Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network

Coinbase wants developers on its Base network to look into developing an inflation-pegged “flatcoin' amid recent banking turmoil.

Coinbase has also urged developers to look into developing an on-chain reputation system, which it says will play a “critical role” in establishing “onchain trust” between users, Coinbase said.

“This could look like a FICO or Google page rank type score on ENS names, ratings/reviews for merchants, and other measures that help build trust onchain.” In its third area of focus, Coinbase said an on-chain limit order book exchange could serve as a more “advanced exchange” because it can carry out the normal operations of exchange whilst eliminating counterparty risk through self-custody.

To achieve that feat, it wants to enable tools that protect against smart contract code vulnerabilities and protocol logic errors.

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