Buy Cortex (CTXC)

What is Cortex?

Cortex is an open-source, peer-to-peer, decentralised blockchain platform designed to support Artificial Intelligence (AI) models being uploaded and executed on a distributed network. It aims to integrate AI into smart contracts, thereby enhancing decentralised applications (DApps) with AI capabilities.

How does Cortex work?

Cortex operates by using a unique virtual machine, known as the Cortex Virtual Machine (CVM), which is highly compatible with the Ethereum Virtual Machine (EVM) but includes additional functionalities for AI inference. It adopts a Proof-of-Work (PoW) consensus mechanism to secure transactions and validate the execution of AI-enhanced smart contracts. Additionally, Cortex utilises zkRollup technology through its ZkMatrix Layer 2 solution to improve transaction scalability and reduce fees.

What are the potential use cases for Cortex?

Cortex facilitates various applications across multiple industries by integrating AI with blockchain technology. Potential use cases include:

• Healthcare: Enhancing medical diagnostics and data analysis with AI models while ensuring data transparency through blockchain.
• Finance: AI-driven risk management, predictive modelling, and credit scoring.
• Gaming: Creating AI-enhanced interactive gaming experiences.
• NFTs and Crypto Markets: AI-generated NFTs and crypto market predictions, offering dynamic interaction with DeFi applications.

What is the history of Cortex?

Cortex was founded by Ziqi Chen and Weiyang Wang to address the challenge of integrating AI models into blockchain environments. The project conducted its ICO in 2018, launching significant test networks and introducing the AI Smart Contract TestNet the same year. Cortex has advanced its technology with updates like Cortex 2.0, focusing on the integration of AI in smart contracts. Furthermore, Cortex has formed strategic partnerships and secured investments, enhancing its technological base and market presence in the AI blockchain space.