The OpenZeppelin Defender smart contract security platform has now been integrated with Coinbase's Base network, allowing Web3 application developers on Base to automate security tasks.
According to an April 19 announcement from blockchain cybersecurity firm OpenZeppelin, application developers on Base can now use Defender software to create multi-signature management contracts and time locks, employ repeaters to store keys, and sign transactions. along with creating automated "sentinels" to monitor the blockchain and react when events occur.
These tools can be used for routine but sensitive administrative tasks, such as updating contracts, adjusting numerical parameters, or pausing a contract in an emergency, according to the program's documentation.
The Defender app was available on Ethereum and most other networks in the past, but since it wasn't integrated with Base, developers couldn't use it on the new testnet until now.
OpenZeppelin CTO Jonathan Alexander stated in the announcement that the integration will make smart contracts "more secure and expansive," while Base lead Jesse Pollak expressed his enthusiasm for the team, saying that "the security is key to a thriving on-chain ecosystem."
Related: Unchained raises $60 million to offer collaborative Bitcoin custody services
coin base announced the launch from the Base test network on February 23. It plans to produce a mainnet version as a layer 2 of Ethereum once testing is complete.
Some Ethereum users have speculated that Coinbase wants to help bring in institutional investors to Web3 through the new network, since Mass Finance function identity verification tools.
OpenZeppelin is best known for its library of open source smart contracts that are often modified and used by developers for their own purposes throughout the Ethereum ecosystem.
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