Etherscan, a prominent Ethereum block explorer and analytics platform, made significant strides in the realm of artificial intelligence (AI) during the past week.
Among the notable developments were the launch of their AI-powered code reader and Polygon’s proposal for a zero-knowledge Ethereum Virtual Machine (zkEVM) upgrade to enhance protocol security.
Etherscan’s Code Reader is a groundbreaking tool introduced on June 19. Utilizing AI technology, it allows users to retrieve and interpret the source code of specific contract addresses.
By inputting a prompt, the Code Reader generates responses using OpenAI’s large language model, providing valuable insights into the contract’s source code files.
The tool’s functionalities encompass gaining a deeper understanding of contract code through AI-generated explanations, obtaining comprehensive lists of smart contract functions related to Ethereum data, and comprehending the contract’s interaction with decentralized applications.
Furthermore, users have the option to modify the source code directly within the user interface before sharing it with the AI.
In parallel, Polygon’s co-founder put forward a proposal for a zkEVM upgrade aimed at bolstering the security of the protocol.
The zkEVM upgrade leverages zero-knowledge proofs to enhance privacy and confidentiality, while simultaneously reducing transaction costs.
This development showcases the continuous efforts of blockchain platforms to improve their underlying technology and provide a more robust and secure environment for users.
Meanwhile, ZachXBT, a blockchain investigator, received substantial support from the crypto community in his ongoing legal battle. Binance CEO Changpeng Zhao joined the cause by donating to ZachXBT’s lawsuit fund, which has now surpassed $1 million.
The community-driven initiative aims to assist ZachXBT in defending himself against a defamation case filed by Jeffrey Huang, also known as MachiBigBrother on Twitter.
This display of solidarity among crypto personalities underscores the interconnectedness and collaborative nature of the industry.
These developments coincide with a bullish momentum across the decentralized finance (DeFi) market, led by Bitcoin’s resurgence.
The top 100 DeFi tokens broke free from a three-week-long bearish phase, experiencing substantial price surges throughout the week.
Most DeFi tokens traded in the green, signaling renewed optimism and investor confidence in the market.
In summary, Etherscan’s introduction of the AI-powered Code Reader, Polygon’s proposal for a zkEVM upgrade, and the support rallied behind ZachXBT’s legal battle have been the highlights of the past week in the DeFi ecosystem.
These advancements contribute to the growth, security, and innovation within the blockchain industry, setting the stage for further breakthroughs in the future.
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