Etherscan, a popular Ethereum (ETH) block explorer, has announced the addition of ChatGPT to its suite of tools for analyzing the coin’s blockchain.
The new tool, called Code Reader, uses the ChatGPT API to give users the ability to retrieve and interpret the source code for a specific contract address. This integration aims to improve understanding of the Ethereum source code and make the blockchain analysis process more efficient.
Blockchain explorers allow users to view transactions and other information on a blockchain network. Etherscan is one of the leading block explorers for the Ethereum blockchain and provides valuable insight into the Ethereum ecosystem. With the integration of ChatGPT, Etherscan aims to streamline the blockchain scanning and analysis process, which can often be tedious and time consuming.
Etherscan is not the only company leveraging ChatGPT for blockchain exploration. Last week, Alchemy, a leading blockchain platform developer, released its ChatGPT-based tool called AlchemyAI, which includes a GPT-4 plugin for blockchain analysis. Additionally, Solana Labs introduced its own ChatGPT plugin in May.
While the ChatGPT integration brings advanced AI capabilities to blockchain analysis, Etherscan emphasizes the limitations of the tool. The company warns users not to rely solely on ChatGPT responses and to always verify the information independently.
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This caution stems from the well-known problem of AI chatbots generating false or false information, a phenomenon known as hallucinations. OpenAI, the creator of ChatGPT, has been working on improving the model to prevent hallucinations and ensure the accuracy of the responses generated.
Etherscan’s Code Reader tool is currently in beta, and the company encourages user feedback to further improve its functionality. As the blockchain industry continues to evolve, the integration of AI technologies like ChatGPT is expected to significantly facilitate blockchain exploration and analysis.
