Etherscan, a popular Ethereum blockchain scanning website, has unveiled a new tool that uses artificial intelligence (AI) to help users interpret the source code of smart contracts. According to a post on its website, the tool, based on OpenAI technology, allows users to ask for an explanation of the entirety or parts of the source code of a smart contract. This enables users to make informed decisions on how to interact with them and explore possible ways of using them in decentralized applications.
The surge in AI interest, spurred by the success of OpenAI’s ChatGPT chatbot, has led to many blockchain and crypto companies developing tools based on the technology. Last week, crypto exchange Bybit integrated ChatGPT into its trading platform.
Etherscan’s Code Reader tool is meant for informational purposes only and users are encouraged to verify its answers instead of relying on them solely for evidence or bug bounty submissions. To use the tool, users need to connect to OpenAI’s API and have sufficient usage limits. Currently, the tool does not allow for conversation threads with the chatbot and can be queried only through one-off prompts.