy from the outset, not limited to a single asset.
The design philosophy of Codius focused on maintaining high scalability and security while helping developers write smart contracts in familiar programming languages. Through this, Schwartz envisioned the XRP Ledger evolving into a hub not only for financial transactions but also for complex decentralized applications. Although the Codius project experienced ups and downs with periods of suspension and revival, Ripple’s recent renewed strategy to introduce smart contracts traces its roots back to this vision from a decade ago.
Industry experts assess that these records provide important clues to understanding Ripple’s long-term technical roadmap. Schwartz’s vision of integrating Bitcoin and Ethereum into the XRP Ledger aligns with Ripple’s current initiatives, such as developing Ethereum Virtual Machine (EVM)-compatible sidechains. The move for the XRP Ledger to evolve beyond a simple payment network into a hub where diverse assets coexist appears to have been a carefully prepared scenario dating back ten years.
The Ripple ecosystem is inheriting its legacy while preparing for a new leap forward in the smart contract and asset tokenization market. If the vision of building a massive financial network encompassing Bitcoin and Ethereum becomes a reality, the utility of the XRP Ledger is expected to expand to a level incomparable to today. Investors and developers worldwide are closely watching Ripple’s next steps as it continues to enhance its technological sophistication.
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