Coinbase-backed Base L2 network has opened the source code of its smart contracts and repositories on GitHub.
One of Base’s core values is building in the open
We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration
In this spirit, we’ve open sourced our smart contract and GitHub reposhttps://t.co/UOgGpNXyFL
— Base ?️ (@BuildOnBase) October 19, 2023
«One of Base’s core values is building in the open. We believe this is foundational to building an onchain ecosystem, ensuring accountability and collaboration», — the team said.
According to the statement, the move will provide projects with ‘increased transparency in the process of developing, deploying, and updating contracts’ on the network.
Base noted that it had previously disclosed key-management methods together with the Optimism Foundation. This is intended to reduce the likelihood of errors and facilitate detection of malicious activity.
«Open source is a win-win: developers gain access to knowledge, can improve what has already been done, and, in turn, inspire others», — the team stressed.
Public access to the codebase allows attackers to study it in search of potential attack vectors. Therefore the project urged developers and users to report discovered security issues under Coinbase’s HackerOne bug-bounty program. Rewards for reports can reach up to $1 million depending on the severity of the vulnerability.
«We are grateful to all the builders whose contributions help us grow and protect the ecosystem», — the team said.
The exchange launched the program in 2014. As of writing, 722 submissions have been received under it. The average payout across 22 evaluated reports was $200, the lowest risk among reported bugs.
The public launch of Base occurred in early August. Developers gained the ability to use the protocol as of July 13.
Within a day of broad network access, it rose to fifth place in the TVL (total value locked) ranking among L2 solutions.
Earlier this September, Base developers unveiled the Pessimism security system, designed to bolster the protection of OP Stack- and EVM-compatible protocols. EVM