Coinbase‘s Layer-2 network Base has made its code repositories public to increase transparency and make the project more accessible for the public good. According to the team’s announcement, developers can now access the fundamental codes that enable various network processes, including contracts and other distributions, starting from October 19.
A Notable Step from the Base Team
The Base team aims to share their work openly to ensure that the active community on the Base network can closely follow these developments and verify that the team delivers on their promises. The announcement also stated the following:
“This transparency also serves as a catalyst for collaboration, as it allows developers to benefit from our knowledge base, improve existing solutions, and provide valuable feedback, whether it be to enhance documentation or identify overlooked errors.”
Base, a Layer-2 network built on the Ethereum infrastructure, was developed in collaboration with another Layer-2 network, Optimism, on the OP Stack. Anika Raghuvanshi, Senior Software Engineer at Base, stated the following:
“Supporting open-source has been one of our core principles since we announced the testnet earlier this year. Our goal is to be decentralized, permissionless, and open to everyone. By joining Optimism’s open-source OP Stack as Core Contributors, making Base’s contracts and front-end open-source is a continuation of our commitment to creating an open technology for everyone.”
What’s Happening on the Base Network?
The average number of transactions on the Base network fell below that of another Layer-2 network, Arbitrum, in recent days. Base, which was launched on August 9, only managed to dominate the competition with Layer-2 networks for about a month. The data shows that the average number of transactions, which was nearly 1.5 million in September, dropped below 500,000, a decrease of almost 65%.
Raghuvanshi expressed excitement about the activity in the Layer-2 ecosystem and continued:
“Since launching the mainnet in August, Base has gained significant momentum. Above all, we are committed to our founders and helping them bring decentralized technology to a billion users.”
Last month, Paul Grewal, Chief Legal Officer at Coinbase, stated that a token for Base is not being ignored. However, Raghuvanshi stated that there are no plans to launch a native token for Base.
