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Coinbase's Base Network Gets OpenZeppelin Security Integration

By Sherry Cantwell
Apr 26, 2023
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The OpenZeppelin Defender smart contract security platform is now integrated with Coinbase's Base network, allowing Web3 application developers on Base to automate security tasks.

According to an April 19 announcement by blockchain cybersecurity company OpenZeppelin, application developers on Base can now use the Defender software to create multi-signature management contracts and timelocks, use Relayers to store keys and sign transactions, and create automated to "Smonitinels" blockchain and react to events as they occur. According to program documentation, these tools can be used for routine but sensitive administrative tasks, such as upgrading contracts, adjusting numerical parameters, or suspending contracts in case of emergencies.

The Defender app used to be available on ethereum and most other networks, but since it didn't integrate with Base, developers haven't been able to use it on the new testnet until now. OpenZeppelin CTO Jonathan Alexander said in the announcement that the integration will make smart contracts "more secure and scalable," while Base lead Jesse Pollak expressed excitement about the teamwork, saying "security is key to a thriving on-chain ecosystem."

Coinbase announced the launch of the Base test network on February 23. It plans to produce a mainnet version as Ethereum's layer 2 after testing is complete.

Some Ethereum users have speculated that Coinbase hopes to help institutional investors onboard Web3 with the new network, as it will feature Masa Finance authentication tools. OpenZeppelin is known for its library of open-source smart contracts that are frequently modified by developers and used for their own purposes throughout the Ethereum ecosystem.

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