Cortex (CTXC) Feed: Events, News & Roadmap

What is Cortex?

The Cortex project is a blockchain initiative that integrates AI algorithms with smart contracts on its novel public chain. This integration allows users to enhance their smart contracts with AI capabilities. Cortex also promotes a collaborative ecosystem by providing an incentive mechanism for individuals to submit and optimize AI models on the platform, aiming towards the ambitious goal of fostering the development of artificial general intelligence (AGI) on the Cortex blockchain.

Cortex’s operational mechanism is designed to solve the challenge of incorporating AI systems into the blockchain. It enables machine learning researchers globally to upload their trained data models to Cortex’s storage layer. Users who require these AI models can execute inferences using them and compensate the model developers accordingly. Inferences made on the Cortex blockchain involve synchronizing the model and data from the storage tier to the local site, utilizing Cortex’s unique virtual machine (CVM), and broadcasting the results across the network.

The Cortex project is supported by two types of tokens: Endorphins, which serve as the transactional pricing unit on Cortex, and Cortex Coins (CTXC), the primary cryptocurrency of the platform. CTXC tokens, which are ERC-20 tokens on the Ethereum blockchain, were initially offered during a private token sale in early 2018, led by notable investors like Bitmain and FBG Capital. The total supply of CTXC is 299,792,458 tokens, with a distribution plan that allocates a significant portion to miners as rewards, a portion to the project’s foundation, and a smaller percentage to advisors, academia, and the community.