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Coinbase’s New Ethereum Layer-2 Scaling Solution Open-Sources Smart Contract Code and GitHub Repository

October 20, 2023
in Australian Crypto News
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Coinbase’s New Ethereum Layer-2 Scaling Solution Open-Sources Smart Contract Code and GitHub Repository
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The code repository of the Coinbase-backed Ethereum (ETH) layer-2 scaling solution Base is now accessible to everyone.

In a series of tweets on social media platform X, the team behind the network says all of Base’s contracts and scripts are already publicly available on GitHub.

“One of Base’s core values is building in the open. We believe this is foundational to building an on-chain ecosystem, creating accountability, and enabling collaboration. In this spirit, we’ve open-sourced our smart contract and GitHub repos.”

Base says open sourcing represents its bid to improve transparency, which can deter errors and improve security.

“We’ve open-sourced our smart contract repos to provide developers with increased transparency around Base’s contract development, deployment, and upgrade process.

We’re providing transparency around our key management practices and partnered with the Optimism Foundation team to ensure that our upgrade process is documented thoroughly and well reviewed.”

Base says the move will also enable other developers to contribute to the project.

“Open source is a win-win: Builders get access to knowledge, can improve on what’s already been done, and in turn inspire others.

Through collaboration and transparency, we can accomplish the vision of bringing the next billion people on-chain.”

Project incubator Coinbase says Base is designed to offer a safe, low-cost, developer-friendly way to build on-chain. The layer-2 network is powered by the blockchain-scaling solution Optimism (OP) and is compatible with Ethereum, Ethereum layer-2s and alternative layer-1 blockchains.

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