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Showing posts with the label smart contracts

Norwegian central bank uses Ethereum to build national digital currency

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The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated. The Central Bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s Central Bank digital currency (CBDC) sandbox. Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s official CBDC partner Nahmii said in a blog post. Nahmii stressed that the current version of the code does not support the major Ethereum wallet MetaMask by design and is only privately accessible by users with appropriate credentials. In addition to deploying the appropriate Smart Contracts and access controls, the Norges Bank sandbox includes a custom frontend and network monitoring tools like BlockScout and Grafana. The front end also shows a filterable summary of transactions on the ne...

ChatGPT won’t replace developers - ETHDubai devs weigh in

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The latest version of ChatGPT is able to identify Ethereum smart contract vulnerabilities and exploits - but will it replace developers in the future? The newest version of ChatGPT has caused a stir online, scoring high marks for SAT tests and highlighting vulnerabilities and exploits in Ethereum smart contracts. GPT-4 is the latest version of the highly influential artificial intelligence (AI) language model, boasting ‘human-level performance on various professional and academic benchmarks,’ according to its developer OpenAI. Aside from outstanding scores on a range of various professional and academic benchmarks, GPT-4 has also demonstrated the ability to review Ethereum smart contracts, highlighting vulnerabilities and even suggesting potential ways to exploit the code. I dumped a live Ethereum contract into GPT-4. In an instant, it highlighted a number of Security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I...