Etherscan’s AI tool ‘Code Reader’ will provide AI-generated explanations for specific smart contract code after asking targeted questions.
Artificial Intelligence (AI) is making rapid inroads and new AI tools are making rapid strides in reading and applying code. etherscan, the Ethereum Blockchain Explorer recently unveiled a new AI tool that will take advantage of Open AI’s Big Language Model.
This new AI tool from Etherscan helps users to learn about the source code of any smart contract. Etherscan said its AI tool ‘Code Reader’ is currently in beta and will be used to “get deeper insights into code by generating AI prompts for specific code sections or functions that you want to better understand”.
It added that targeted questions to the ‘code readers’ would provide AI-generated explanations for specific smart contract codes. Thus, it will allow users to delve into the inner workings of the code. Etherscan states that “this feature is especially valuable when interacting with a smart contract for the first time, as it provides a deeper understanding of its operation and functionality.”
Users need a valid OpenAI API key with adequate OpenAI usage limits in order to use the ‘Code Reader’. The cool thing about ‘Code Reader’ is that it doesn’t store any API keys. Code readers have various purposes. It can help you better understand the code of contracts by providing explanations generated by artificial intelligence. It can also give you a detailed list of tasks related to Ethereum data in smart contracts. Additionally, it helps you understand how contracts interact with decentralized applications.
“After recovering contract files, you can choose a specific source code file to read. Additionally, you can modify the source code directly inside the UI before sharing it with the AI,” the page says.
Etherscan is riding the AI boom
The current boom around Artificial Intelligence (AI) technology has prompted market players to explore the potential. Furthermore, tools like code interpreters are making things more exciting for the users.
Ethereum is the latest to join the bandwagon, however, it has advised users not to assume that all answers are correct. “Don’t assume the answers are correct!” etherscan warning on Twitter. “This is very much a *BETA* release – please let us know what you’d like us to add or improve!”
As AI technology continues to evolve, experts are raising concerns about the viability of current AI models. A report by Singapore-based venture capital firm Foresight Ventures highlights that computing power resources will be a key factor in the next decade. While there is increasing demand for training large AI models using decentralized distributed computing power networks, the researchers point to a number of challenges. These include difficulties in synchronizing complex data, optimizing networks, and addressing concerns about data privacy and security.
Bhushan is passionate about Fintech and has a good grasp of understanding the financial markets. His interest in economics and finance drew his attention to the newly emerging blockchain technology and cryptocurrency markets. He is in the process of continuous learning and keeps motivating himself by sharing his acquired knowledge. In his spare time he reads thriller fiction novels and occasionally explores his culinary skills.
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