ARCOLOGY UPDATES ROADMAP BUILDING ON TESTNET 1.0 RESULTS

December 02, 2020 12:01 AM

Achievements with Scalability and Compatibility Pave Way for Next Phase of Advancement

VANCOUVER, BC, CANADA (December 2nd, 2020) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) is excited to announce that the Company’s holding, Arcology, a cluster-computing powered AI blockchain ecosystem with unlimited scalability, has updated its working roadmap in response to its Testnet 1.0 results.

“Building on Arcology Testnet 1.0, where we demonstrated compatibility with Ethereum, achieved our internal scalability targets and improved the user experience, we have updated our working roadmap to advance the technology,” says Arcology Founder and CEO, Mr. Laurent Zhang.

Arcology Working Roadmap Sequence:

  • Current phase – address results from Testnet 1.0, refine technical components to improve performance data
  • Conduct Testnet 2.0 – focus on stability, user experience and verification
  • Potential coin offering
  • Conduct Full Scale Testnet
  • Release Mainnet

Arcology’s development is now focused on Testnet 2.0, which the company anticipates will be completed within 10-12 weeks. “This is an exciting and crucial time in Arcology’s development, having demonstrated scalability we will be stress testing, striving to improve the user experience and preparing for third party testing and verification, and further assessing potential revenue models for Arcology Network (public blockchain) and Arcology Enterprise (private blockchain) for the long-term,” said Mr. Zhang.

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

About Codebase Ventures Inc.

Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We support those innovators and help take their ideas to market.

For further information, please contact:

George Tsafalas - Ivy Lu

Investor Relations

Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150

E-mail: IR@codebase.ventures

 

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.

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