Etherscan Launches AI-powered Code Reader

Etherscan, an Ethereum block explorer and analytics platform, has launched a new tool called “Code Reader” that uses artificial intelligence to retrieve and interpret the source code of a specific contract address. The tool generates responses via OpenAI’s large language model, providing insights into the contract’s source code files. Users can modify the source code directly inside the UI before sharing it with the AI. Use cases for Code Reader include gaining deeper insight into contracts’ code, obtaining comprehensive lists of smart contract functions related to Ethereum data, and understanding how the underlying contract interacts with decentralized applications (dApps).

Amid the AI boom, some experts have cautioned on the feasibility of current AI models. Researchers say current prototypes face significant constraints such as complex data synchronization, network optimization, data privacy, and security concerns. 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.

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