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Coinbase layer-2 network Base closes in on mainnet launch

Press Releases Crypto News Cointelegraph Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch.

On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch.

“With the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch,” Base said, adding that they feel confident after not finding any critical code bugs:

“Completing these in-depth security workstreams without discovering critical severity bugs gave the Base team confidence to proceed towards mainnet launch.”

The other three criteria passed included a “Regolith” hard fork in testnet, a successful infrastructure review with OP labs — the team behind Optimism — and Optimism’s “Bedrock” upgrade.

P.S. In case you’re keeping track, with the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch…https://t.co/eRarQ4R7zG https://t.co/9o3vNidNtE

— Base ️ (@BuildOnBase) June 29, 2023

Coinbase officially launched Base on February 23, which aims to be a low-cost, secure, developer-friendly network for building decentralized applications.

To “battle-test” Optimism’s tech stack, Coinbase’s protocol security team conducted its own internal audit to identify any vulnerabilities that may emerge on layer 1, layer 2 and on the bridges.

In addition to Coinbase’s internal audit, Base invited the broader community to partake in a public smart contract audit test via Go to Source to See Full Article
Author: Brayden Lindrea

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