Coinbase’s layer 2 network Base announced that it has open sourced its code repository and smart contracts to increase transparency and accountability while allowing the public to contribute to the project.
In a blog post on October 19th postalBase has announced that starting today, developers will be granted full access to the network’s code base.
One of Base’s core values is open construction
We believe this is the foundation for building an on-chain ecosystem, establishing accountability and enabling collaboration.
In this spirit, we have open sourced our smart contracts and GitHub repositoryhttps://t.co/UOgGpNXyFL
— Base️ (@BuildOnBase) October 19, 2023
“By sharing our work publicly, we enable the community to track our progress and ensure we are delivering on our commitments.”
“Open source is a win-win for our on-chain future. Builders can gain access to a wealth of knowledge, improve upon work that has already been done, and in turn inspire others in the field,” Base added.
A core part of the decision to open source its code was to provide developers with greater transparency into project development. Base says all of its smart contracts and scripts are now public usable on GitHub.
This means developers will now be able to evaluate and experiment with the code responsible for deposits and withdrawals on Base, providing more tools for developers looking to launch similar functionality.
Open source development is an integral part of the crypto ethos. By making the code public, anyone in the community can review it, which theoretically allows bugs and potential vulnerabilities to be discovered and patched faster than if they were kept in-house.
It’s also worth noting that open source code also means nefarious actors can find vulnerabilities and exploit them before another, more noble developer has a chance to flag the issue.
In light of this concern, Coinbase encourages “security-conscious” developers to scrutinize layer 2 code and pay close attention to any vulnerabilities. dedication There is a bounty of up to $1 million for bugs found.
related: Coinbase selects Ireland as its European crypto hub
In addition to open-sourcing its repository and smart contracts, Base has also open-sourced its network assets, including base.org, docs.base.org, and bridge.base.org.
Base has been one of the most active layer 2 networks in the crypto ecosystem, with a flurry of activity driven by the rise of Friend.tech, a decentralized social finance application built on top of the network.
On September 21, Coinbase legal counsel Paul Grewal Tell Decrypt Coinbase has not “completely ruled out” the idea of issuing native tokens for layer 2 networks.
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