You may be used to hear the term ‘smart contracts’ and blockchain technology. At the same time, you have also heard how artificial intelligence works and how it is being implemented in many different projects. But for sure, you have never heard about smart contracts and Artificial Intelligence working together.
Cortex is a public chain that is known as Cortex and that includes Artificial Intelligence algorithms that are able to support smart contracts. Cortex adds AI algorithms to support for smart contracts so that anyone can add AI to their smart contracts.
Furthermore, Cortex has a mechanism for collective collaboration that permits everyone to submit and optimize models in Cortez. Those users that will be contributing to the models will be rewarded for their work. Cortex has created and developed something that is known as Artificial General Intelligence, also known as AGI.
How does Cortex Works?
Cortex main mission is to provide the state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex Blockchain. Moreover, Cortex wants to implement a machine-learning platform that would allow users to post tasks on the platform and AI DApps.
Cortex will provide a submission interface for training off-chain. At the same time, it will include the introduction-interpreting virtual machine for models. This will create a bridge between computing power and algorithm providers for trading and for collaborations.
The Cortex Interference Consensus Criteria works as follows:
“When a user initiates a transaction to a contract, the full node needs to execute the code of the smart contract. The difference between Cortex and ordinary smart contracts is that intelligent contracts may involve interference instructions, and all the nodes need to agree on the result of this inferred result.”
An example that Cortex uses is with Cryptokitties. Interactions between pets on Cryptokitties running on Ethereum can be dynamic, intelligent, and evolutionary. With the uploaded reinforcement learning model, given the smart AI contracts, users can easily achieve a variety of similar AI applications.
Who is Behind Cortex?
There is an important team of professionals that has important knowledge on the matter. The CEO it’s Ziqi Chen, he is the co-founder of Waterhole.io and he has a B.E. from Tsinghua Unviersity in Civil Engineering, and two M.S., one in Civil Engineering and another one in Machine Learning.
Weiyang Wang, is the CTO of Cortex and has also an important experience behind. He won the Fintech Hackathon, Dorahacks 2017. He has a M.S. in Statistics at the University of Chicago, and he has a B.E. in Aeropsace Engineering and Economics at Tshinghua University.
Other team members are Yang Yang, Blockchain Chief Engineer, Xiao Yan, Chief Deep Learning Engineer, Amy Chen, Operating Officer, and Wentao Tian, Senior AI & Blockchain Engineer.
There are other advisors that help Cortex have an incredible profile and better reputation in the ICO market.
The tokens that will be used on the platform are known as Cortex Coin (CTXC). The reward system will work as follows: each packaging block will not be paid just to miners, but in order to motivate developers to submit richer and better models, the reward will be distributed among the developers.
There are 299,792,458 CTXC tokens available, from which Cortex Coin Miners (mining reward) will have 150,000,000, investors (genesis block) will have 60,000,000, Project Foundation (genesis block) 74,792,458 and advisors, academia and community 15,000,000.
The token sale took place from February the 7th to March the 7th, 2018. During the last month, the company reached 40,000 ETH for 60 million CTXC tokens sold.
Some important investors in the company have been involved in the token sale. Among these we can mention FBG Capital and Bitmain, the important cryptocurrency mining enterprise.
Cortex is a new way to connect smart contracts with Artificial Intelligence. A new AI system that it is applied on the blockchain to smart contracts.
In 2018 they will be launching the ERC20 token, they will be listed in different mainstream exchanges and they will launch the Testnet for mining.
The goal of Cortez is to be one of the leaders in the field of machine learning on the blockchain. For new technologies that may be invented in the future, the Project Company will continue to innovate and integrate.