Avalanche unveils AI-powered blockchain, coin-operated agents
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Avalanche network CEO and co-founder, Emin Gün Sirer at Avalanche Summit II 2023 revealed the network’s plans to introduce a new blockchain that will be powered by AI. The newly proposed avalanche blockchain, Coin Operated Agents, will work with GPTs- Generative Pretrained Transformers models.
This new initiative was born out of one of the biggest problems in blockchain development, which Sirer referred to as ensuring the correctness of smart contracts; “They are easy to write but incredibly difficult to read and analyze,” he said.
He mentioned that some sources of carpet pulling and theft are because it’s kind of very deeply hidden in a subtle area of a smart contract. Sirer analyzed that smart contracts are not written in human language, typically solidity. The smart contract code is sent to an auditor for auditing. They try to check if the code matches the intended functionality. This process can be so much better when we understand from the first principles where the errors occur and look forward to fixing them.
According to the CEO, “The errors arise from the difference between the layers, the intent doesn’t match the code, the code doesn’t match the bytecode, the bytecode doesn’t get to do what the user usually wants them to do. That’s the problem, lack of connection between these layers .”
Instead of using traditional academic knowledge, Sirer introduced the idea that smart contracts can be built in a completely different way on a new architecture that remains compatible with Avalanche.
“The idea is a brand new architecture that builds on recent advances in artificial intelligence, machine learning and large language models that includes GPTs and integrates them into the core execution engine of the blockchain. This brand new architecture is called Coin Operated Agents,” Emin Gün Sirer.
AI comes with tools that are practically big enough and good enough for some interestingly good users. These developments in the AI space can be transported into the blockchain space, Sirer said.
Coin operated agents: How it works
According to Sirer, it is a new type of blockchain where the chain consists of a genesis block followed by blocks containing free-form transaction types signed by public keys containing arbitrary text input.
The transactions in the chain will not have rigid inputs and will not resemble EVM transactions, Bitcoin transactions or exchange transactions, they will not have rigid input-output fields. On the contrary, they want free text in all languages. For example “I give 5 AVAX to this address” and the interpretation will be left to the LLM.
Furthermore, each validator will only have to keep track of one data structure. The CEO expressed, “The amazing fact is that by the context built into the LLM, the common sense required to execute this contract has already been absorbed.” Using an LLM, the calculations built during the training period demonstrate the knowledge required to execute the contract forever, he said.
Coin-operated agents do not perform any translation into machine-executable code, but instead actually perform directly where interaction can be in any human language interpreted by the AI in its original human-readable form.
Moreover, the new initiative does not require byte codes or programmers. “We all get to write program specifications in our native language,” he said. “It’s like having a smart executor, a smart agent, that has been bred and has consumed all human knowledge available in digital form,” he added.
Possible limitations of the new initiative
Sierra emphasized that determinism is necessary, that is, having a deterministic LLM that will evolve quickly and use a default random beacon if necessary. In addition, explorers who mix languages will be difficult to follow, and specifying contracts in a human language will be remarkably difficult. “There will be spectacular failures, billions will be lost,” he said.
Although there are limitations, benefits include that coin operated agents will make smart contract programming much more accessible and users will have clarity on the full intent of a smart contract.
Ultimately, he said, the LLM subnet is an experiment Avalanche can’t afford not to carry out.
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