– Coinbase layer-2 network Base has open-sourced its code repositories and smart contracts for increased transparency and accountability.
– Developers now have full access to the network’s codebase.
– Base believes that open-source development is foundational for building an onchain ecosystem, ensuring accountability, and enabling collaboration.
– All of Base’s smart contracts and scripts are now publicly available on GitHub.
– Open-source development allows for community audit and the quick identification and patching of vulnerabilities.
– Coinbase encourages security-minded developers to review the code and offers a bug bounty of up to $1 million.
– Base has also open-sourced its web properties including base.org, docs.base.org, and bridge.base.org.
– Base has been one of the most active layer-2 networks, with a rise in activity driven by the Friend.tech decentralized social finance application.
– Coinbase has not ruled out the possibility of issuing a native token for the layer-2 network.
![Base network’s code and smart contract repository.](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/5a0bf060-d876-49cf-bb35-e8b3614eb8fd.jpg)
“By sharing our work openly, we enable the community to track our progress and ensure that we’re living up to our commitments.” – Base
Open-sourcing the code provides developers with increased transparency and access to tools for building similar functions. However, it is important to be vigilant against potential vulnerabilities and exploits.
Coinbase offers a bug bounty for the discovery of bugs in the code.
Base’s web properties have also been open-sourced.
Base has seen significant activity with the rise of the Friend.tech application.
Coinbase is considering the possibility of issuing a native token for the layer-2 network.