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To compare Openai’s Chatgpt with its usual security procedure, Crypto exchange Coinbase examined it as a tool for token verification. But, it also failed to identify several high-risk assets. In more than half of the situations, the AI platform generated conclusions identical to the manual evaluation.
Chatgpt Approves 5 High-Risk Tokens, Coinbase May Use It for Secondary Control
Digital asset exchange Coinbase has tried the artificial intelligence (AI) chatbot developed by Openai to conduct automated token reviews. The American trading platform claimed that even if Chatgpt wasn’t precise enough to be added immediately to its asset review procedure, it had enough promise to warrant further examination.
The experiment is a part of Coinbase’s attempts to examine token contracts efficiently and effectively before choosing whether to list the assets. The exchange emphasised that its Blockchain Security team makes use of house-developed automation technologies to assist security engineers in examining ERC20/721 smart contracts and described the AI endeavour, saying:
With the emergence of ChatGPT by OpenAI and the buzz around its ability to detect security vulnerabilities, we wanted to test how well this would work as a frontline tool applied at scale rather than just a one off code reviewer.
According to Coinbase, “Chatgpt has demonstrated promise to help improve efficiency across a wide spectrum of development and engineering tasks.” The AI tool can also be used to improve code and spot flaws.
The top American cryptocurrency exchange undertook an experiment to evaluate the precision of a token security evaluation done by Chatgpt to a normal review done by a blockchain security engineer using internal tools. The chatbot had to be trained to recognise threats according to the platform’s security review criteria to generate similar risk scores.
The researchers contrasted the risk assessments of 20 smart contracts between a manual security examination and Chatgpt. While the AI tool consistently generated conclusions identical to the manual assessment in 12 cases, five of the eight errors involved Chatgpt mislabeling high-risk assets as low-risk. The exchange stated in a blog post that “underestimating a risk score is significantly more hazardous than overestimating.”
Coinbase claims that despite this “worst case failure” and the tool’s propensity for uneven responses, the efficiency of the Chatgpt review has been exceptional when asked the same question again. The company anticipates that with additional prompt engineering, the tool’s accuracy can be increased.
According to Coinbase, the bot cannot be solely relied upon to conduct a security evaluation. But, it also noted that a “good first use case for the tool would be to serve as a supplemental QA check” if its team successfully improves accuracy. That implies that its engineers might use it to do additional control checks to find dangers that might have gone unnoticed.
In light of the rising popularity of AI applications, Openai’s Chatgpt platform has received attention this year. The biggest cryptocurrency exchange in the world, Binance, announced the opening of a brand-new non-fungible token (NFT) platform earlier in March.
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