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Codebase Ventures says investee company, Arcology preparing to release first version of its software development kit

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

CODEBASE VENTURES INC. -
"Releasing this software development kit will be the foundation of an active, engaged developer community," Zhang said

Codebase Ventures Inc. (CSE:CODE) (FRA:C5B) (OTCQB:BKLLF) has said its 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).

An SDK 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.

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

READ: Codebase Ventures completes the final tranche of its non-brokered private placement

"As 2020 comes to a close, we're thrilled to say it has been a very productive year," Zhang said in a statement. "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 Zhang's forecast of a dependable, stable network.

"Releasing this software development kit will be the foundation of an active, engaged developer community," he added.

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.

Codebase currently holds a 30% interest in the private company that is developing Arcology, with an option to increase its interest to 51%. The company seeks out early-stage investments in sectors that have significant upside potential.

Contact the author at jon.hopkins@proactiveinvestors.com

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