TL; DR
Full story
I’m not sure if you know this, but…
Coding is hard.
If you’re like us, you’ve tried coding with ChatGPT (with mild success).
Sometimes it works, sometimes it doesn’t – and unless you do Actually knows how to code, you won’t really know until it’s tested in the world.
That’s fine if you have one web3 focused AI chatbot…
But when it comes to coding smart contracts (also called snippets of code that automatically send cryptocurrency on your behalf when certain requirements are met), trial and error is not a luxury.
Because a bug in a smart contract can quickly lead to massive hacks.
Here’s a concept for you:
What if you didn’t have to write smart contracts in computer code, but could instead use plain language (the same way we write this email).
For example, a smart contract in simple language could look like this:
If Seb adds 1 ETH to Chevy’s wallet as a down payment for a loan, lend him 2 ETH at 10% interest per year (and throw a rock through his window if he misses a payment).
Okay, that last part is a bit long, but you get the idea!
Now – grab this:
Avalanche is working to develop just that: a system that, according to Emin Gün Sirer (founder of Ava Labs), “can be programmed in a natural language.”
That means there’s a future where you might be able to code web3 apps using your device’s speech-to-text feature.
Wild!
Bad news is: Emin thinks this technology is still ten years away…
Still, we love big, hairy, audacious goals like this.
That’s why it gets two emphatic thumbs up from us.