The Base network that Coinbase recently introduced is getting OpenZepplin security integration.
He made an announcement about the Blockchain network Base that Coinbase is developing. The US-based exchange reported that Base will have OpenZepplin security integration.
Coinbase’s Base Integrates OpenZepplin Security
Last year, security vulnerabilities in the crypto money industry hurt users and platforms a lot. However, companies began to take stricter security measures.
Coinbase’s Base network is now integrated with the OpenZeppelin Defender smart contract security platform, according to an announcement from blockchain cybersecurity firm OpenZeppelin.
Thanks to the implemented integration, Web3 application developers in Base will now be able to create multi-signed admin agreements. They will be able to use Defender software to create time locks, store keys and sign transactions. They will also be able to take action when unexpected events occur on the Blockchain by creating automatic “watchdogs”.
Making statements on the subject, OpenZepplin CTO said:
“With our integration, smart contracts will be more secure and capable of doing more.”
Making a statement on the subject, Jesse Polak, the Base leader of Coinbase, also used the following statements:
“Security is key for a thriving chain ecosystem. I am very excited about the establishment of the security team.”
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