ChatGPT coded smart contracts is a large language model chatbot developed by OpenAI. It is capable of generating human-quality text in response to a wide range of prompts and questions, and it has been used to create a variety of applications, including chatbots, scripts, and even code.
However, a recent report from CertiK, a blockchain security firm, has warned that ChatGPT-coded smart contracts may be flawed and could “fail miserably” when attacked.
Smart contracts are self-executing contracts that are stored on a blockchain. They are used to automate a wide range of transactions, including financial agreements, supply chain management, and voting.
ChatGPT-coded smart contracts may be flawed
CertiK’s report found that ChatGPT-coded smart contracts are more likely to contain errors than smart contracts that are written by human programmers. This is because ChatGPT does not have the same level of understanding of blockchain technology and smart contract security as human programmers.
The report also found that ChatGPT-coded smart contracts are more likely to be exploited by attackers. This is because attackers are becoming more sophisticated and are developing new ways to exploit vulnerabilities in smart contracts.
Why ChatGPT-coded smart contracts are more likely to be flawed
There are a number of reasons why ChatGPT-coded smart contracts are more likely to be flawed:
- ChatGPT does not have the same level of understanding of blockchain technology and smart contract security as human programmers. This is because ChatGPT is a language model, not a blockchain expert.
- ChatGPT is not able to test smart contracts in the same way that human programmers can. This is because ChatGPT does not have access to the same tools and resources as human programmers.
- ChatGPT is not able to learn from its mistakes in the same way that human programmers can. This is because ChatGPT is a language model, not a machine learning model.
Why ChatGPT-coded smart contracts are more likely to be exploited by attackers
There are a number of reasons why ChatGPT-coded smart contracts are more likely to be exploited by attackers:
- Attackers are becoming more sophisticated and are developing new ways to exploit vulnerabilities in smart contracts. This is because the cryptocurrency market is growing and there is more money at stake.
- ChatGPT-coded smart contracts are more likely to contain errors than smart contracts that are written by human programmers. This is because ChatGPT does not have the same level of understanding of blockchain technology and smart contract security as human programmers.
- ChatGPT-coded smart contracts are not tested as thoroughly as smart contracts that are written by human programmers. This is because ChatGPT does not have access to the same tools and resources as human programmers.
What developers can do to avoid using ChatGPT-coded smart contracts
Developers can take a number of steps to avoid using ChatGPT-coded smart contracts:
- Only use smart contracts that have been written by experienced and qualified blockchain programmers.
- Have smart contracts audited by a reputable blockchain security firm.
- Test smart contracts thoroughly before deploying them to a production environment.
ChatGPT is a powerful tool that can be used to generate a variety of content, including code. However, it is important to be aware of the limitations of ChatGPT and to avoid using it to code smart contracts.
Smart contracts are complex pieces of code that can have a significant financial impact if they are flawed. It is important to only use smart contracts that have been written by experienced and qualified blockchain programmers and that have been audited by a reputable blockchain security firm.
