Coinbase layer-2 network Base closes in on mainnet launch
The community audit ran from May 27 to June 10 with an optimum of $100,000 in rewards handed out to effective bounty hunters.Demonstrating “testnet stability” is the final requirements that requires to be passed prior to mainnet launch, according to a previous post from Base.The 5 requirements needed for Base to launch on mainnet. The timeline supplied by Base was released on May 25. Source: BaseWhile Base didnt state how the last requirements would be fulfilled precisely, the group stated that theyre still reviewing submissions from the 100 scientists that participated in the general public smart agreement audit in addition to evaluations from previous audit programs– namely “spearbit” and “sherlock.” Base added that theyve built Pessimism, an open source monitoring tool which intends to inform home builders of any anomalies that may arise in the protocol, such as account balance irregularities, contract occasions, or variations between L1 and L2 states.Related: Coinbase CEO says Bitcoin Lightning is something well integrate In late March, Coinbase said they wish to see an inflation-pegged “flatcoin,” an on-chain reputation system and an on-chain limitation order book exchange built on Base.Many thought about the development of Base to be a “massive vote of self-confidence for Ethereum” when the news was initially announced in late February.Secured on Ethereum and powered by layer-2 network Optimism, Base intends to ultimately end up being a network for building decentralized applications.Magazine: Account abstraction turbo charges Ethereum wallets: Dummies guide
Coinbase officially launched Base on February 23, which intends to be an affordable, safe and secure, developer-friendly network for building decentralized applications.To “battle-test” Optimisms tech stack, Coinbases protocol security team performed its own internal audit to determine any vulnerabilities that might emerge on layer 1, layer 2 and on the bridges. In addition to Coinbases internal audit, Base invited the broader neighborhood to take part in a public wise contract audit test by means of Code4rena to report bugs found in the Optimisms tech stack:” We engaged over 100 security scientists as part of this contest, and are happy to report there were no significant vulnerabilities discovered.
Base, a new layer 2 application-focused procedure by Coinbase has just one criteria left to satisfy prior to being all set for mainnet launch.On June 29, the group stated the Optimism-powered, Ethereum-secured network has actually been subject to six months of rigorous security audits– both internally and externally– its second-last requirements required for launch.” With the conclusion of these audits, weve now fulfilled ⅘ of our requirements for mainnet launch,” Base said, including that they feel positive after not finding any critical code bugs:” Completing these thorough security workstreams without finding critical severity bugs offered the Base team self-confidence to continue towards mainnet launch.