Artificial Intelligence (AI) and machine learning technologies are constantly evolving and leading to revolutionary changes in various industries. However, these new technologies also face challenges. Currently, a large amount of data and processing power is required to reveal the true potential of AI and machine learning algorithms. This is where the Cortex (CTXC) blockchain platform comes in.
Cortex enables users to run AI and machine learning algorithms using blockchain technology. Users can then share the results of their work, supporting the development of the industry and projects. This allows users to achieve better results by harnessing the power of AI and machine learning algorithms. In this blog post of Zatrun.com, we will explore what Cortex is and how it works.
What is Cortex (CTXC) and How Does It Work?
Cortex is a platform that uses blockchain technology to enable the running and sharing of AI and machine learning algorithms. The platform is designed for Intel processors and allows users to achieve better results by harnessing the power of AI and machine learning algorithms. Within the platform, users can run AI-based algorithms and share their results, allowing for the sharing of data and processing power.
The project aims to reveal the true potential of AI and machine learning algorithms. It uses its own native cryptocurrency, CTXC coin, for transactions. Smart contracts are used to ensure the security of transactions. The ecosystem also serves as a special test network for testing and scaling AI and machine learning algorithms, making it possible to optimize and improve their performance.
Cortex has its own blockchain network, allowing users to write AI algorithms on the blockchain. Users can then send these algorithms to other smart contracts and trade them on the ecosystem. The platform provides a marketplace for the sale and purchase of algorithm codes. In this marketplace, a user can purchase an image generated by an AI algorithm, while another user can obtain prediction results generated by a machine learning algorithm.
Cortex also enables users to purchase processing power for running AI and machine learning algorithms, making it easier and more accessible to run and produce these algorithms. Also, the project provides users with databases for running algorithms. It offers a data marketplace where users can purchase or rent data sets.
What is CTXC Token?
CTXC is the native cryptocurrency of the Cortex ecosystem. With this altcoin, users can access many services and products within the ecosystem. The asset enables users to transact on the platform. Users can use CTXC coin to buy or sell outputs of artificial intelligence and machine learning algorithms on the platform. Additionally, CTXC serves as a payment method for purchasing or leasing computational power and data on the platform. Like Ethereum’s ETH, the cryptocurrency operates in a completely transparent and decentralized manner.
In addition to serving as a payment method, CTXC coin also enables users to earn money. For example, you can participate in the platform as a computational power provider with your computer. By providing the computational power that other users need, you can earn CTXC coins in return. Algorithm purchase and maintenance are also provided using the altcoin.
Is It a Good Investment?
The artificial intelligence industry is growing rapidly. This technology, which was once only the subject of science fiction films, is now starting to change the future completely. The recently popular artificial intelligence chatbot ChatGPT was proof of this. Many industries are now trying to renew themselves with AI, which is being used in many professions because it makes things much easier. Cortex, the topic of our article, aims to be part of this transformation.
Cortex is currently the 404th largest project in the market with a market cap of $47.4 million. CTXC coin, which reached its highest level at $2.34 in 2018, has been trading at low prices since then. You can currently buy the cryptocurrency for $0.25. It seems that a new development such as a partnership or feature announcement may be necessary for CTXC’s stagnant price movement to change.