In the world of blockchain, where millions of dollars can hinge on a single line of code, the stakes are incredibly high. One vulnerability in a smart contract can open the door to catastrophic losses, and for Ethereum, the largest blockchain by value and active users, this is an ever-present risk. To address this challenge, Ethereum co-founder Vitalik Buterin has thrown his support behind a new approach: AI-assisted code audits.

Buterin believes that integrating AI into the code review process could revolutionise blockchain security; it offers a way to catch errors that might otherwise be missed, saving projects from costly exploits and strengthening the foundation of the entire Ethereum network. Developers and blockchain enthusiasts have rallied behind him in this Web3 and AI integration move.

So, what exactly are AI code audits, and how can they change the game for blockchain developers? Let's dive in.

What Are AI Code Audits?

At their core, AI code audits aim to do for developers what spell-checkers do for writers: catch errors early. Traditional code audits involve manual review, time-consuming processes, and, unfortunately, human error.

In an industry where a missed vulnerability can lead to massive financial consequences, relying solely on manual processes is increasingly considered a liability.

Why Now?

In 2023 alone, crypto users lost an estimated $2 billion to hacks and scams. Ethereum, being the largest blockchain by value and active users, bore the brunt, with over $1.35 billion vanishing in just 170 incidents.

The worst among these was the infamous $230 million exploit on the Multichain platform, an attack that highlighted just how vulnerable poorly audited code can be. Bugs in the code aren’t just mistakes—they’re openings, waiting for malicious actors to exploit.

Vitalik Buterin has long been wary of these security gaps. “Right now, Ethereum’s biggest technical risk probably is bugs in code, and anything that could significantly change the game on that would be amazing,” he tweeted earlier this year.

And his solution? AI-powered audits.

Solving Ethereum’s Bug Problem

Ethereum is an evolving ecosystem, with upgrades like the upcoming Dencun aiming to scale the network even further. But it’s not just about scaling; security is paramount. In a recent testnet, a bug in the Prysm client prevented the network from finalising for four hours. This bug was caught early, but it underscores how fragile the Web3 ecosystem can be.

By employing AI in code audits, developers hope to reduce the likelihood of such disruptions. Buterin envisions a system where AI works alongside human inspection, catching not only bugs that developers might miss, but also learning from the process to improve over time.

This combination of AI and human insight could be Ethereum's secret weapon in ensuring long-term stability.

How Does AI Code Auditing Work?

AI auditing works by analysing lines of code and scanning for vulnerabilities, inefficiencies, or logic errors. Using machine learning, AI can quickly adapt to new data, spotting patterns that manual audits or traditional tools might overlook. For example, AI systems can predict potential vulnerabilities based on historical data, allowing for more proactive fixes.  

Unlike static automated tools, which work off pre-set rules, AI can adapt, learning from new datasets and improving as it goes. Imagine being able to teach your AI auditor to predict vulnerabilities based on previous hacks or to recognise patterns that even an experienced human might miss.

Moreover, AI doesn’t tire or slow down under pressure. The sheer volume of data that needs to be audited—across various smart contracts and blockchain environments—makes AI a powerful ally.

Real-World Applications and Future Potential

Several projects have already begun testing AI in code auditing. TokenFi, for instance, is building a platform that integrates AI to assist in code reviews. In their early trials, they’ve found that AI can learn to identify zero-day vulnerabilities—new, previously unseen bugs that traditional tools would likely miss.

Another test by OpenZeppelin in 2023 used OpenAI’s GPT-4 to spot security issues in the Ethernaut, a Web3/Solidity-based wargame, successfully identifying vulnerabilities in 20 out of 28 challenges- though some levels required additional prompting.

The potential doesn’t stop there. AI's role in blockchain security could extend to automated vulnerability detection, real-time monitoring, and predictive risk assessment.

Automated detection allows AI to scan smart contracts and network activity for vulnerabilities, flagging risks early. With real-time monitoring, AI can track live transactions, spot unusual activity and intercept potential attacks as they happen. Predictive risk assessment analyses smart contract code to estimate its likelihood of being exploited, offering insights before deployment.

These advancements create a proactive approach to security, reducing risks before they can impact the network.

Learn more about aelf’s recent implementation of AI-based smart contract audits to enhance security.

Challenges Ahead

Of course, no technology is perfect, and AI is no exception. One significant concern is the potential for AI bias, where machine learning models could inadvertently prioritise certain outcomes over others, potentially missing vulnerabilities or flagging false positives based on biased data. This makes it essential for developers to ensure that AI models, in their blockchain integration, are trained on diverse and comprehensive datasets to minimise bias and improve accuracy.

Another major issue is the 'black box' problem, where AI systems make decisions that are not easily interpretable by human operators. This lack of transparency can be problematic when auditing code, as developers need to understand why certain vulnerabilities were flagged or decisions were made.

To address this, it’s crucial to integrate human oversight into the auditing process. Developers should be able to verify and cross-check AI's findings, ensuring that important decisions aren’t made blindly by automated systems.

Furthermore, AI models can sometimes ‘invent’ vulnerabilities that don’t exist, leading to unnecessary fixes and inefficiencies. This highlights the importance of developing robust AI models that are not only effective but also reliable in their detection processes. Ethical guidelines must also be established to ensure that AI is deployed responsibly, balancing its power with the need for transparency and human control.

In Closing

As the blockchain industry continues to evolve, security will remain one of its biggest challenges. With Ethereum at the forefront of this battle, AI-assisted code audits could offer a way to significantly reduce the risks posed by buggy smart contracts.

Vitalik Buterin’s vision of integrating AI into Ethereum’s security measures represents a forward-thinking approach that could set the standard for the entire blockchain industry.

Will AI be the tool that finally secures Ethereum's future? The signs seem to point to a yes.

aelf has since embraced artificial intelligence into its Layer 1 blockchain platform to enhance network performance, improve user experience, and simplify the building process for developers. With Web3 and AI integration in aelf's roadmap, it saw the introduction of an AI-powered smart contract audit tool, and machine learning models for smart contract optimisation. These ensure that smart contracts created by developers can go live with as few vulnerabilities as possible, replete with a function that helps minimise gas fees.

Till date, aelf has maintained a clean record of zero security breaches; the Layer 1 AI blockchain actively engages in comprehensive security audits, with the last round completed by top-tier security firm, CertiK.

For more details of aelf's security protocols as a Layer 1 AI blockchain, you may refer to this documentation.

‍

*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0.

Stay connected with our community:

Website | X | Telegram | Discord

‍

Back to Blog