Codius: Ripple’s XRP Smart Contract Platform That The Crypto-Verse Needs

The fear is justifiable; after all, the platform will get a lot of support from the Ripple community. This is because Thomas worked there for a long time, and XRP seems to be a “people’s cryptocurrency” so it’s likely this support and popularity will transfer. 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. However, now that Thomas has left the building, Codius is back, launching through a brand new company.

codius stock price

Based on an average trading volume of 249,700 shares, the short-interest ratio is currently 5.8 days. Approximately 2.3% of the shares of the company are sold short. More on the news surrounding Ripple is the existence of its smart contract platform known as Codius. This platform had been discontinued 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.

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High institutional ownership can be a signal of strong market trust in this company. Compass Diversified has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. John is a journalist and writer with a vast crypto and blockchain industry background.

Compass Diversified’s stock was trading at $30.58 at the beginning of 2022. Since then, CODI stock has decreased by 36.1% and is now trading at $19.55. 59.81% of the stock of Compass Diversified is held by institutions.

Ripple (XRP) Has its Smart Contract Functionality Codius Separate and Apart from XRP Ledger

Cryptocurrency Future – What would that actually look like? A cryptocurrency or digital currency is essentially virtual funding managed by sophisticated encryption methods, collectively known as cryptography. Intraday Data provided by FACTSET and subject overall currency strength indicator to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Based on earnings estimates, Compass Diversified will have a dividend payout ratio of 44.84% next year. This indicates that Compass Diversified will be able to sustain or increase its dividend. Compass Diversified has a short interest ratio (“days to cover”) of 5.8. Codius is described as being an open hosting protocol. It makes it very easy to upload a program, whether you want it to run on one host or thousands. That means once a program is uploaded, anyone can pay to keep it running — the author, the users and even the program itself.

One share of CODI stock can currently be purchased for approximately $19.55. The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023. In the past three months, Compass Diversified insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $118,300.00 in company stock and sold $0.00 in company stock. MarketBeat has tracked 7 news articles for Compass Diversified this week, compared to 1 article on an average week. The dividend payout ratio of Compass Diversified is 5,000.00%.

  • Fox Factory Holding Corp.’s initial public offering of roughly 8.57 million shares priced at $15 a share, the high end of the expected price talk.
  • In conclusion, Codius has been a long running project that was revived once Interledger was introduced to the crypto-verse.
  • Dragons in this situation refers to the common bugs found in software during the testing phase.
  • He is the creator of Codius, and during his time at Ripple, he worked as the CTO.
  • Several prominent members of Congress made personal bets on stocks of the companies whose industries they called the shots on, according to a Wall Street Journal report.
  • More on the news surrounding Ripple is the existence of its smart contract platform known as Codius.

He has been passionately writing and creating crypto content since 2017. When not immersed in the complex world of decentralized finance, John is often seen playing a chess game or running a marathon. Yesterday, Ethereum World News reported that the much anticipated SBI Holdings crypto exchange might be launching sometime during the coming summer. The exchange is speculated to have direct XRP/FIAT pairing with the major Asian currencies of the Won and the Yen . These two countries are what many traders consider as Crypo-Giants in the sense that they influence trading and prices of most, it not all cryptocurrencies in the Crypto-Verse.

Second, Codius will change the smart contracts game. XRP is now the third-biggest cryptocurrency in the world by market cap, and much of the credit for its success goes to the San calculated bets Francisco-based Fintech company, Ripple Labs. Many are worried that Codius will become the top choice for the public, ultimately driving out the other platforms in the sector.

Compass Has a Growth Pitch but Investors Are Wary

While there are many working examples, especially on the blockchain platform Ethereum, their technological complexity has kept them out of the mainstream. At the end of his blog poston Codius, former Ripple CTO Stefan Thomas winds up by writing, “Here’s to smart contracts that aren’t terrible! ” Smart contracts have been around for a few years and are synonymous with the Ethereum platform. He says that one of his significant assignments at Ripple was to design its smart contracts system. Real-time analyst ratings, insider transactions, earnings data, and more.

codius stock price

It’s great that we have decentralized currencies like Bitcoin. But right now you have to choose between centralized, user-friendly and decentralized, annoying wallets. But they all require constant maintenance, abandoned projects die.

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Or, perhaps investors aren’t as thrilled about the news as one would have expected. Neither the news of Cryptanite working with Codius, nor the news of the election of Turner did any good to the stock. Fast forward a week, and Cryptanite can be seen plunging on the Canadian Securities Exchange. Not a lot of people know this, which could explain why the Cryptanite Blockchain Technologies Group stock is plunging a week after the partnership was announced.

The agriculture industry presents 6.4% of the globe’s entire economic production, and yet, the sector still deals with complicated ecosystems and financial structures. Most people want to know where, how, and who produces the food … Decentralized finance is one of the fastest-growing sectors of the crypto ecosystem currently with a total locked value of $74.21 billion according to DeFi Pulse. As this sector expands, we are seeing an increase in … 2 employees have rated Compass Diversified Chief Executive Officer Joe Massoud on Joe Massoud has an approval rating of 50% among the company’s employees.

Should You Invest in Bitcoin, Coinbase or Blockchain ETFs?

Bitcoin has almost doubled this year and is up about 700% over the past year. After surging to more than $64,000 ahead of Coinbase’s public listing last week, the digital currency plunged … To do this, however, an open protocol unhampered by the current crop of third-party payment platforms is required.

Each blockchain had its own standards and communication between two different ones was unheard of until the introduction of Interledger not too long ago. Bitcoin is the first peer-to-peer digital currency, also known as cryptocurrency. alpari forex It is famous for its decentralized transactions, meaning that there is no central governing body operating it, such as a central bank. Bitcoin News will help you to get the latest information about what is happening in the market.

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