RE:Arcology (CODE Subsidiary) Launches Testing of Ethereum AppsCODE NEWS TODAY - LAUNCHING ETHEREUM COMPATIBLE PLATFORM
https://web.tmxmoney.com/article.php?newsid=5709917090587705&qm_symbol=CODE:CNX Arcology to Demonstrate Its Advantages with Utilizing One of the Most Successful Games on Ethereum
VANCOUVER, BC / ACCESSWIRE / February 19, 2020 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF), an investment company, is pleased to announce that the Arcology technical team is launching its comprehensive testing of the high profile Ethereum game called CryptoKitties on its own internal testnet.
CryptoKitties is a very well-known game that runs on the Ethereum network, and which has caused serious network congestions because of its transaction volume. Using this example to illustrate Arcology's speed and scalability provides a purposeful comparison and validation of the platform's capabilities.
Multiple blockchain technology projects have endeavoured to solve the scalability issue with different approaches with no demonstrated, major success to date. Arcology has a very unique solution to address that problem, featuring the following capabilities:
- Arcology allows multiple transactions to be processed in parallel
- Transaction processing can scale up linearly based upon number of computers available
- Fully compatible with Ethereum platform
- Popular Ethereum applications like CryptoKitties can work on Arcology smoothly
- Ethereum developers can start to work on Arcology right away
- Minimized migration costs
The purpose of this test is to demonstrate Arcology's technical advantages, scalability and transaction per second speed.
"CryptoKitties was the major event within the whole blockchain industry when the overall challenge of scalability became evident. This Arcology test serves as a showcase, with the goal of demonstrating Arcology's technical superiority. It is an internal test, a prelude for our public benchmarking and demonstration in the near future," said Mr. Laurent Zhang, President of Arcology.
About Codebase Ventures Inc.
Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms, protocols and innovations - not just products. We invest early, support those founders, take their ideas to market and work tirelessly to help them realize their vision.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
George Tsafalas or Ivy Lu
Investor Relations
Telephone: 1 (778) 806-5150
E-mail: IR@codebase.ventures