Coinbase Base Open Sources Contracts, Becomes Third Largest Layer-2
On October 19, Coinbase announced that it had open-sourced its Base smart contract and web repositories to increase transparency and accountability.
transparency also “serves as a catalyst for collaboration.”
“We’ve open-sourced our smart contract repos to provide developers with increased transparency around Base’s contract development, deployment, and upgrade process.”
available on GitHub
Furthermore, all of Base’s web properties, including base.org, docs.base.org, and bridge.base.org have been open-sourced. Developers can see how Base implemented features like deposits and withdrawals and contribute improvements.
The Coinbase layer-2 blockchain launched on mainnet in July. However, it has not been without its problems, suffering its first network outage on September 5. It has also been a magnet for scammers and rug pulls.
Layer-2 Ecosystem Outlook
Moreover, the L2 market is dominated by two players, Arbitrum One and Optimism, with a combined share of almost 80%.
Base uses Optimistic Rollups that have been developed on the Ethereum network, utilizing OP Stack technology.
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