Ripple (XRP) Goes After Derivatives Market With Codius To Increase in Market Valuation
Codius, Ripple (XRP) smart contract platform, has been revived as ripple is going after the derivatives market with Codius to create a marketplace for XRP derivatives.
Derivatives market size: $1.2 quadrillion. If XRP is used to settle contracts the value of XRP should see a dramatic increase in valuation.
An XRP derivatives market enables both hedging and speculative positioning in ripple (XRP). It also contributes to price discovery and market efficiency in ripple (XRP).
Codius system will give Ripple (XRP) Ethereum-like functionality, allowing users to lock into smart contracts secured by the Ripple blockchain.
— C3|Nik (@C3_Nik) 1 May 2018
This unique system allows the creation of a variety of sophisticated systems using blockchain technology capable of handling complex transactions and contracts while maintaining decentralized anonymity and freedom.
Codius is a mysterious project. The project was first announced in 2014, then scrapped in 2015 ripple had canceled the project, citing a “small and nascent decentralization market” as being too immature to handle Ripple’s smart contracts.
Then, in November 2017, there was a flurry of online activity about Ripple and their Codius initiative.
Ripple (XRP) price recently traded higher and broke the $0.8380 resistance against the US Dollar. XRP/USD is struggling to move above $0.854536 in the last 24 hours.
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