Cortex’s 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. One of Cortex’s goals also includes implementing a machine-learning platform that allows users to post tasks on the platform, submit AI DApps (Artificial Intelligence Decentralized Applications).
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.
Cortex indicates they can improve 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.
Cortex Coin Token
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 7 2018 to March 7, 2018. Cortex sold coins totaling 40,000 ETH for 60 million CTXC tokens sold. (About $20 million).
In 2018 Cortex will be launching the ERC20 token. Cortex will be listed in different mainstream exchanges and they will launch the Testnet for mining.
Cortex wants to be one of the leaders in the field of machine learning on the blockchain.
Cortex White Paper
In the current blockchain world, the chain of built-in Turing Complete smart contracts is widely used, attracting a large number of application developers. However, due to the high cost of over-idealized World Computer concept, smart contracts limit their capabilities at design stage and do not fully exploit Turing Complete immense computational potential. As a result, developers are limited to write short programs and access only a very small amount of resources. While the proliferation of common smart contracts depends on the performance gains of new technologies, some extremely useful routines can be introduced ahead of time and can be applied with reasonable optimization and hardware support. This article describes a new public chain, Cortex. By revising and extending the instruction set, Cortex adds AI algorithms support for smart contracts so that anyone can add AI to their smart contracts. At the same time, Cortex has proposed an incentive mechanism for collective collaboration that allows anyone to submit and optimize models in Cortex, and the contributors to the models can be rewarded. Just as what’s happening in some areas, thanks to Cortex’s openness and sharing features, Cortex is set to create many models that transcend human capabilities. At the same time, as a social experiment, we also look forward to the Artificial General Intelligence (AGI) being born on the Cortex.
Cortex virtual machine
Cortex has its own Virtual Machine, called the Cortex Virtual Machine (CVM). The CVM instruction set is fully EVM compatible and has support for inference instructions.
Smart AI Contract
Cortex allows users to write machine-learning programs on the blockchain and submit interactions that are dependent upon other contracts.
Full Cortex Disclaimer
The sale (“Token Sale”) of the Cortex Coin (“Cortex Coins”), the exchange medium for participants on the Cortex platform as detailed in this whitepaper (the “Whitepaper”) is only intended for, made to or directed at, only certain persons. Moreover, this Whitepaper is not a prospectus or offer document of any sort and is not intended to constitute an offer of securities of any form, units in a business trust, units in a collective investment scheme or any other form of investment, or a solicitation for any form of investment in any jurisdiction. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. This Whitepaper has not been registered with any regulatory authority in any jurisdiction.
By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to Cortex Labs Pte. Ltd. (Singapore Company Registration No.: 201803307C) (the “Project Company”) and NeoCortex Global Limited (BVI Company No.: 1967270) (the “Token Issuer”) that:
(a) you are not located in the People’s Republic of China and you are not a citizen or resident (tax or otherwise) of, or domiciled in, the People’s Republic of China;
(b) you are not located in the United States of America and you are not a citizen, resident (tax or otherwise) or green card holder of, or domiciled in, the United States of America unless you are a U.S. Qualified Person (as defined herein);
(c) you are not located in a jurisdiction where the Token Sale is prohibited, restricted or unauthorized
in any form or manner whether in full or in part under its laws, regulatory requirements or rules;
(d) you agree to be bound by the limitations and restrictions described herein; and
(e) you acknowledge that this Whitepaper has been prepared for delivery to you so as to assist you in making a decision as to whether to purchase the Cortex Coins.