Arcology Releases Sourcecode for Public Review on Github

Rhea-AI Summary

Codebase Ventures (OTCQB: BKLLF) announced the public release of Arcology's source code on Github, marking a significant step in transparency and community engagement. This follows the successful testing of Arcology's Testnet 2.0, which showcased its speed, scale, and stability. Arcology aims to compete with Ethereum in the blockchain ecosystem, promoting decentralized applications for various sectors. The live repository will be regularly updated, revealing the team's commitment to its 2021 roadmap.

Positive

• Public release of Arcology's source code shows commitment to transparency.
• Successful Testnet 2.0 testing indicates strong performance capabilities.
• Arcology aims to outperform Ethereum, enhancing competitive position.

Negative

• None.

Debut of Arcology's Public Code Repository is a Show of Confidence in Team's Work-To-Date and Ongoing Fulfillment of 2021 Roadmap

VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces that the Company's holding, Arcology, a next-generation AI blockchain ecosystem with proven scalability and speed, has published a portion of its source code on Github.

The public release of this code demonstrates the team's confidence and commitment to openness, and broadcasts that they welcome feedback by third-party developers and other experts in the blockchain community.

The news follows January's announcement that Arcology's Testnet 2.0 was successfully tested for speed, scale and stability.

"With trust and transparency so important to the blockchain community, it's critical that Arcology operate fully in the open," says Laurent Zhang, Arcology's founder and president. "That's why this is such an important step. We look forward to creating a community of active developers who will build their applications with us.

Arcology is a revolutionary blockchain system designed to compete with market leader Ethereum and other ecosystems that employ smart contracts to host decentralized apps for finance, gaming and other commercial sectors. Tests-to-date support Mr. Zhang's claims that Arcology will outperform Ethereum, et al, for speed and scale.

In addition to portions of Arcology's sourcecode, the Github repository includes the benchmark suite that was featured in earlier tests.

As a live production repository, Arcology's code will be revised and updated frequently as the team releases new features and further meets the company's 2021 roadmap.

The repository can be reached via Arcology's website, https://arcology.network.

For more information, visit Codebase Venture Inc.'s website, https://www.codebase.ventures/.

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.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Codebase Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/629813/Arcology-Releases-Sourcecode-for-Public-Review-on-Github

FAQ

What is the significance of Arcology's source code release on GitHub?

The release signifies Codebase's commitment to transparency and invites feedback from the blockchain community.

What performance claims does Arcology make against Ethereum?

Arcology claims it can outperform Ethereum in terms of speed and scale for decentralized applications.

When was Arcology's Testnet 2.0 successfully tested?

Arcology's Testnet 2.0 was successfully tested prior to the source code release announcement in January 2021.

What is the stock symbol for Codebase Ventures?

The stock symbol for Codebase Ventures is BKLLF.

How will Arcology's public code repository be maintained?

The repository will be live and updated frequently as new features are released and as part of the 2021 roadmap.