<\/p>\n
The move aims to address rollup hacks.<\/p>\n
all the The Ethereum Foundation wants to stave off hacks by using Artificial Intelligence (AI), according to one of their main researchers.<\/p>\n
\u201cRollup hacks in the tens of billions [of dollars] is a top systemic risk for Ethereum<\/a>,\u201d said Justin Drake<\/a>, one of Ethereum\u2019s leading developers, referring to the layer-2 scaling solutions that bundle transactions and help reduce network congestion and high fees. \u201cWe want to use AI to identify catastrophic vulnerabilities that could lead to such zk-rollup hacks.\u201d<\/p>\n AI can help Ethereum researchers find bugs and potential exploits at a time when the codebase of Ethereum-based chains becomes increasingly complex as new technologies, including zero-knowledge proofs, are implemented.<\/p>\n Zero-knowledge<\/a> (ZK) rollups are scaling solutions that use the minimum data needed to verify transactions on blockchains like Ethereum.<\/p>\n Drake told The Defiant \u201cwe hope to derisk zkEVM implementations as zk-rollup progressively remove training wheels,\u201d adding that AI could be a fantastic tool to accelerate automatic bug finding of SNARK circuits, referring to \u201cSuccinct Non-Interactive Argument of Knowledge\u201d\u2013a term for cryptographic proof that allows one party to prove it possesses certain information without revealing that information<\/p>\n While hacks in crypto are declining, they continue to drain hundreds of millions of dollars from the blockchain ecosystem. Hackers stole $336 million in crypto in the first quarter this year, a 23% drop from the same time last year, according to the latest report<\/a> by Web3 security firm ImmuneFi.<\/p>\n The firm also reported that Ethereum surpassed BNB Chain as the most targeted network by attackers, and that 100% of exploits took place in DeFi. There is currently $55 billion of assets held in DeFi on Ethereum, according to DeFiLlama, an attractive target for hackers.<\/p>\n With these numbers, along with the increasing number of users coming on chain, adopting additional tools like AI to protect users can\u2019t come soon enough.<\/p>\n There’s actual substance<\/a> behind the mashup between crypto and AI, experts say. Tokens at the intersection of the two have ballooned<\/a> from $9.2 billion in Dec. 2023 to $20 billion today, led by Render<\/a> and Bittensor<\/a>, just two of a plethora of AI-crypto assets in the top 100 by market capitalization on CoinGecko.<\/p>\n Render is up<\/a> 225% in the past year, and trades for $7.82, with a market cap just over $3 billion. Bittensor\u2019s TAO token has enjoyed<\/a> even more success, surging 800% in the past year, trading for $408 and a $2.7 billion market cap.<\/p>\nCrypto Meets AI<\/h2>\n
Extra Set of Eyes <\/h2>\n