Leading Ethereum (ETH) and EVM-compatible blockchain block explorer Etherscan described how its users may read the smart contracts linked to any decentralised application (dApp) and what they can infer from this information.
ChatGPT-powered Etherscan Code Reader browses through smart contracts with no code
A revolutionary AI-powered tool from Etherscan called Etherscan Code Reader can provide all essential data regarding the potential of a given smart contract. The analyst merely has to know the domain name utilised by this or that app to begin scanning; they are not need to have coding expertise.
A user should consult the project’s documentation to learn the addresses of the smart contracts it depends on, as seen in a walkthrough supplied by Etherscan. Then, a potential user may learn a lot of useful facts by inputting it into Etherscan and switching to Code Reader mode.
In particular, he or she can examine the whole range of capabilities the particular contract has. Address-restricted functions in particular are essential for determining whether or not the contract is malevolent.
Then, a user may discover details about all actions connected to this smart contract, including as token transfers, redemptions, minting, and so on.
The team makes sure that the distribution of tokens among various addresses, the net transfer count, and the total unique sender and recipient numbers are all shown in the Etherscan interface in the form of charts.
How can I benefit from Code Reader?
This software can be useful in identifying a variety of criminal actions linked to bitcoin fraudsters. For instance, honeypot contracts, or tokens that you can only acquire but never sell, are now easily identifiable by everyone.
As previously reported by U.Today, honeypot scams rose to prominence in 2021–2022. Even “official” blue-label Twitter accounts endorsed some of them.
Additionally, users can now see who has the authority to limit activities with a certain token. Many teams of new “frog-coins” reserved the option to voluntarily block the addresses during a recent episode of meme currency hysteria.
