- Cortex is built on a new public chain called Cortex. - The chain includes AI algorithms that support smart contracts, which means anyone can use Cortex to add AI to their smart contracts. - It also creates an incentive mechanism for collective collaboration, allowing anyone to submit and optimize models in Cortex, while model contributors can also be rewarded. - The end result of Cortex, according to the whitepaper, is the creation of “artificial general intelligence”, or AGI, “being born on the Cortex”. - Cortex completed a private token sale in February/March 2018 for its CTXC tokens. - That funding round was led by Bitmain and FBG Capital, among other wellknown investors in the cryptocurrency space.Placing artificial intelligence systems on the blockchain isn’t a straightforward process. - However, Cortex will solve this problem by allowing machine learning researchers around the world to upload welltrained corresponding data models to the storage layer of the Cortex public chain. - Other users who need these AI models can make inferences using the models, then pay the person who developed those models. - At each inference, a full node synchronizes the model and the data from the storage tier to the local site. - Making an inference using Cortex’s unique virtual machine, or CVM, will synchronize the results to the whole network and then return the result. - Every time a user initiates a transaction on the Cortex, opens a #smart-contract , or performs an intelligence inference, the user will need to pay a certain number of “Endorphin” tokens.Endorphin is the pricing unit for transactions on Cortex. - However, the platform will have two tokens, including Endorphins and Cortex Coins CTXC. - The overall goal of Cortex is to provide stateoftheart machine learning models on the blockchain where users can infer using smart contracts. - Cortex also seeks to create a machine learning platform where users can post tasks on the platform or submit artificial intelligencebased decentralized apps.Cortex’s token sale began with a single private placement round. - That round took place from February 7 to March 7, 2018, during which tokens were sold at a price of 1 ETH = 1500 CTXC. - In March 2018, the company announced that it had reached its target cap of 40,000 ETH for 60 million CTXC, or 20.01% of the total token distribution. - FBG Capital and Bitmain were lead investors during the token sale. - CTXC tokens are ERC20 tokens on the Ethereum blockchain. - There’s a total supply of 299,792,458 tokens. - Of the total supply, 50.03% 150 million are reserved for Cortex coin miners as a mining reward, 24.95% 74,792,458 are dedicated to the project’s foundation from the genesis block including 15.01% to the Cortex Lab, 9.01% to project marketing, and 0.93% to challenge bounties, with the remaining 5% going to advisors, academia, and the community from the genesis block.Cortex aims to place advanced artificial intelligence systems on the blockchain. - The company recently completed a private investment round during its token sale for CTXC tokens in February/March 2018. - The next step is to roll out the Cortex public chain. - Key features of the platform include its smart AI contracts and its Cortex Virtual Machine, both of which allow for advanced AIbased smart contract programming..
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