TL;DR:
- Avalanche network plans to introduce Coin Operated Agents, an AI-powered blockchain.
- Smart contracts are difficult to verify and prone to vulnerabilities.
- Coin Operated Agents aim to address these challenges by integrating AI and large language models.
- The new architecture allows for flexible, free-form transactions in any language.
- The Large Language Model (LLM) interprets and executes transactions based on contextual knowledge.
- Coin Operated Agents directly execute transactions in human-readable form, eliminating the need for translation to machine code.
- Limitations include the need for determinism and potential difficulties with mixed-language explorers and contract specification.
- However, the initiative makes smart contract programming more accessible and improves clarity on contract intent.
- Emin Gün Sirer emphasizes the potential of merging AI advancements with blockchain technology.
Main AI News:
The world of blockchain technology is about to witness a groundbreaking development, as Avalanche network’s CEO and co-founder, Emin Gün Sirer, unveiled their plans at the prestigious Avalanche Summit II 2023. The company is set to introduce a revolutionary blockchain powered by artificial intelligence (AI), known as Coin Operated Agents. This cutting-edge initiative will leverage Generative Pretrained Transformers models, commonly referred to as GPTs, to drive the blockchain’s capabilities to new heights.
Sirer identified a critical challenge plaguing the blockchain industry—the verification of smart contracts. While these contracts are relatively easy to create, they pose a significant hurdle when it comes to readability and interpretation. Sirer expressed, “They are easy to write but are incredibly hard to read and parse.” This lack of clarity often leads to rug pulls and theft, with malicious actors exploiting hidden vulnerabilities within smart contracts.
A key aspect Sirer highlighted was the inherent language barrier within smart contract development. Typically written in solidity, a programming language specific to the blockchain, smart contracts often require auditing to ensure their correctness. However, this process relies on human auditors who manually inspect the code for any deviations from the intended functionality. Sirer emphasized the need for a more comprehensive approach, one that delves into the core principles and rectifies errors from their roots.
“The errors stem from disparities between layers,” explained the CEO. “The intent doesn’t align with the code, the code doesn’t match the bytecode, and ultimately, the bytecode fails to fulfill the user’s expectations. This lack of cohesion between layers is the crux of the problem.”
To tackle this challenge, Sirer proposed an innovative solution. Rather than relying solely on traditional academic knowledge, he suggested constructing smart contracts using an entirely new architecture that seamlessly integrates advancements in artificial intelligence, machine learning, and large language models, including GPTs. This groundbreaking approach, aptly named Coin Operated Agents, represents a paradigm shift in smart contract development while remaining fully compatible with the Avalanche blockchain.
“The concept revolves around harnessing recent breakthroughs in AI and leveraging its potential to transform the blockchain landscape,” stated Emin Gün Sirer confidently. By merging the immense capabilities of AI with blockchain technology, Coin Operated Agents have the potential to revolutionize the way smart contracts are built and executed.
Sirer further expressed his optimism, emphasizing that the advancements witnessed in the AI space can seamlessly merge with the blockchain ecosystem. With the introduction of Coin Operated Agents, the blockchain industry is set to benefit from the powerful tools and technologies that AI brings to the table.
Emin Gün Sirer, the visionary CEO behind Coin Operated Agents, shed light on the revolutionary blockchain’s operational framework. This groundbreaking blockchain stands apart from its counterparts, as its structure comprises a genesis block followed by blocks containing free-form transaction types.
These transactions are signed by public keys and encompass arbitrary textual inputs, eschewing the rigid input-output fields commonly seen in EVM transactions, Bitcoin transactions, or exchange transactions. Instead, they embrace a flexible and unrestricted format, allowing for transactions in any language.
For instance, a transaction could read, “I give 5 AVAX to this address,” and the interpretation of the transaction will be left to the Large Language Model (LLM) at the core of the system. By leveraging the context built into the LLM during its training period, the required common sense for executing these contracts has already been assimilated. The accumulated knowledge within the LLM serves as a crucial foundation for executing contracts indefinitely, providing an astounding capability.
Coin Operated Agents operate without the need for translation into machine-executable code. Instead, they directly execute transactions in their original human-readable form, with AI interpreting interactions in any human language. This approach eliminates the requirement for bytecodes or programmers, allowing program specifications to be written in users’ native languages. It’s akin to having an intelligent executor, an astute agent that has consumed a wealth of human knowledge available in digital form.
However, while this new initiative opens up new avenues for smart contract programming, it does come with certain limitations. Sirer stressed the need for determinism, which involves having a deterministic LLM that evolves rapidly and utilizes a standard random beacon when necessary. Navigating explorers that mix multiple languages may present challenges, and specifying contracts in a human language could prove remarkably difficult. As Sirer candidly put it, “There will be spectacular failures, and billions will be lost.”
Nonetheless, the advantages of Coin Operated Agents are substantial. They make smart contract programming significantly more accessible, enabling users to gain a clear understanding of a contract’s complete intent. This transparency has the potential to minimize misunderstandings and mitigate risks.
Conlcusion:
The introduction of Coin Operated Agents, an AI-powered blockchain solution by Avalanche, signifies a significant development in the market. This innovative approach has the potential to revolutionize smart contract programming by leveraging artificial intelligence and large language models. By addressing the challenges of verification, readability, and interpretation in smart contracts, Coin Operated Agents can enhance transparency and accessibility for users.
This advancement paves the way for a more secure and efficient blockchain ecosystem, where the integration of AI technologies brings new opportunities and unlocks the full potential of decentralized systems. As the market embraces this transformative solution, it is poised to witness substantial advancements in smart contract development and execution.
