Cortex (CTXC) An AI Powered Cryptocurrency
Cortex intent to provide best AI powered cryptocurrency. Cortex applied machine learning models on the blockchain concept. Cortex is headquartered in Singapore, the main purpose of the project is to reshape the potential of Artificial intelligence and blockchain. It is powered by CTXC tokens.
Cortex blockchain provides a decentralized Artificial intelligence system which integrates AI models to the blockchain concept. As it is a decentralized artificial intelligent system, it will make AI technology available for smart contracts. It is a major revamp from other cryptocurrencies as no one can bring these two concepts together for full nodes. Now by creating an AI model compatible platform, users will be able to post tasks and submit models. And also make an inference by calling intelligent contracts. And users can also develop AI DApps (Decentralized artificial intelligence applications).
Why is Cortex different from others?
As it is based on Ethereum blockchain so it can run smart contracts technology efficiently but it is also able to run AI included smart contracts. Ethereum blockchain can only run smart contracts so here comes the idea of building an AI included blockchain and project Cortex was born.
Cortex uses its virtual machine, called the Cortex virtual machine (CVM) for computation. CVM is compatible with EVM, but CVM has an added advantage as it can allow smart contracts to run on full nodes with complex AI computation as this was a hefty load on CPU.
Cortex uses smart AI contracts it permits users to use machine learning programs on the blockchain and submit interactions that are reliant on other contracts. At the point when a user initiates a transaction to a contract, the full node needs to execute the code of smart contract. The difference between cortex and an ordinary smart contract is that it may involve inference instructions, and then all the nodes of the system need to agree on the result of the inferred direction.
Cortex (CTXC) trading
Many mainstream crypto exchanges now allow trading cortex. For the trading users of cryptocurrency, the cortex is listed on various trading websites. With these websites, you need to sign up to trade cortex.
List Of Crypto Exchanges That Trade Cortex (CTXC)
• bitgogo EXCHANGE
• Japanese Blockchain
Being a new player in the market Cortex has received positive feedback from users. And it is doing very well in the market. Since it’s a new token, so it is expected to meet many ups and downs before it can establish itself as a long-term solution for users.
As of today on May 17, 2018, its market cap is approx USD 244 million. And it is trading at USD 1.67 and it is gaining momentum from past few days, and it is expected to reach $5 by the end of second quarter of 2018. It’s an outstanding achievement for a relatively new cryptocurrency.