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Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project.\u00a0<\/p>\n
In an Oct. 19 blog post<\/a>, Base announced that as of today, developers would be granted full access to the network\u2019s codebase.<\/p>\n One of Base\u2019s core values is building in the open<\/p>\n We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration<\/p>\n In this spirit, we\u2019ve open sourced our smart contract and GitHub reposhttps:\/\/t.co\/UOgGpNXyFL<\/a><\/p>\n \u2014 Base \ufe0f (@BuildOnBase) October 19, 2023<\/a><\/p><\/blockquote>\n \u201cBy sharing our work openly, we enable the community to track our progress and ensure that we’re living up to our commitments.\u201d<\/p><\/blockquote>\n \u201cOpen source is a win-win for our onchain future. Builders get access to a trove of knowledge, improve on what\u2019s already been done, and in turn inspire others in the space,\u201d Base added. <\/p>\n A core part of the decision to open-source its code is the goal of providing developers with increased transparency into the project\u2019s development. Base said all of its smart contracts and scripts are now publicly available<\/a> on GitHub.<\/p>\n This means that developers are now able to assess and experiment with the code responsible for deposits and withdrawals on Base, allowing access to increased tools for developers looking to spin up similar functions. <\/p>\n Open-source development is an integral part of the crypto ethos. By making code public, anyone in the community is able to audit the code, which hypothetically, allows for vulnerabilities and potential exploits to be noticed and patched more quickly than if it were kept in-house.<\/p>\n It\u2019s also worth noting that open-source code also means that nefarious actors could spot vulnerabilities and exploit them before another more noble developer has the opportunity to flag the issue. <\/p>\n In light of this concern, Coinbase has encouraged \u201csecurity-minded\u201d developers to sieve through the layer-2\u2019s code and keep a close eye out for any vulnerabilities, offering<\/a> a bounty of up to $1 million for the discovery of bugs. <\/p>\n Related: <\/em><\/strong>Coinbase selects Ireland as its European crypto hub<\/em><\/strong><\/a><\/p>\n As well as open-sourcing its repositories and smart contracts, Base also open-sourced its web properties, including base.org, docs.base.org, and bridge.base.org.<\/p>\n Base has been one of the most active layer-2 networks in the crypto ecosystem, with a large wave of activity being driven by the rise of Friend.tech<\/a>, a decentralized social finance application built on top of the network. <\/p>\n On Sept. 21, Coinbase legal counsel Paul Grewal raised eyebrows when he told<\/a> Decrypt<\/em> that Coinbase had not \u201cruled out entirely\u201d the idea of issuing a native token for the layer-2 network. <\/p>\n\n