December 30, 2020

Arcology Announces February Release Date for First Software Development Kit

VANCOUVER, BC / ACCESSWIRE / December 30, 2020 / Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is proud to announce that the Company’s investee company, Arcology, a cluster-computing powered AI blockchain ecosystem with unlimited scalability, is preparing to release the first version of its software development kit (“SDK”).

During an executive call last week, Arcology Founder and CEO Laurent Zhang informed the Board that his team is planning to release their SDK before the end of February, 2021.

A software development kit is a collection of tools designed to help engineers and software developers access a specific platform, application or operating system. Arcology’s SDK will help outside developers move their Ethereum applications over to Arcology, where they are expected to see improved performance in speed and scale.

“As 2020 comes to a close, we’re thrilled to say it has been a very productive year,” says Mr. Zhang. “On December 2nd, we announced the successful completion of Arcology Testnet 1.0. Our next step toward public release is onboarding software developers who can confirm our performance estimates against the market leader, Ethereum.”

In the past month, Arcology’s network achieved very high results, with 33,602 transactions per second (TPS) running complex smart contracts on a cluster of commodity computers. The network has withstood a very high workload for a prolonged period of time, confirming Mr. Zhang’s forecast of a dependable, stable network.

“Releasing this software development kit will be the foundation of an active, engaged developer community,” says Mr. Zhang.

Arcology’s working roadmap has been updated to include the release of the SDK.

Arcology Working Roadmap Sequence:

  • Current Phase: addressing results from Testnet 1.0, refining technical components to improve performance data
  • Release Software Development Kit
  • Conduct Testnet 2.0 – focus on stability, user experience and verification
  • Potential Coin Offering
  • Conduct Full Scale Testnet
  • Release Mainnet

Arcology’s landscape consists of two independent and standalone platforms named Arcology Network (public) and Arcology Enterprise (private), which based on the same technology core. Arcology Network is a permission-less platform like Bitcoin or Ethereum, while Arcology Enterprise is targeting enterprise users requiring specific privacy features.

Code currently holds a 30% interest in the private company that is developing Arcology, with an option to increase its interest to 51%.

For more information on Arcology, please visit the website at https://arcology.network/

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