The Coinbase’s Layer 2 network, Base, has taken a significant step towards fostering transparency and collaboration by making its code repositories accessible to the public.
This strategic move, announced on Thursday, is poised to become a cornerstone for the expansion of an on-chain ecosystem and accountability within the cryptocurrency community.
The Base team expressed their commitment to openness, stating that by sharing their work openly, they aim to empower the community to monitor their progress and ensure the fulfillment of their promises. Developers can now gain access to the codebase, offering them the opportunity to experiment and build upon the existing tools integrated into the protocol.
One of Base’s core values is building in the open
We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration
In this spirit, we’ve open sourced our smart contract and GitHub reposhttps://t.co/UOgGpNXyFL
— Base 🛡️ (@base) October 19, 2023
Not stopping at just the code, Base has also made its web properties, including http://base.org and http://bridge.base.org, open source, emphasizing the significance of collaboration and transparency in achieving their goal of bringing the next billion people on-chain.
Base, launched in February, has rapidly become the third-largest Layer 2 network with $549 million in Total Value Locked (TVL). Although it currently holds a 5.22% share of the Layer 2 market, compared to Arbitrum One and OP Mainnet’s collective 78%, Base’s utilization of OP Labs’ Optimistic Rollup stack positions it for ambitious plans to onboard millions to billions of users. In a recent episode of The Chopping Block, Base’s creator, Jesse Pollak, highlights why it’s still “day one” for the network, setting the stage for exciting developments in the world of cryptocurrency.
