Codebase Ventures Inc (OTCMKTS:BKLLF) Explodes Following Breakthrough toward Coin Offering

Codebase Ventures Inc (OTCMKTS: BKLLF) was a big mover, rallying by more than 150% after announcing a major milestone towards a potential coin offering. The company’s holding Arcology is exploring the potential coin offering following positive results in Testnet.

Arcology Network

The positive Testnet result represents the first step towards verifying Arcology’s design. For starters, it’s been found that the Arcology network works as expected under a high workload. Trial results have also shown that as bitcoin and Etherium prices increase, Arcology also demonstrated compatibility with Ethereum.

In addition, performance achievement of the internal transaction per second went beyond Etherium capabilities. The trials also confirmed the scalability required to drive mainstream adoption.

As it stands Arcology ecosystem is being designed to be a blockchain infrastructure for web 3.0 applications. The platform is being focused on the overall importance and significance of the blockchain. The blockchain-powered platform seeks to address the two major problems of scalability and cost that continue to cripple other platforms.

Arcology is especially being configured to take on Ethereum, which is facing serious performance issues due to scalability. High costs have also limited its use, conversely affecting mass adoption. Likewise, Codebase Ventures Arcology is blockchain APPs as Apple store is to smartphone Apps.

Arcology for Apps Development

The long term plan is to have Arcology operate as an open platform for building real applications. Developers should be able to build APPs on the Arcology platform and profit from people using them. Codebase Ventures is currently working on a second Testnet designed to be more user-friendly and incorporating more data centers.

According to Codebase Ventures, a coin offering is a natural step to add to the Arcology roadmap based on the success of the first Testnet. Arcology coins are to act as the native currency of the Arcology network. The coins will facilitate all the transactions taking place on the platform.

Users will also use the coins to pay for transaction fees for using the platform. Likewise, Arcology coins would enable holders to participate in the platform governance.