Unleashing the Power of Code: Etherscan Launches AI-Powered Code Reader

Dubbed the “Code Reader,” Etherscan’s latest application aims to revolutionize users’ understanding of Ethereum source code. By harnessing the capabilities of ChatGPT, an algorithmic implementation for natural language developed by OpenAI, this tool brings an innovative approach to blockchain analytics. With Code Reader, users gain enhanced insights into contracts’ source code files by generating interpretations through AI-generated prompts.

Powered by ChatGPT, Code Reader represents a significant step forward in the world of blockchain analytics. It provides comprehensive lists of related Ethereum data and offers deep insights into the underlying contract’s interactions with decentralized applications. It acts as a valuable resource, shedding light on the complexities of Ethereum’s source code.

Code Reader’s functionality requires a valid OpenAI API Key and sufficient OpenAI usage limits. User privacy and data security are a top priority, as the tool does not store any user’s API keys, ensuring confidentiality.

While the integration of ChatGPT signals a major leap forward, Etherscan maintains a cautious stance. It emphasizes that Code Reader is currently in its beta phase and actively encourages user feedback for further refinement. As with any AI tool, it is essential to exercise caution. Etherscan advises users not to solely rely on ChatGPT’s responses and instead verify the information received.

Etherscan’s Code Reader enters the scene amidst a growing trend of AI integration in blockchain analytics. Alchemy, for instance, recently launched their own ChatGPT-based tool, AlchemyAI. However, the integration of AI in the blockchain industry presents challenges, particularly related to feasibility and data capacity.

A report by Foresight Ventures underscores the substantial resources required to train large AI models. These requirements often surpass the capacity of most networks. As a result, smaller AI models remain a more practical choice, highlighting the need for caution when integrating larger models like ChatGPT.

Etherscan’s launch of the AI-powered Code Reader, leveraging ChatGPT, marks a significant development in the blockchain analytics field. It empowers users to delve deeper into Ethereum source codes, leveraging artificial intelligence to unlock valuable insights and enhance understanding.

Original: https://cryptodaily.co.uk/2023/06/etherscan-unveils-ai-powered-code-reader-eth