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Codebase Ventures subsidiary Arcology reaches new transaction speed benchmark

Arcology said that its new goal is to achieve 100,000 transactions per second in the next integration test

blockchain
Network speed was up over 16%, with transaction speeds increasing to just over 46,400 from the previous 40,000 benchmark

Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) announced Thursday that its blockchain subsidiary Arcology has increased its network transaction speed on the new iteration of its platform.

The Vancouver-based Codebase said that network speed was up over 16%, with transaction speeds increasing to just over 46,400 from the previous 40,000 benchmark.

Arcology said that its new goal is to achieve 100,000 transactions per second in the next integration test, which is expected in fall 2019.

READ: Codebase Ventures subsidiary Arcology ushering in Blockchain 3.0 era with proprietary platform

The latest tests were performed on Arcology version 0.2.2, which is the first to be built on a fully evolved microservices architecture, the company told investors.

Microservices allow participating nodes to divide and distribute tasks into individual modules, optimizing performance according to the network’s demands. Participants can maximize rewards for maintaining the distributed ledger by dedicating processing power to network tasks that are in high demand, increasing flexibility and network speed.

Arcology’s president Laurent Zhang said the company is “thrilled” with the latest results as they validate the decision to integrate microservices into the Arcology network architecture.

“Because blockchain’s base code is resistant to change, some critics claim it’s non-agile,” Zhang said in a statement. “Nothing could be further from the truth.”

Zhang said the company is building frameworks that are designed to react rapidly to network demands.

“Blockchains that fail to adapt in this manner will not be able to compete,” he told investors.

“We are continually impressed by Laurent’s team and the quick pace of their development,” said Brian Keane, a Codebase director. “In the next few weeks, we look forward to the publication of the Arcology white paper and even more impressive test results.”

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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