Coinbase Open Sources Code for Layer 2 Network Base to Boost Transparency
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Coinbase has open sourced the code for its Layer 2 network Base, including smart contracts and GitHub repositories, to increase transparency.
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By open sourcing, Base aims to enable public contributions and accountability in developing its network.
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All smart contracts and scripts running deposits, withdrawals etc on Base are now publicly available.
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Open source allows community to audit code and spot vulnerabilities early, though it also allows exploits.
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Coinbase has offered bounties up to $1 million for identifying vulnerabilities as part of open sourcing Base's code.