By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons.
First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation that Codius is going to kill Ethereum (ETH).
In this article, we’re going to be dissecting both of those headlines.
Codius is Back! But It’s Not Ripple’s Product Anymore
In May, Stefan Thomas departed from Ripple. He is the creator of Codius, and during his time at Ripple, he worked as the CTO. When Codius was first created four years ago, Ripple had all sorts of plans for the smart contract platform. Then, the project was shelved. However, now that Thomas has left the building, Codius is back, launching through a brand new company.
Thomas’ new company is called Coil.
Codius is back! Read the announcement: https://t.co/g0GJX0Gik6[1]
— Stefan Thomas (@justmoon) June 6, 2018[2]
Codius is Back! But Now People are Worried about Ethereum
Essentially, Codius is a smart contract platform. If you don’t know what smart contracts are, here’s a quick lesson: smart contracts help individuals exchange property, money, or anything that has value in a fast, conflict-free way. Specifically, you can exchange these things without having to go through a third-party.
While there are numerous smart contracts out there, Thomas’s Codius is thought to solve problems typically experienced on the Ethereum (ETH) platform. These problems include things like congestion on the ETH network, scaling, and high fees for transactions.
If it is able to solve these problems, the end result could be
