Coinbase-owned layer 2 network, Base, has made its code open-source in a bid to promote transparency, accountability, and partnerships. The decision allows developers and the wider community to access the smart contract and web GitHub repositories. Base believes that sharing the code will enable scrutiny and progress tracking by the community. The move also aims to encourage community participation in the development process and the expansion of services. By making the code accessible, developers and creators can contribute, refine, and build new solutions for layer 2 networks and the broader ecosystem. Base is also offering a $1 million bounty for detecting bugs in its code to ensure the prevention of any potential vulnerabilities. The trend of making code open-source has gained traction due to incidents that resulted in significant losses for various projects. While some argue for intellectual property protection, others believe that open-source codes foster decentralization and better participation.
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