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- 1 Vitalik Buterin eyes AI to detect and resolve Ethereum’s biggest technical issue.
- 2 Bugs in Ethereum’s code are technically the biggest risks that need rectification for the game change.
Vitalik Buterin, the co-founder of Ethereum comes in support of Artificial Intelligence (AI) amid Ethereum’s “biggest technical” risks. According to him, OpenAI’s GPT-4 holds the capacity to catch bugs and risks in Ethereum-based code. The comment was made by Buterin based on an experiment held in July 2023. Vitalik Buterin net worth is reported over $600 Million in 2023.
Vitalik Buterin’s support for Artificial Intelligence
In an X post on February 18, Buterin tweeted about the emerging role of AI in the cryptocurrency land mainly for Bitcoin’s biggest competitor, Ethereum.
According to Buterin, one of the AI applications holds the power to assist formal verification of code and bug finding. The bug in the code is Ethereum’s biggest technical risk as of now and GPT-4 has the power to detect and resolve the issue.
The bug buried deep within the code was identified through a series of experiments, conducted by OpenZeppelin in July 2023. OpenAI’s GPT-4 made a positive response in detecting the security issues in Ethereum’s Solidity smart contracts, the programming language of ETH. The tool encountered over 20 out of 28 challenges. Additionally, individuals can give prompts to correct mistakes if persist.
However, the tools are not very reliable and are not widely accepted by everyone. In fact, OpenZeppelin observed that AI had actually developed exposures that had never existed in the first place.
Supporting the statement, Kang Li, Certik’s chief security officer said that AI tools often generate glitches or security issues and recommended to be used by experienced coders if required.
Buterin’s statement comes as ETH closes in on applying its long-awaited Dencun upgrade, supposed to launch on March 13. The launch is expected to introduce proto-danksharding and blobs to drop down transaction costs on ETH layer 2s.
Nevertheless, Buterin warned developers to use caution when working with Artificial Intelligence or applying AI with blockchain technology.
AI and Web3
According to Gemini’s 2024 Crypto, blending AI and Web3 with crypto can improve data ownership, and data privacy along with offering an alternative to large-scale cloud expansion.
Web3 expanded its roots in the field of decentralization, mainly through zero-knowledge proofs technologies which are supposed to offer privacy-enhanced machine learning. AI can permit the crypto market to transcend its niche status and examine the potential in the fields of technology, finance, and others, the repost stats.
Additionally, Nansen analyst Sandra Leow focused on the development of AI agents in the field of crypto.
“AI agency can become the primary category of users on the blockchain and include examples like verification management applications that use zero-knowledge learning technologies”, added Leow.
As per data from CoinMarketCap, ETH, the biggest rivalry of Bitcoin has a current price of $2,909.22, an upsurge of 4.22% in one day with a market cap of $349,429,613,004. The 24-hour trading volume is $13,025,438,431.
ETH’s co-founder, Vitalik Buterin net worth in 2022 was over $400 Million and surged to over $600 Million in 2023. The whole was made up of $45 Million in off-chain assets and $555 Million in on-chain ETH holdings.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
