Coinbase’s Base, a layer 2 blockchain developed in collaboration with Optimism, has recently completed a comprehensive series of security audits, signaling its readiness for the highly anticipated mainnet launch. With the objective of attracting a substantial influx of new crypto users, Base has undergone rigorous testing to ensure a secure and reliable platform. The audits, which were conducted over a span of six months by Coinbase’s protocol security team, examined every aspect of Optimism’s pre-deployments and smart contracts across both layer 1 and layer 2. This meticulous approach aimed to identify and mitigate any potential security risks.
To further bolster its security measures, Base employed advanced techniques such as fuzzing. This methodology involves injecting malformed code into existing code through automation, enabling the identification of implementation bugs and vulnerabilities. By applying fuzzing to critical components like the layer 2 blockchain bridge to layer 1 and the sequencer, Base proactively addressed potential weaknesses and enhanced the overall security of its infrastructure.
The significance of securing cross-chain bridges cannot be overstated, as they serve as vital conduits for transferring assets between different blockchains. Unfortunately, they also present an enticing target for hackers and exploiters. According to security firm Chainalysis, crypto bridges fell victim to approximately $2 billion in thefts during 2022. Recognizing the criticality of this aspect, Base devoted significant attention to fortifying its cross-chain bridges to ensure the utmost protection against potential attacks.
In its commitment to upholding the highest security standards, Base engaged the expertise of more than 100 external security researchers. This collaborative effort aimed to leverage diverse perspectives and insights, thereby reinforcing the robustness of Base’s infrastructure. By tapping into the collective knowledge and experience of these researchers, Base is positioned to address any vulnerabilities and ensure the utmost security for its users.
As Base gears up for its mainnet launch, the completion of these security audits marks a significant milestone. With a strong emphasis on security and a focus on attracting a substantial user base, Base aims to provide a reliable and trustworthy platform for individuals venturing into the world of cryptocurrencies. By prioritizing the identification and mitigation of potential risks, Base demonstrates its commitment to building a secure foundation that instills confidence in users and fosters the long-term growth and success of the platform.
