Cortex is built on a new public chain called Cortex, which includes AI algorithms that support smart contracts. This allows anyone to use Cortex to add AI to their smart contracts. The chain also creates an incentive mechanism for collective collaboration, enabling users to submit and optimize models in Cortex, while model contributors can be rewarded. According to the whitepaper, the end result of Cortex is the creation of “artificial general intelligence”, or AGI, on the Cortex platform.
What makes Cortex unique?
Cortex solves the problem of placing artificial intelligence systems on the blockchain by allowing machine learning researchers to upload well-trained data models to the storage layer of the Cortex public chain. Users who need these AI models can make inferences using the models and pay the person who developed them. The Cortex Virtual Machine (CVM) synchronizes the model and data from the storage tier to the local site, making an inference and returning the result to the whole network.
What’s the history of Cortex?
Cortex completed a private token sale in February/March 2018 for its CTXC tokens, led by investors such as Bitmain and FBG Capital. The token sale took place from February 7 to March 7, 2018, with tokens sold at a price of 1 ETH = 1500 CTXC. The company reached its target cap of 40,000 ETH for 60 million CTXC, representing 20.01% of the total token distribution.
What’s next for Cortex?
Cortex aims to place advanced artificial intelligence systems on the blockchain. Following its private investment round and token sale, the next step is to roll out the Cortex public chain. Key features of the platform include smart AI contracts and the Cortex Virtual Machine, allowing for advanced AI-based smart contract programming.
What can Cortex be used for?
Cortex provides state-of-the-art machine learning models on the blockchain, enabling users to infer using smart contracts. The platform also allows users to post tasks or submit artificial intelligence-based decentralized apps. Each transaction, smart contract, or intelligence inference on the Cortex platform requires a certain number of “Endorphin” tokens.
