Coinbase’s Base L2 Network Becomes Open Source
To promote transparency and collaboration within the on-chain ecosystem, Base, a Layer 2 network backed by Coinbase, has made its smart contracts and repositories available on open source platform GitHub.
“Creating in the open” is a core value for Base, as the team believes it is essential for building a strong on-chain ecosystem and fostering accountability and collaboration.
The team states that their solution will increase transparency for projects using the network, allowing for easier development, deployment, and updates of contracts.
Base also revealed that they had previously shared key management methods with the Optimism Foundation team, to further prevent mistakes and detect any malicious activity.
The team stressed the benefits of open source, allowing developers to access and improve existing code, and inspiring others to do the same.
However, some security risks come with open sourcing code, as it allows attackers to analyze it for potential vulnerabilities.
Therefore, the project urges developers and users to report any security issues through Coinbase’s HackerOne bounty program, with a reward of up to $1 million depending on the severity of the vulnerability.
