Mar 16, 2023

ChatGPT Scores High Marks, Highlighting Exploits in Ethereum Smart Contracts

The latest version of ChatGPT has been making waves online, scoring highly on SAT tests and uncovering potential exploits in Ethereum smart contracts.

GPT-4, the latest iteration of the renowned OpenAI AI language model, has been praised for its ‘human-level performance on various professional and academic benchmarks.’

Aside from its impressive scores, GPT-4 has also demonstrated its ability to review Ethereum smart contracts and detect vulnerabilities, as well as suggesting possible ways to exploit the code.

Coinbase director Conor Grogan tweeted a conversation between himself and ChatGPT, where the AI chatbot ‘highlighted a number of security vulnerabilities’ before verifying a method to exploit the contract.

The same smart contract had been hacked in 2018 using the same method that the language model suggested.

At the ETHDubai conference this week, Cointelegraph journalist Ezra Reguerra discussed the implications of the new ChatGPT upgrade with attendees.

Blockchain developer Salman Arshad noted the relevance of ChatGPT to the Web3 space, especially in terms of security and auditing processes. Smart contract auditors are expensive and ChatGPT offers a more cost-effective way to review code:

“ChatGPT and AI tools are a blessing, they are not our enemies and are not here to end the career of a developer.”

Arshad added that ChatGPT’s extensive knowledge base is its strength, but it still requires human input for specific business logic and prompts. The benefit is that developers can get far more work done in far less time by using AI-powered tools:

“You know what your company wants to do, you can tell ChatGPT and it can perfectly transform your commands into a smart contract, auditing process, document or white paper.”

Syed Ghazanfer also highlighted the collaborative nature of ChatGPT, which remains far more beneficial to a wide range of users than the potential threat of automating processes and replacing human workers:

“I’m really in favor of ChatGPT. For it to replace you, you have to communicate requirements which are not possible in native English. That’s why we invented programming languages.”

Ghazanfer added that ChatGPT will remain a useful tool for developers, automating processes like reading and condensing full documentation.

As previously explored by Cointelegraph, ChatGPT is proving to be a powerful asset for developers to solve coding problems. The AI-powered tool also promises to be useful for security audits of smart contracts and Web3 platforms, as well as for NFT promotion, crypto marketing, and NFT marketing. It can even be employed by NFT marketing agencies and web3 agencies to help them sell NFTs and promote them on Twitter.

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