BlockAgent: Live Monitoring of Blockchains (AI Agents)

FetchAI
23 Feb 202401:27

TLDRBlock Agent is a cutting-edge, real-time blockchain observation platform that leverages AI agents to tailor monitoring of transactions and smart contract executions to user-specific needs. It currently supports Ethereum and Polygon networks, with plans to expand to Solana and other non-Ethereum chains. Users can deploy agents to track events like ERC 721 NFT transfers from specific projects, utilizing customizable filters. The system, still in testing, offers a pay-per-use model with a creation fee and allows agents to send real-time transaction data to a user-provided webhook URL, enhancing the monitoring and application of blockchain data.

Takeaways

  • 🚀 Block Agent is a real-time blockchain observation platform.
  • 🤖 It uses Fetch AI agents to monitor blockchain transactions and smart contract execution logs.
  • 🎯 Tailored to user-specific needs through agent templates and filtering options.
  • 📊 Currently supports Ethereum and Polygon networks, with plans to add Solana and other non-Ethereum chains.
  • 🔍 Users can deploy Web 3 agents to track specific blockchain events, like ERC 721 NFT transfers.
  • 🔧 Configurable options include chain type, event type, and smart contract addresses.
  • 🔎 Add filters to focus on transactions involving specific accounts.
  • 🧪 The system is still in testing and enables agent deployment through a pay-per-use model.
  • 💰 Each agent has a creation fee of 0.1 test fent.
  • 📤 Agents submit transaction data to a designated web hook URL in real-time.
  • 🔑 Provides detailed information like logs, parameters, and transaction receipt values.

Q & A

  • What is Block Agent?

    -Block Agent is a real-time blockchain observation platform that uses AI agents to monitor blockchain transactions and smart contract execution logs according to user-specific needs.

  • Which networks does Block Agent currently support?

    -Block Agent currently supports the Ethereum and Polygon networks.

  • Are there plans to support other networks besides Ethereum and Polygon?

    -Yes, there are plans to support Solana as well as other non-Ethereum chains.

  • How can users customize their monitoring with Block Agent?

    -Users can deploy Web 3 agents to track specific blockchain events, such as ERC 721 NFT transfers, by configuring options like chain type, event type, and smart contract addresses.

  • What additional filtering options are available to users?

    -Users can add filters to focus on transactions from or to specific accounts that they want to monitor.

  • Is Block Agent's system still in testing?

    -Yes, the system is still in testing and enables agent deployment through a pay-per-use model.

  • What is the current creation fee for each agent on Block Agent?

    -The creation fee for each agent is set to 0.1 test fent.

  • How do agents submit transaction data?

    -Once deployed, agents submit transaction data to a designated web hook URL provided by the user in real-time.

  • What details do the agents provide in the transaction data?

    -The agents provide details such as logs, parameters, and transaction receipt values.

  • How does Block Agent facilitate the use of blockchain transaction data?

    -Block Agent facilitates the monitoring and utilization of blockchain transaction data for applications by providing real-time, detailed transaction information.

  • Where can users find more information about Block Agent?

    -Users can find more information on Block Agent by checking out their Medium blog, as mentioned in the script.

  • How does Block Agent contribute to blockchain transparency?

    -Block Agent contributes to blockchain transparency by allowing users to monitor and analyze blockchain transactions and smart contract executions in real-time, providing a clear view of on-chain activities.

Outlines

00:00

🚀 Introducing Block Agent: A Real-Time Blockchain Observation Platform

Block Agent is a cutting-edge platform that leverages AI agents to monitor blockchain transactions and smart contract execution logs in real-time. It is designed to cater to users' specific needs through customizable agent templates and filtering options. Currently, Block Agent supports the Ethereum and Polygon networks, with future plans to include support for Solana and other non-Ethereum chains. An example use case involves deploying Web 3 agents to track specific blockchain events, such as ERC 721 NFT transfers from a particular project, by configuring chain type, event type, and smart contract addresses. Users can also set filters to monitor transactions involving specific accounts. The system, still in testing, operates on a pay-per-use model with a creation fee of 0.1 test fent per agent. Once deployed, these agents send transaction data to a user-provided webhook URL in real-time, including logs, parameters, and transaction receipt values, thus enhancing the monitoring and application of blockchain transaction data.

Mindmap

Keywords

💡blockchain

A blockchain is a decentralized, distributed ledger that records transactions across a network of computers in a secure and transparent way. In the context of the video, it is the foundation upon which Block Agent operates, allowing real-time monitoring and data collection for specific transactions and smart contracts.

💡real-time

Real-time refers to the immediate processing and display of data as it happens, without any significant delay. In the video, this concept is crucial for Block Agent's ability to monitor blockchain transactions and smart contract executions as they occur, providing users with up-to-date information.

💡AI agents

AI agents are software programs that use artificial intelligence to perform tasks autonomously. In the video, AI agents are used by Block Agent to fetch and process blockchain data according to user-defined parameters, making the monitoring process more efficient and tailored to individual needs.

💡smart contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They are a key feature of blockchain technology, allowing for trustless and automated transactions. The video highlights Block Agent's capability to monitor the execution logs of smart contracts, which is essential for tracking the outcomes of these digital agreements.

💡Ethereum network

The Ethereum network is a decentralized platform that runs smart contracts and applications using its native cryptocurrency, Ether (ETH). It is one of the most widely used blockchain platforms and is supported by Block Agent for monitoring transactions and smart contracts.

💡Polygon network

Polygon, formerly known as Matic Network, is a layer-2 scaling solution for Ethereum that aims to provide faster and cheaper transactions. It is another network supported by Block Agent, enabling users to monitor activities on this optimized blockchain.

💡web 3 agents

Web 3 agents, in the context of the video, refer to specialized AI agents designed for the decentralized web (Web 3.0), which includes blockchain technologies. These agents are deployed by users to track specific blockchain events, such as NFT transfers, in a decentralized and real-time manner.

💡ERC 721 NFTs

ERC 721 is a standard for non-fungible tokens (NFTs) on the Ethereum blockchain, which ensures that each token is unique and cannot be exchanged on a one-to-one basis like cryptocurrencies. NFTs represent digital assets like art, collectibles, or virtual real estate. The video uses the example of ERC 721 NFT transfers to illustrate the type of events that Block Agent can monitor.

💡pay-per-use model

A pay-per-use model is a pricing strategy where users are charged based on the actual usage of a service. In the case of Block Agent, this means that users pay a fee for each agent they create, which aligns the cost with the specific monitoring tasks they require.

💡web hook URL

A web hook URL is a URL that allows one application to provide real-time information to another application by sending a notification when a specific event occurs. In the video, Block Agent uses web hook URLs provided by users to send real-time transaction data, enabling users to integrate this data into their own systems or applications.

💡transaction receipt values

Transaction receipt values refer to the details of a blockchain transaction, including the transaction's success, the amount transferred, and other relevant data. These values are crucial for verifying the outcome of a transaction and are provided by Block Agent to users, facilitating a comprehensive understanding of the transactions being monitored.

Highlights

Block Agent is a real-time blockchain observation platform.

Utilizes Fetch AI AI agents for monitoring.

Customizable to user-specific needs.

Supports Ethereum and Polygon networks, with plans for Solana and others.

Users can deploy Web 3 agents for specific blockchain events.

Configurable with chain type, event type, and smart contract addresses.

Filters allow focusing on specific account transactions.

System is in testing with a pay-per-use model.

Creation fee for each agent is 0.1 test fent.

Agents submit transaction data to a designated web hook URL in real-time.

Data includes logs, parameters, and transaction receipt values.

Facilitates monitoring and utilization of blockchain transaction data.

More information available on their Medium blog.

Block Agent transforms blockchain transparency.

Medium blog post discusses Block Agent's transformative approach.

A link to the blog post is provided for further reading.

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