Much less discussed are the implications of generative AI for blockchain itself, but there are a number of areas where it could potentially lend itself.
Smart contracts are one of the most transformative innovations to arise from the blockchain industry. They’re used to help automate transactions without the need for an intermediary. They’re one of the key enablers of blockchain’s highly touted decentralization, yet there’s still lots of room for improvement and this is where ChatGPT could potentially help.
ChatGPT, with its natural language processing ability, can help developers to write code using more natural language. In other words, developers can just define the code they wish to write, and have ChatGPT do the actual grunt work. In this way, it promises to speed things up while reducing the number of errors that creep into smart contract code and improving the overall quality as well.
Additionally, ChatGPT can spot trends in contract data for optimization suggestions, enhancing execution speed and reducing gas fees.Although blockchain is often described as being immutable and, thus, highly secure, it is not completely immune to security threats. Some of the biggest risks with blockchain are the dangers of 51% attacks, insider threats and cyberattacks.
Astar Network has gone one step further with its AI-assistant, Astari. It’s based on ChatGPT but has been enhanced with extensive knowledge of the Astar Network, and is able to explain anything that anybody needs to know about how it works. It can provide updates on news, create examples of code, educate users, and more. One of its most useful features is its ability to explain how specific smart contracts work.
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