Cortex is an innovative platform that operates on its own public blockchain, integrating artificial intelligence capabilities directly into smart contracts. This unique framework empowers users to incorporate AI functionality into their contracts, fostering an environment for collaborative development. Cortex promotes a community-driven approach where developers can submit and enhance AI models, receiving rewards for their contributions. The ultimate vision outlined in its whitepaper is the emergence of artificial general intelligence (AGI), envisioned to thrive on the Cortex network.
Integrating AI into blockchain systems presents various challenges; however, Cortex addresses this by enabling machine learning researchers globally to upload their trained data models onto the blockchain's storage layer. Users seeking these AI models can utilize them for inference and compensate the model creators accordingly. Each inference process involves synchronizing the model and data from the storage layer to a local environment. By leveraging the Cortex Virtual Machine (CVM), results are synchronized across the network before being returned to the user. Engaging with Cortex—whether initiating a transaction, launching a smart contract, or conducting an inference—requires the use of Endorphin tokens as a transaction fee.
Cortex operates with two types of tokens: Endorphins and Cortex Coins (CTXC). The overarching goal of the platform is to offer cutting-edge machine learning models on the blockchain, enabling users to perform inferences through smart contracts. Additionally, Cortex aspires to build a comprehensive machine learning ecosystem where tasks can be posted, and AI-driven decentralized applications can be submitted.
The initial token sale for CTXC began with a private placement from February 7 to March 7, 2018, where tokens were priced at 1 ETH for 1500 CTXC. By March 2018, Cortex successfully achieved its target cap of 40,000 ETH, distributing 60 million CTXC, amounting to 20.01% of the total token supply. The funding round saw participation from notable investors like FBG Capital and Bitmain. CTXC tokens are classified as ERC20 tokens on the Ethereum blockchain, with a total supply capped at 299,792,458. Of this supply, 50.03% (150 million) is allocated for mining rewards, while 24.95% (74,792,458) is reserved for the project's foundation, covering aspects such as development, marketing, and bounties. The remaining 5% is set aside for advisors, academia, and community initiatives.
Cortex is dedicated to advancing artificial intelligence on the blockchain, recently completing its token sale and moving forward with the launch of its public chain. Noteworthy features include smart AI contracts and the Cortex Virtual Machine, both pivotal in facilitating sophisticated AI-enabled smart contract development.
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