Coinbase's Layer 2 Network has announced that it has opened up its code repositories and smart contracts to increase transparency and accountability while allowing public contributions to the project.
In a blog from October 19 mailBase announced that starting today, developers will have full access to the network's code base.
One of Base's core values โโis to build outdoors
We believe this is critical to building an on-chain ecosystem, creating accountability, and enabling collaboration.
In this spirit, we have open-sourced our smart contract and GitHub repositories.https://t.co/UOgGpNXyFL
โ Base๏ธ (@BuildOnBase) October 19, 2023
"By sharing our work openly, we allow the community to track our progress and ensure we meet our commitments."
โOpen source is a win-win for our on-chain future. โBuilders gain access to a wealth of knowledge, improve what has already been done, and in turn inspire others in the space,โ Base added.
A fundamental part of the decision to open source your code is the goal of providing developers with greater transparency in the development of the project. Base said all its smart contracts and scripts are now public available on GitHub.
This means that developers can now evaluate and experiment with the code responsible for deposits and withdrawals in Base, allowing access to greater tools for developers looking to implement similar features.
Open source development is an integral part of the crypto ethos. By making the code public, any member of the community can audit it, which hypothetically allows vulnerabilities and potential exploits to be detected and patched more quickly than if it were maintained internally.
It's also worth noting that open source code also means that nefarious actors could detect vulnerabilities and exploit them before another, more noble developer has a chance to point out the problem.
In light of this concern, Coinbase has encouraged โsecurity-consciousโ developers to examine layer 2 code and keep an eye out for any vulnerabilities. offering a reward of up to $1 million for bug discovery.
Related: Coinbase chooses Ireland as its European crypto hub
In addition to opening up its repositories and smart contracts, Base also opened up its web properties, 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 huge wave of activity driven by the rise of Friend.techa decentralized social finance application built on the network.
On September 21, Coinbase legal counsel Paul Grewal raised eyebrows when said Decipher that Coinbase had not "completely ruled out" the idea of โโissuing a native token for the Layer 2 network.
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