{"id":86007,"date":"2023-10-20T13:07:46","date_gmt":"2023-10-20T10:07:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86007"},"modified":"2025-09-13T02:47:01","modified_gmt":"2025-09-12T23:47:01","slug":"coinbases-base-l2-network-opens-source-code","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinbases-base-l2-network-opens-source-code\/","title":{"rendered":"Coinbase&#8217;s Base L2 network opens source code"},"content":{"rendered":"<p>Coinbase-backed Base L2 network has opened the source code of its smart contracts and repositories on GitHub.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">One of Base\u2019s core values is building in the open<\/p>\n<p>We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration<\/p>\n<p>In this spirit, we\u2019ve open sourced our smart contract and GitHub repos<a href=\"https:\/\/t.co\/UOgGpNXyFL\">https:\/\/t.co\/UOgGpNXyFL<\/a><\/p>\n<p>\u2014 Base ?\ufe0f (@BuildOnBase) <a href=\"https:\/\/twitter.com\/BuildOnBase\/status\/1715064369946734944?ref_src=twsrc%5Etfw\">October 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abOne of Base&#8217;s core values is building in the open. We believe this is foundational to building an onchain ecosystem, ensuring accountability and collaboration\u00bb, \u2014 the team said.<\/p>\n<\/blockquote>\n<p>According to the statement, the move will provide projects with &#8216;increased transparency in the process of developing, deploying, and updating contracts&#8217; on the network.<\/p>\n<p>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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abOpen source is a win-win: developers gain access to knowledge, can improve what has already been done, and, in turn, inspire others\u00bb, \u2014 the team stressed.<\/p>\n<\/blockquote>\n<p>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\u2019s HackerOne bug-bounty program. Rewards for reports can reach up to $1 million depending on the severity of the vulnerability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are grateful to all the builders whose contributions help us grow and protect the ecosystem\u00bb, \u2014 the team said.<\/p>\n<\/blockquote>\n<p>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.<\/p>\n<p>The public launch of Base occurred <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-expands-access-to-base-l2-mainnet\">in early August<\/a>. Developers gained the ability to use the protocol <a href=\"https:\/\/forklog.com\/en\/news\/coinbases-base-l2-solution-opens-mainnet-to-developers\">as of July 13<\/a>. <\/p>\n<p>Within a day of broad network access, it rose to fifth place in the TVL (total value locked) ranking among L2 solutions.<\/p>\n<p>Earlier this September, Base developers <a href=\"https:\/\/forklog.com\/en\/news\/base-team-unveils-pessimism-a-security-monitoring-system\">unveiled the Pessimism security system<\/a>, designed to bolster the protection of OP Stack- and EVM-compatible protocols. <span class=\"old_tooltip\" data-descr=\"Ethereum Virtual Machine (EVM)\">EVM<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase-backed Base L2 network opens the source code of smart contracts and repositories on GitHub.<\/p>\n","protected":false},"author":1,"featured_media":86008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1321,138,1179,1767],"class_list":["post-86007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-base","tag-coinbase","tag-layer-2-solutions","tag-open-source"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86007"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86007\/revisions"}],"predecessor-version":[{"id":86009,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86007\/revisions\/86009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86008"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}