CTXC

1. Project introduction

Cortex is a decentralized world computer capable of running AI and AI-powered dApps on the blockchain. Cortex has built a blockchain whose virtual machine (CVM) utilizes the GPU, which can execute AI programs on-chain, and is compatible with the EVM. In other words, the Cortex chain can execute all the Ethereum Dapps, and on top of that, incorporate machine learning into these Dapps. Instead of a black box, we can run ml models on the blockchain in a decentralized, immutable, and transparent manner − network consensus verifies every step of the AI inference.

Besides Dapp developers, users, and miners, Cortex brings a new relevant party into its blockchain ecosystem: AI developers. AI developers upload trained machine learning models onto the storage layer of the Cortex chain. These models can later be either inferred on their own or incorporated into smart contracts by Dapp developers. Each time an AI model is called, it's model uploader gets rewards in CTXCs, coming from a part of the network transaction fees. This mechanism incentivizes AI developers to train and upload better models, leading to an evolving decentralized AI ecosystem; good models are openly distributed on the Cortex blockchain instead of being monopolized by a few big corporations.

2. Team introduction

Founder: Ziqi Chen

3. Application

CTXC is the native token used within Cortex. It is used to pay for computational resources within the CVM. Cortex charges a fee, per computational step that is executed in a contract or transaction to prevent deliberate attacks and abuse on the Cortex network.