Director of Coinbase: ChatGPT-4 has been able to detect smart contract vulnerabilities on the Ethereum chain in real time

On March 15th, Conor Grogan, the director of Coinbase, posted an article on social media stating that he had inserted a real-time Ethereum smart contract into chatGPT-4. As a result, AI immediately found security vulnerabilities and even showed how to exploit these vulnerabilities. Conor Grogan stated that the contract was indeed exploited by hackers in 2018. In addition, he also disclosed that he had tried Euler’s smart contract, but due to the length of the contract, it could not be processed by chatGPT-4. Conor Grogan admitted that AI would ultimately make smart contracts safer and easier to build.

Interpretation of this information:

On March 15th, Conor Grogan, the director of Coinbase, used social media to share an interesting development in the world of smart contracts. He inserted a real-time Ethereum smart contract into chatGPT-4, an AI language model. The AI immediately found security vulnerabilities in the contract and even showed how to exploit them. Grogan revealed that the contract was actually exploited by hackers in 2018.

Grogan also tried to test Euler’s smart contract using chatGPT-4. However, due to the length of the contract, the AI was unable to process it. Grogan acknowledged the importance of using AI in identifying security vulnerabilities in smart contracts. He concluded that AI would eventually make smart contracts safer and easier to build.

The use of AI in identifying security vulnerabilities in smart contracts is a breakthrough in the world of blockchain technology. In the past, security was a major concern for blockchain enthusiasts. The insertion of Ethereum smart contracts into chatGPT-4 puts the AI at the forefront of the fight against cyber threats. This development also underscores the importance of AI in dealing with the complexity of smart contracts.

The discovery of security vulnerabilities in the contract by the AI is also a wake-up call for blockchain developers to be more vigilant in their work. Smart contracts are critical to the success of blockchain technology, and their security must be guaranteed.

Three keywords that summarize the message are: Smart Contracts, AI, and Security. Smart contracts are at the core of blockchain technology, and they define the terms and conditions of parties involved in a transaction. AI helps in identifying security vulnerabilities in smart contracts, making them more secure and easier to build. Security is a critical concern in blockchain technology, and developers must ensure that smart contracts are secure to support the success of blockchain technology.