TLDR
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Coinbase’s Base Layer 2 network has gone open-source to promote transparency and community contributions. This move simplifies development tasks and fosters collaboration.
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Optimism (OP), an Ethereum Layer 2 network, is set for a significant token release on October 30, 2023, matching the value of a prior release.
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NuggetRush (NUGX) is a community-driven blockchain game offering P2E and NFT opportunities. It focuses on building a strong community and real-world value in underserved regions.
Coinbase’s Base Layer 2 network recently open-sourced its code repositories to enhance transparency and encourage contributions from the public. Meanwhile, Optimism (OP) is preparing for a substantial token release, generating excitement in the crypto market.
Yet NuggetRush (NUGX) has emerged as a community-driven blockchain game, combining play-to-earn opportunities and NFT innovation. Let’s learn how these developments impact the dynamic and multifaceted cryptocurrency space.
Coinbase’s Base goes open source, boosting transparency and development
The Base Layer 2 network, incubated by Coinbase, recently made its code repositories open-source. This move aims to increase transparency and encourage public contributions to the project. Developers can now access Base’s core code, simplifying tasks from contract management to deployments.
Base’s decision to open its code aims to engage a broader developer community and harness collective expertise to boost its infrastructure. It also provides a platform for feedback, potentially revealing areas for improvement and undiscovered bugs.
An essential context is Base’s partnership with Optimism on the Ethereum-based OP Stack. Anika Raghuvanshi, a Senior Software Engineer at Base, highlights the company’s ongoing support for open-source initiatives, aligning with their vision of a decentralized and inclusive technology platform.
Open sourcing, particularly in the crypto sector, serves multiple purposes. When Base publicly shares its smart contract repositories on platforms like GitHub, it provides transparency into its on-chain activities. This transparency can accelerate community-led audits, leading to quicker vulnerability fixes.
On that note, Base has introduced a developer incentive by announcing a bounty program through Coinbase HackerOne, with rewards of up to $1 million for identifying codebase vulnerabilities.
Optimism (OP) token release causes excitement in the crypto market
Optimism (OP), an Ethereum Layer 2 rollup network, is scheduled for another token release on October 30, 2023.
Following the unlocking of 14.16 million Optimism (OP) tokens, valued at approximately $32 million on September 30, the upcoming release will be of equal value. In expectation of this event, the token saw a 5% increase on October 24, benefitting from the overall positive sentiment in the crypto market due to Bitcoin’s surge. OP also surged in July amid a token unlock.
The unlock represents 2.74% of Optimism’s (OP) circulating supply, making it a significant event with potential price implications. According to Token Unlocks data, 18.04% of Optimism (OP) tokens, totaling 774.78 million OP, have already been unlocked. Meanwhile, 24.75% of the total supply, around 1.06 billion Optimism (OP) tokens, remains locked.
As per data from Optimism, the current OP token allocation is as follows: 23.6% for core contributors, 23.6% for airdrop recipients, and 21.1% for investors.
On October 25, 2023, Optimism (OP) was trading at $1.37. Experts say Optimism (OP) will rise to $1.52 by the end of the year, supported by a bullish momentum in the entire crypto market.
NuggetRush (NUGX) introduces a new era of play-to-earn gaming
NuggetRush (NUGX) is a community-driven blockchain game designed for play-to-earn (P2E) enthusiasts and NFT fanatics. Going beyond the traditional meme coin and P2E game, this project is committed to forging a robust community and delivering tangible value, particularly to underserved regions.
At its core, NuggetRush (NUGX) hosts a dynamic marketplace and immersive gameplay, offering investors the exciting opportunity to generate passive income.
Meme coins have evolved to provide tangible real-world advantages by harnessing cutting-edge technology in their operations. Among the latest entrants into this dynamic market is NuggetRush (NUGX).
NuggetRush offers thrilling gameplay and potential earnings growth, attracting traders fascinated by NUGX’s unique ecosystem. These features and components make it a good crypto to buy today.
Interestingly, NuggetRush (NUGX), a community-owned play-to-earn blockchain game, smoothly integrates gaming and finance. This meme coin introduces a multifaceted ecosystem that harmonizes gold mining, cryptocurrencies, and innovative gaming.
Powered by the Ethereum (ETH) blockchain, NuggetRush (NUGX) provides worldwide transparency, security, and diverse player opportunities.
Currently, NuggetRush’s crypto ICO is in Stage 1 of its presale, with NUGX tokens trading at $0.010 each. Analysts say now is the best time to buy since NuggetRush’s (NUGX) value will rise to $0.012 on November 3 as it progresses to reach its listing price of $0.020, a 100% profit from the current price. Hence, NUGX is the best crypto investment in 2023.
Visit NuggetRush Presale Website
The post Coinbase’s Base becomes open source, Optimism vs. NuggetRush in 2023 appeared first on CoinJournal.
