Base, a layer-2 network, Coinbase, introduced its open-sourced code repositories and smart contracts. The new network is expected to increase transparency and accountability while simultaneously allowing public contributions to the project, stated Cointelegraph.
“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 tweeted.
Open-source development is an integral part of the crypto ethos. By making code public, anyone in the community can audit the code, which, hypothetically, allows vulnerabilities and potential exploits to be noticed and patched more quickly than if kept in-house.
“Open source is a win-win for our on-chain future. Builders get access to a trove of knowledge, improve on what’s already been done, and in turn, inspire others in the space,” Base told Cointelegraph.
(With insights from Cointelegraph)
