Coinbase’s Base network gets OpenZeppelin security integration
The OpenZeppelin Defender smart contract security platform has now integrated with Coinbase’s Base network, allowing Web3 app developers on Base to automate security tasks.
According to an April 19 announcement from blockchain cybersecurity firm OpenZeppelin, app developers on Base can now use the Defender software to create multi-signature admin contracts and timelocks, employ Relayers to store keys and sign transactions along with creating automated “sentinels” to monitor the blockchain and react when events occur.
These tools can be used for routine but sensitive admin tasks such as upgrading contracts, tweaking numerical parameters, or pausing a contract should an emergency occur according to the program’s documentation.
The Defender app was available on Ethereum and most other networks in the past, but as it was not integrated with Base, developers could not use it on the new testnet until now.
OpenZeppelin’s CTO Jonathan Alexander stated in the announcement that the integration will make smart contracts “more secure and expansive” while Base lead Jesse Pollak signaled excitement at the team-up saying that “security is key for a thriving onchain ecosystem.”
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Coinbase announced the launch of the Base test network on Feb. 23. It plans to produce a mainnet version as a layer-2 of Ethereum once testing is complete.
Some Ethereum users have speculated that Coinbase wants to help onboard institutional investors to Web3 through the new network as it will feature Masa Finance identity verification tools.
OpenZeppelin is most known for its library of open-source smart contracts which are often modified by developers and used for their own purposes throughout the Ethereum ecosystem.