What is the Cortex project? (CTXC)

This guide includes details on the future of the CTXC coin, its project and where it can be bought and sold, starting with what is the Cortex project.

  • Founder and year of establishment: Ziqi Chen / 2017
  • Blockchain: Own blockchain
  • Total supply: 299 million
  • Circulating supply: 187 million
  • Market cap: $72,781,361 (December 9, 2021)
  • Lowest price: $0.03413
  • Highest price: $2.41
  • Project purpose: Cortex to improve machine learning with Proof of Work consensus by incorporating AI algorithms and AI-powered dApps into the blockchain.
  • Uses: Artificial intelligence industry

Cortex Project

In the current conditions to run machine learning programs on the traditional blockchain, it looks very difficult due to the virtual machine being extremely inefficient when running any non-trivial machine learning models. Therefore, most people think it is impossible to run AI on the blockchain.

Cortex thinks it will address this issue with an open-source, peer-to-peer, decentralized blockchain that supports Artificial Intelligence (AI) models to be loaded and executed on the distributed network. Cortex provides an open source AI platform to achieve AI democratization where models can be easily integrated into smart contracts and decentralized applications (DApps) that enable AI can be created.

Researchers working in the field of machine learning from all over the world can upload trained relevant data models to the storage layer of the Cortex Intelligent Inference Framework. Then, those who want to use artificial intelligence models can make inferences through modules. And in return it can pay the providers of these modules.

There are also Cortex Inference Consensus Criteria. When a user initiates a transaction with a contract, the full node must execute the code of the smart contract. Unlike regular smart contracts, Cortex’s AI smart contracts can contain inference instructions. As a result, all nodes must agree.

The core technology of the Cortex blockchain is the Cortex Virtual Machine (CVM); CVM is ported from the Ethereum Virtual Machine (EVM) and is backwards compatible with EVM with added layers for artificial intelligence inference. (reveals instructions and deterministic inference engine).

Cortex Founders

Its CEO, Ziqi Chen, holds a Master’s degree in both civil engineering and machine learning. And he is the co-founder of Waterhole.io. CTO Weiyang Wang holds a Master’s degree in Statistics. And he is a certified financial risk manager with experience and interest in cryptography and deep learning. Blockchain chief engineer Yang Yang holds a master’s degree in computer science. He has experience with blockchain and cryptocurrency. And he is the other co-founder of Waterhole.io.

What is CTXC coin?

CTXC is the token on the Cortex blockchain. The special round for the token sale started on February 7 and lasted until March 7. And the tokens were sold at 1 ETH for 1,500 CTX. This was followed by the public token sale, which ended in March when the target limit was reached. It sold 60 million CTXC with a contribution of 40,000 ETH, accounting for 20.01 percent of the total token distribution. Leading investors at the time of the sale were Bitmain and FBG Capital.

The total token supply is 299 million. Its circulating supply is 187 million. 150 million or 50.03 percent of this will be used as a reward for CTXC miners. 74 million of which, or 24.95 percent, is reserved for the foundation of the project. This total figure includes 0.93 percent of awards, 9.01 percent of project marketing and 15.01 percent for Cortex Lab.

The mining reward in CTXC is halved every 4 years, similar to the Bitcoin halving program. The total mining reward is 150,000,000 CTXC, providing a total cap of 299,792,458 CTXC. CTXC’s mining process will take place over 20 years.

The future of CTXC coin?

Cortex; It stands in a very important place as it allows users to overwrite the blockchain with machine learning programs with its smart artificial intelligence contract. It is also able to offer interactions through these smart AI contracts that depend on other contracts, adding a layer of complexity. It can be said that CTXC coin is the future with artificial intelligence being more integrated into our lives in the near future and the usage areas of cryptocurrencies shifting here.

Where to get CTXC?

While the token saw its highest price at $ 2.41 in 2018, it experienced its lowest level at $ 0.03413. CTXC; In addition to giant exchanges such as Binance, Bithumb, Huobi, it can also be bought and sold on relatively smaller crypto money platforms such as MEXC, OKEx, CoinEx.

Click here to buy CTXC and get 20% commission discount from Binance for Sincecoin readers!

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