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Coinbase’s evolved Layer 2 network – Base – is getting ready for mainnet launch. Since its deployment to the testnet earlier this year, Base has already met 4 out of 5 criteria for the upcoming program, while on track to attract the next million developers and one billion users on-chain. Safety is given top priority.
Thus, the team in charge of protocol security has redoubled efforts to improve the security of Base and Optimism over the past six months. Experts have not yet found any major flaws.
Base Safety First Mindset
According to blog postThe developers audit all Optimism pre-deployments and contracts on both L1 and L2 to detect bugs and risks in the technology stack.
‘Fuzzing’ methods were leveraged for critical components such as the L2 bridge and sequencer, in addition to developing operational runbooks for a variety of risk scenarios as well as crisis events.
The team also reviewed and audited the key management setup and contracts for the base.
After the completion of these audits, no critical severity bugs were discovered by over 100 external security researchers employed for this purpose. This gives Base the confidence to move forward towards the mainnet launch, the platform said in a statement.
The team is currently working on ensuring appropriate action is taken for any informative or minor issues reported during the process.
“Our goal in all of our security work is to look around and blunt the effectiveness of these attacks. We’re proud of the work we’ve done to secure the base and although sometimes even the best controls fail, we will always learn and do better.”
going ahead
Coinbase unveiled its own Ethereum Layer-2 network in February, which is being developed in collaboration with Optimism. Its mainnet launch is scheduled for sometime in 2023. As part of the agreement, the crypto exchange joined Optimism as a core dev on the open-source OP stack.
Going forward, Base revealed the inclusion of an open-source monitoring tool called pessimism, which allows builders to report any anomalies such as account balance irregularities, contract events, or disparities between L1 and L2 states. Designed to inform.
In addition, the new tool will be paired with existing OP Labs monitoring tools, Coinbase’s native blockchain monitoring capabilities, as well as third-party tools for detecting malicious and out-of-pattern events.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
Coinbase’s evolved Layer 2 network – Base – is getting ready for mainnet launch. Since its deployment to the testnet earlier this year, Base has already met 4 out of 5 criteria for the upcoming program, while on track to attract the next million developers and one billion users on-chain. Safety is given top priority.
Thus, the team in charge of protocol security has redoubled efforts to improve the security of Base and Optimism over the past six months. Experts have not yet found any major flaws.
Base Safety First Mindset
According to blog postThe developers audit all Optimism pre-deployments and contracts on both L1 and L2 to detect bugs and risks in the technology stack.
‘Fuzzing’ methods were leveraged for critical components such as the L2 bridge and sequencer, in addition to developing operational runbooks for a variety of risk scenarios as well as crisis events.
The team also reviewed and audited the key management setup and contracts for the base.
After the completion of these audits, no critical severity bugs were discovered by over 100 external security researchers employed for this purpose. This gives Base the confidence to move forward towards the mainnet launch, the platform said in a statement.
The team is currently working on ensuring appropriate action is taken for any informative or minor issues reported during the process.
“Our goal in all of our security work is to look around and blunt the effectiveness of these attacks. We’re proud of the work we’ve done to secure the base and although sometimes even the best controls fail, we will always learn and do better.”
going ahead
Coinbase unveiled its own Ethereum Layer-2 network in February, which is being developed in collaboration with Optimism. Its mainnet launch is scheduled for sometime in 2023. As part of the agreement, the crypto exchange joined Optimism as a core dev on the open-source OP stack.
Going forward, Base revealed the inclusion of an open-source monitoring tool called pessimism, which allows builders to report any anomalies such as account balance irregularities, contract events, or disparities between L1 and L2 states. Designed to inform.
In addition, the new tool will be paired with existing OP Labs monitoring tools, Coinbase’s native blockchain monitoring capabilities, as well as third-party tools for detecting malicious and out-of-pattern events.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
