Etherscan code reader to use AI to unlock Ethereum contracts – here is what you need to know

TL;DR Breakdown

  • Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address.
  • Code Reader generates comprehensive responses, offering valuable insights into the contract’s source code files by utilizing OpenAI’s large language model (LLM).
  • A recent report published by Singaporean venture capital firm Foresight Ventures, it was suggested that computing power resources would be a pivotal battleground in the coming decade.

Description

On June 19, Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address. By utilizing OpenAI’s large language model (LLM), Code Reader generates comprehensive responses, offering valuable insights into the contract’s source … Read more

On June 19, Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address. By utilizing OpenAI’s large language model (LLM), Code Reader generates comprehensive responses, offering valuable insights into the contract’s source code files. The developers at Etherscan emphasized that to utilize the tool, users must possess a valid OpenAI API Key and have sufficient OpenAI usage limits, assuring that the tool does not store users’ API keys.

“To use the tool, you need a valid OpenAI API Key and sufficient OpenAI usage limits. This tool does not store your API keys.”

Code Reader presents numerous use cases that benefit users seeking a deeper understanding of smart contract code through AI-generated explanations. The tool enables users to obtain extensive lists of functions associated with Ethereum data, facilitating a comprehensive comprehension of how the underlying contract interacts with decentralized applications (dApps). Once the contract files are retrieved, users have the option to choose a specific source code file to peruse. Moreover, the tool permits users to modify the source code directly within the user interface before sharing it with the AI, empowering them to experiment and iterate on the code effectively.

Etherscan vs AI

As the field of AI continues to experience exponential growth, some experts have raised concerns about the feasibility of current AI models. In a recent report published by Singaporean venture capital firm Foresight Ventures, it was suggested that computing power resources would be a pivotal battleground in the coming decade. While there is a rising demand for training large AI models within decentralized distributed computing power networks, researchers have identified significant constraints that hinder their development. These challenges include complex data synchronization, network optimization, and concerns regarding data privacy and security.

Foresight Ventures highlighted a specific example to illustrate the limitations faced by large AI models. The report stated that training a model with a staggering 175 billion parameters, utilizing single-precision floating-point representation, would necessitate approximately 700 gigabytes of storage. However, distributed training mandates frequent transmission and updates of these parameters between computing nodes. 

In a scenario involving 100 computing nodes, with each node requiring updates to all parameters at each unit step, the model would demand the transmission of a colossal 70 terabytes of data per second. This requirement far surpasses the capacity of most existing networks, illustrating the immense challenges in implementing distributed training for large AI models.

“In most scenarios, small AI models are still a more feasible choice, and should not be overlooked too early in the tide of FOMO on large models.”

In light of these constraints, researchers suggest that in many scenarios, smaller AI models remain a more viable choice. It is crucial not to overlook the potential of smaller models amidst the current frenzy surrounding large models. As the AI landscape evolves, advancements in computing power and network infrastructure will likely address some of these limitations. Nonetheless, for the time being, smaller AI models can still deliver substantial value and should not be prematurely dismissed in the pursuit of larger, more complex models.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Etherscan code reader to use AI to unlock Ethereum contracts – here is what you need to know

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月22日 08:03
Next 2023年6月22日 12:07

Related articles

  • Binance Announces Removal of Australian Dollar Trading Pairs, Sparking Market Speculations

    TL;DR Breakdown Binance has announced the removal of several trading pairs involving the Australian Dollar (AUD) from its platform, effective May 26, 2023. Speculations surround the motivations behind this decision, with possible factors including low trading volumes, regulatory compliance, and resource optimization. In a recent announcement, Binance, one of the world’s leading cryptocurrency exchanges, has revealed its decision to remove several trading pairs involving the Australian Dollar (AUD). This move has garnered significant attention within the crypto community, as traders and investors speculate about the reasons behind the removal and its potential impact on the market. With Binance being a prominent player in the industry, any changes made by the exchange tend to generate ripples in the crypto landscape. In this article, we will delve into the details of the decision, explore the possible motivations behind it, and discuss the implications for both Binance users and the broader cryptocurrency market. Binance’s Decision to Remove AUD Trading Pairs Binance’s announcement stated that starting from May 26, 2023, several trading pairs involving the Australian Dollar would be delisted from the exchange. The…

    Article 2023年5月26日
  • Binance.US market share slides amid ongoing regulatory lawsuit

    TL;DR Breakdown Binance.US has witnessed a slight decline in its market share following its prolonged lawsuit against the SEC. Coinbase experiences good fortune despite regulatory lawsuit. Description United States-based cryptocurrency exchange Binance.US has experienced a significant decline in its market share, reportedly dropping more than 20% due to an ongoing lawsuit filed by federal financial regulators. Data from Kaiko, cited in a July 5 report by Reuters, reveals that Binance.US’s market share in the U.S. decreased from over 22% in April to … Read more United States-based cryptocurrency exchange Binance.US has experienced a significant decline in its market share, reportedly dropping more than 20% due to an ongoing lawsuit filed by federal financial regulators. Data from Kaiko, cited in a July 5 report by Reuters, reveals that Binance.US’s market share in the U.S. decreased from over 22% in April to approximately 0.9% as of June 26. Binance.US market share experience fall to end June The U.S. Securities and Exchange Commission (SEC) initiated a lawsuit against Binance.US, along with its parent company Binance and CEO Changpeng Zhao (CZ), in June. The…

    Article 2023年7月8日
  • China has a yuan problem – Will USD make a play?

    TL;DR Breakdown China’s central bank, the PBOC, is intervening in the weakening of the yuan, aiming to slow down its depreciation. The PBOC’s strategy could potentially backfire, with companies possibly redirecting their capital to offshore accounts due to the decline in dollar deposit rates. Several countries, including Brazil, Iran, and Saudi Arabia, are increasingly using the Chinese yuan over the U.S. dollar for cross-border transactions. Description China finds itself in the throes of a currency dilemma, as it grapples with the weakening yuan. With the rapid depreciation, it’s clear that the dragon is trying to tame its own tail. But in the backdrop of these convulsions, is the United States poised to seize the moment? Steering through currency headwinds It’s no … Read more China finds itself in the throes of a currency dilemma, as it grapples with the weakening yuan. With the rapid depreciation, it’s clear that the dragon is trying to tame its own tail. But in the backdrop of these convulsions, is the United States poised to seize the moment? Steering through currency headwinds It’s no secret…

    Article 2023年7月3日
  • X (Twitter) contests India court’s content blocking orders

    TL;DR Breakdown X has appealed against an Indian court ruling that fined them for not complying with content removal orders, fearing it may lead to increased censorship. The legal battle is entangled with Elon Musk’s business interests in India, including proposals for Tesla and SpaceX. The case’s outcome could set a global precedent concerning digital freedom, government censorship, and the right to free speech online. Description The battle between X (formerly known as Twitter) and the Indian judiciary escalates as the social media giant continues to challenge the court’s ruling. A fine, content censorship, and a complex intersection of business and politics have woven a tale that mirrors a broader struggle for free speech in the online age. A struggle against … Read more The battle between X (formerly known as Twitter) and the Indian judiciary escalates as the social media giant continues to challenge the court’s ruling. A fine, content censorship, and a complex intersection of business and politics have woven a tale that mirrors a broader struggle for free speech in the online age. A struggle against censorship…

    Article 2023年8月3日
  • Bitget surges in Latam amid Binance and Coinbase legal turmoil

    TL;DR Breakdown Latin American Bitget users climbed 43% and deposits 134% from June 6 to June 9. Legal action against Binance, a crypto exchange, was initiated by the United States on June 5. The number of Brazilian customers joining the exchange increased by 54%, while the total amount of money they deposited increased by 208%. As a result of the legal issues between Binance and Coinbase, crypto investors in Latin America (Latam) are increasingly using Bitget as an alternate platform. Bitget is gaining popularity as a trustworthy and safe crypto trading platform in Latam. Important transactions in the past have also been challenged in court. Bitget saw a 43% increase in users from Latin America last week, while deposits increased by 134%. Bitget gains Latin American users amid Binance and Coinbase lawsuits Bitget, a crypto exchange, has seen a meteoric rise in its customer base across Latin America. The increase in new signups follows a lawsuit filed by US officials against Binance and Coinbase. According to Bitget, between June 6 and June 9, new users in the region surged by…

    Article 2023年6月14日
TOP