What is Cortex (CTXC)? A comprehensive guide
Cortex is an AI platform designed to streamline data processing, analysis, and decision-making, empowering businesses to harness the power of their data efficiently.
What is Cortex?
Cortex stands as a public blockchain intertwining Artificial Intelligence algorithms, facilitating smart contracts with AI integration. Developers can infuse AI into their smart contracts, fostering a decentralized machine-learning realm termed AI-DApps. Cortex's off-chain AI-training submission interface complements its unique Cortex Virtual Machine (CVM), seamlessly compatible with Ethereum's VM.
Additionally, a storage layer accommodates machine-learning researchers to upload their models. Developers seeking these models can access them, compensating the creator. The overarching objective is the amalgamation of Artificial Intelligence and smart contracts within an autonomous, intelligent ecosystem. CTXC serves as Cortex's native asset, utilized by users to remunerate machine-learning model providers. Users may opt for existing models or propose specific tasks for AI developers to tackle.
Distinguishing Cortex smart contracts from conventional ones is their ability to include inference instructions, unlocking novel functionalities for smart contracts and decentralized applications.
Presently, CTXC operates as an ERC20-placeholder token, slated to transition to Cortex Coins at a 1:1 ratio upon mainnet launch, with ERC20 tokens being burned. Cortex Coins issuance will halve every four years, akin to BTC's supply dynamics.
History
The team boasts esteemed members with extensive expertise in the realms of AI and information technology. CEO Ziqi Chen, holding multiple M.S. degrees, brings significant experience in machine learning. Weiyang Wang, serving as CTO, holds an M.S. in Statistics and possesses a background in FinTech.
Hailing from Singapore, the entire team originates from scientific backgrounds, reflecting a high level of proficiency. An ICO conducted in February 2018 amassed a total of $34,870,400 USD, with each CTXC priced at $0.58 USD. Half of the total token supply was made available for sale. Notable early investors include Bitmain, FBG Capital, Huobi Capital, and Blockwater Capital, among others.
Is it possible to mine Cortex?
Certainly, Cortex operates on a Proof-of-Work basis, utilizing the Cuckoo Cycle PoW mining algorithm. This setup holds the potential to enable transaction validation using mobile devices down the line.
How does Cortex distinguish itself from other cryptocurrencies?
Cortex's distinctive trait lies in its fusion of Artificial Intelligence and smart contracts, aiming to establish an intelligent, self-learning platform capable of hosting diverse decentralized applications. The integration of inference instructions into smart contracts unlocks a plethora of novel possibilities, fully leveraging the potential inherent in smart contracts.
What are the total and circulating supplies?
The current total supply of CTXC stands at 299,792,458, with a circulating supply of 149,792,458 CTXC as of the time of writing.
Where can one purchase Cortex (CTXC)?
CTXC is available for purchase on various cryptocurrency exchanges, including prominent platforms like Huobi and OKEx.
Is it possible to exchange Cortex (CTXC) for cash?
Currently, direct cash sales of CTXC are not feasible. To convert CTXC into cash, you must first exchange it for BTC or ETH, then sell the BTC or ETH for cash.
Prospects for future advancements
The Cortex team is diligently focused on rolling out the mainnet, slated for Q2 2019, with mining testnet and AI testnet expected in Q3 of the same year. While still in its nascent stage, the project already boasts an online Proof-of-Concept (PoC), accompanied by a meticulously crafted and scientifically rigorous whitepaper. Development activities remain highly dynamic and proactive.
