Etherscan Reveals AI-fueled ‘Code Reader’ Tool For Analyzing Smart Contract Code

It has been just revealed the fact that Etherscan has just unveiled a new tool. Check out the latest reports about this below.

Ethereum blockchain explorer Etherscan has just unveiled a new AI tool that will use OpenAI’s large language model to help users learn about the source code of any smart contract.

Dubbed “Code Reader,” Etherscan said the beta tool can be used to “gain deeper insights into the code by generating AI prompts for specific code sections or functions that you want to understand better.” It added that targeted questions will produce AI-generated explanations for specific smart contract code, thereby “enabling you to delve into the inner workings of the code.”

“This feature is particularly valuable when interacting with a smart contract for the first time, as it provides a thorough understanding of its operations and functionality,” Etherscan added.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,723.

An important analyst who successfully rode the crypto market rally this year is outlining a scenario where Ethereum (ETH) could ascend to a level last witnessed in Q2 of 2022.

A strategy session led by a pseudonymous analyst named DonAlt has been shared with over 51,300 YouTube subscribers.

In the session, DonAlt suggests that for the leading smart contract platform, Ethereum, bullish investors must overcome the resistance at $1,940 to create momentum.

DonAlt predicts that if this resistance is surpassed, Ethereum could reach $2,500, a level that was last seen in early May 2022 before the collapse of the market caused by the Terra (LUNA) ecosystem’s implosion.

“$1,940 – that area was resistance. We got rejected by it, but if we come back up there, if you get even close to that, there’s a really, really high chance that we go to $2,500.

That makes the trade quite easy because then you can just market buy basically if it goes up, which is quite nice and makes the whole thing a little bit more tradeable.”