📜 Records Show David Schwartz Planned Codius to Bridge BTC & ETH to XRPL
Eight years ago, David Schwartz revealed that the XRP Ledger DEX could already support issued assets directly on-chain — allowing users to hold, pay, and trade them seamlessly.
But there was a catch 👇
⚠️ Gateways holding real BTC or ETH create counterparty risk.
⚠️ Multiple issuers = fragmented liquidity.
To solve this, Schwartz proposed Codius — a decentralized smart contract platform designed to act as a trustless counterparty, removing reliance on human-managed gateways.
However, Ripple paused Codius in June 2015, with Stefan Thomas citing a small market and no universal web payment standard.
Fast forward to 2025 🚀
Ripple launched an EVM-compatible sidechain and boosted interoperability via Axelar and Wormhole.
Is this the long-awaited evolution of that original vision ? 👀
#xrp #XRPL #Crypto #DeFi #Blockchain $XRP $BTC $ETH
