Etherscan Integrates OpenAI-Powered Tool to Analyze Ethereum Smart Contract Source Code

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Etherscan, the Ethereum blockchain explorer and analytics platform, has added a new tool called Code Reader to its platform. This tool uses artificial intelligence (AI) technology from OpenAI to analyze smart contract source code. Etherscan’s Code Reader offers a way for users to gain transparency into the security and functionality of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

OpenAI’s API, which allows two computer programs to communicate and share information, is required in order to use the Code Reader tool. Currently, Code Reader does not support conversation threads with OpenAI’s chatbot and can only be queried through one-off prompts.

As the leader in news and information on cryptocurrency and digital assets, CoinDesk reports that Etherscan’s Code Reader aims to provide significant value to the blockchain community by increasing transparency in smart contract analysis. The tool is expected to have implications for auditing, compliance, and the overall security of Ethereum-based applications.

CoinDesk notes that the digital currency news and information outlet abides by strict journalistic standards and is an independent operating subsidiary of Digital Currency Group (DCG). As part of their compensation, certain CoinDesk employees may receive exposure to DCG equity in the form of stock appreciation rights. CoinDesk journalists are not permitted to purchase stock directly in DCG.

Overall, Etherscan’s Code Reader is a significant development for the Ethereum community, offering a powerful AI-based tool that can analyze smart contract source code and provide valuable insights into the security and functionality of smart contracts. This new tool is expected to enhance transparency and security for Ethereum-based applications, and could have implications for auditing and compliance in the blockchain industry.

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Frequently Asked Questions (FAQs) Related to the Above News

What is Etherscan?

Etherscan is an Ethereum blockchain explorer and analytics platform.

What is Code Reader?

Code Reader is a new tool added to Etherscan's platform that uses artificial intelligence (AI) technology from OpenAI to analyze smart contract source code.

What is the purpose of Code Reader?

The purpose of Code Reader is to provide users with transparency into the security and functionality of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

What technology does Code Reader use?

Code Reader uses OpenAI's API, which allows two computer programs to communicate and share information.

Can Code Reader be used to communicate with OpenAI's chatbot?

Currently, Code Reader does not support conversation threads with OpenAI's chatbot and can only be queried through one-off prompts.

What value does Code Reader offer to the blockchain community?

Code Reader aims to increase transparency in smart contract analysis and is expected to have implications for auditing, compliance, and the overall security of Ethereum-based applications.

What is CoinDesk?

CoinDesk is a digital currency news and information outlet that abides by strict journalistic standards and is an independent operating subsidiary of Digital Currency Group (DCG).

What is the relationship between CoinDesk and DCG?

As part of their compensation, certain CoinDesk employees may receive exposure to DCG equity in the form of stock appreciation rights. CoinDesk journalists are not permitted to purchase stock directly in DCG.

What are the potential implications of Code Reader on the blockchain industry?

Code Reader's AI-based tool that can analyze smart contract source code and provide valuable insights into the security and functionality of smart contracts is expected to enhance transparency and security for Ethereum-based applications, and could have implications for auditing and compliance in the blockchain industry.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Aryan Sharma
Aryan Sharma
Aryan is our dedicated writer and manager for the OpenAI category. With a deep passion for artificial intelligence and its transformative potential, Aryan brings a wealth of knowledge and insights to his articles. With a knack for breaking down complex concepts into easily digestible content, he keeps our readers informed and engaged.

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