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Coinbase-supported Base Layer 2 network has open-sourced its code repositories, aiming to enhance transparency and encourage public contributions.
The <a href="https://crypto.news/what-is-base-unpacking-coinbases-new-layer-2-network-and-its-impact/" data-type="link" data-id="https://crypto.news/what-is-base-unpacking-coinbases-new-layer-2-network-and-its-impact/" rel="noopener noreferrer nofollow">Base</a> Layer 2 network, incubated by Coinbase, recently open-sourced its code repositories. This step is designed to promote transparency and enable public contributions to the project. Developers can now access Base’s core code, facilitating various processes from contracts to deployments.
Base’s decision to open its work aims to involve the wider developer community. The organization believes that by <a href="https://github.com/base-org/contracts" data-type="link" data-id="https://github.com/base-org/contracts" target="_blank" rel="noopener noreferrer nofollow">sharing their code</a>, they can stimulate collaboration and utilize collective expertise to enhance their existing infrastructure. Furthermore, opening their code can provide a platform for feedback, potentially leading to the identification of areas for improvement or unnoticed bugs.
An important context is Base’s <a href="https://crypto.news/optimism-flies-higher-as-coinbase-leverages-its-tech/" data-type="link" data-id="https://crypto.news/optimism-flies-higher-as-coinbase-leverages-its-tech/" rel="noopener noreferrer nofollow">collaboration with Optimism</a> on the Ethereum-based OP Stack. Anika Raghuvanshi, a Senior Software Engineer at Base, emphasized the company’s continued advocacy for open-source projects, suggesting that it complements their vision of a decentralized and inclusive technology platform.
The act of open-sourcing, especially in the crypto realm, is multifaceted. By publicly revealing its smart contract repositories on platforms such as <a href="https://github.com/" data-type="link" data-id="https://github.com/" target="_blank" rel="noopener noreferrer nofollow">GitHub</a>, Base offers an insight into their on-chain operations.
This could facilitate faster community-based audits, which might result in more immediate vulnerability rectifications. However, critics argue that such transparency might inadvertently expose the system to malicious actors, as they too can spot and exploit vulnerabilities.
You might also like: <a href="https://crypto.news/first-tokenized-security-launched-on-coinbases-base-protocol/" rel="noopener noreferrer nofollow"> First tokenized security launched on Coinbase’s Base protocol </a>
To incentivize developers to scrutinize their codebase, Base has announced a bounty, offering up to $1 million for discovering bugs through the <a href="https://hackerone.com/coinbase" data-type="link" data-id="https://hackerone.com/coinbase" target="_blank" rel="noopener noreferrer nofollow">Coinbase HackerOne</a> program.
In addition to its smart contracts, Base has also made its web assets, like <a href="https://base.org/" data-type="link" data-id="https://base.org/" target="_blank" rel="noopener noreferrer nofollow">base.org</a>, open to the public, aiming to foster developer engagement and contributions.
Previously, Base’s association with the Superchain project hinted at its aspirations for decentralization, a significant theme in the blockchain world. While they have expressed intentions of transitioning to a fully decentralized network model in the future, specifics regarding this shift remain unclear.
In her statement, Raghuvanshi emphasized the importance of decentralization for Base and Ethereum’s (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) scalability. However, achieving high degrees of decentralization in Layer 2 solutions is a complex endeavor, demanding time and collaboration.
Read more: <a href="https://crypto.news/coinbases-base-mainnet-launches-to-public/" rel="noopener noreferrer nofollow"> Coinbase’s Base mainnet launches to public </a>

Coinbase’s Base becomes open source for transparency

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