Cortex is one of the few platforms that have successfully integrated Artificial Intelligence into decentralized applications on blockchain technology. Ethereum virtual machines have been less receptive towards AI owing to compatibility challenges. However Cortex aims to solve the challenges of AI and smart contract compatibility. Cortex developed the Cortex Virtual Machine (it utilizes the GPU rather than the CPU). Cortex blockchain has developed an infrastructure to allow machine learning models to interact with the blockchain. According to the whitepaper of Cortex the aim of the native token CTCX is to become more receptive towards integrating better AI models into its framework.
|Launch Date||March, 2018|
|Founder||Ziqi Chen and Jia Tian|
|Blockchain Protocol||Ethereum blockchain|
|Circulating Supply||208,504,514 CTXC|
|Consensus Method||Proof of Stake|
The Cortex blockchain was founded by Ziqi Chen and Jia Tian. Ziqi Chen is the co-founder of a mobile crypto mining firm called waterhole.io. Chen has experience in mining, computing and digital wallets and a deep understanding of mining devices, consensus algorithms and public blockchain ecosystem. Weiyang Wang on the other hand has a plethora of experience in game theory and statistical machine learning. He is a National Mathematics Contest winner and Kaggle Contest silver medalist. He is also a certified FRM and CFA Level II candidate and has won the 2017 Dorahack Hacking Marathon. He led a team in creating the ABS (Asset-Backed Securities) system prototype, based on the IBM Hyperledger blockchain.
As a standalone public blockchain built on Ethereum, Cortex allows developers to run existing smart contracts as well as contracts bundled with AI. The blockchain also allows developers to write machine learning programs that can interact with blockchain. The framework allows development of an AI Smart Contract. The native token CTCX is used to pay transaction fee on the Cortex blockchain. This fee is called Endorphins which is usually equivalent to Ethereum gas fee.
Now that we have taken a walk down the workings of the Cortex blockchain, here are some of the use cases:
Cortex Virtual Machine: The Cortex Virtual Machine (CVM) allows developers to write machine learning algorithms and AI models that are compatible with Ethereum Virtual Machine.
Incentive Mechanism: Developers across the globe can upload their AI model and mechanism on Cortex for others. These AI contributors receive incentives whenever other developers in the ecosystem use their AI framework and code.
CORTEX (CTCX) PRICE ANALYSIS
Cortex (CTCX) was trading at ₹22.96 at the time of writing. The 24 hour volume of CTCX clocked at ₹1,653,453,796. The RSI of Cortex is below 50 indicating an underbought signal and the 200 day MA stood at 0.27478 with a strong buy pressure.
|Cortex (CTCX) Price Today||₹23.21|
|Price Change <Yearly>||NA|
|Market Rank (as per CMC)||392|
|Fully Diluted Market Cap||₹6,959,237,892|
If you are looking to buy a crypto asset that includes AI into its realm, Cortex (CTCX) could be a good fit. You can invest in CTCX through CoinDCX – India’s leading crypto exchange. To begin with, all you have to do is,
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