November 8, 2024

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Coinbase open sources code for layer-2 network Base

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Coinbase open sources code for layer-2 network Base

Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project. 

In an Oct. 19 blog

As well as open-sourcing its repositories and smart contracts, Base also open-sourced its web properties, including base.org, docs.base.org, and bridge.base.org.

Base has been one of the most active layer-2 networks in the crypto ecosystem, with a large wave of activity being driven by the rise of Friend.tech, a decentralized social finance application built on top of the network.

On Sept. 21, Coinbase legal counsel Paul Grewal raised eyebrows when he told Decrypt that Coinbase had not “ruled out entirely” the idea of issuing a native token for the layer-2 network.

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