The current price of Cortex is $0.13748. Over the last 24 hours, Cortex has decreased by -1.01%. It currently has a circulating supply of 228,486,291 CTXC and a maximum supply of 299,792,458 CTXC, giving it a fully diluted market cap of $31.42M. At present, the Cortex coin holds the 239 position in market cap rankings. The Cortex/USD price is updated in real-time.
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Cortex (CTXC) aims to bridge the gap between blockchain technology and artificial intelligence (AI) by allowing developers to work with on-chain machine learning (ML) models. Compatible with the Ethereum Virtual Machine (EVM), Cortex empowers smart contracts to harness the capabilities of AI, making them more adaptable to real-world data and signals without relying on off-chain oracles.
What is Cortex
Cortex offers a groundbreaking solution for developing and running AI-powered decentralized applications (dApps). Although AI innovation is advancing rapidly, concerns about centralization persist. Cortex addresses this by bringing ML and AI models to the blockchain, providing developers with easier access and integration with smart contracts. By doing so, Cortex aims to democratize AI, making valuable data more accessible, reliable, and transparent.
Cortex has recently integrated ZkMatrix, a Layer 2 scaling solution powered by zero-knowledge proofs (ZK-proofs). This integration is expected to significantly increase Cortex's transactions per second (TPS) and reduce network fees, further enhancing the platform's efficiency and usability.
The Cortex team
Cortex Labs is the driving force behind Cortex, the first and only public chain to support on-chain execution of AI models.
The ecosystem is led by a team of experienced professionals, with Ziqi Chen being the co-founder and acting CEO. The team also includes Jia Tian as the CTO, Amy Chen as the COO, and Yang Yang as the Chief Blockchain Engineer.
How does Cortex work
Cortex is a decentralized platform that offers seamless integration of machine learning (ML) models within its ecosystem. Once uploaded, ML models can be freely utilized, benefiting from the immutability of the blockchain, which ensures the integrity and reliability of the models. The platform employs the Cortex Virtual Machine (CVM), which facilitates the execution of AI-powered smart contracts.
To facilitate the usage of AI models, Cortex provides a storage layer where developers can securely store their models. These models can then be called by smart contracts as needed.
Developers are responsible for creating, training, or acquiring AI models for on-chain usage. Once the models are prepared, they need to be made compatible with Cortex and uploaded onto the chain. Developers can then create various smart contract-powered dApps and integrate specific AI capabilities. This can include features such as identifying contract breaches or non-compliance.
The Cortex blockchain employs the Proof of Work (PoW) consensus mechanism, with Endorphin serving as a full node and the mining client.
Cortex’s native token: CTXC
CTXC, the native token of the Cortex ecosystem, serves multiple purposes within the network. Firstly, it is utilized as a means of payment for accessing the network's bandwidth and resources. Users pay CTXC tokens to developers or model owners in exchange for utilizing their AI models in smart contracts or dApps. Moreover, CTXC tokens are used to incentivize and reward miners who contribute to the security and operation of the Cortex network, ensuring its robustness and integrity. By serving these purposes, CTXC fosters the efficient functioning and growth of the Cortex ecosystem.
CTXC tokenomics
CTXC has a fixed supply of nearly 300 million tokens. The tokens are distributed to various stakeholders in the ecosystem, including dApp developers, AI model developers, users, miners, and the team members who contribute to the project's development and growth.
The road ahead for Cortex
Cortex is dedicated to enhancing model and data privacy, making strides to facilitate transparent and secure AI and ML integrations within its ecosystem. The platform's primary goal is to establish a strong infrastructure that enables seamless integration of AI and ML technologies while maintaining a strong focus on data privacy and security.
In addition, Cortex actively seeks collaborations with various platforms. A notable example is their partnership with Thalamus, where Cortex powers the NFT gallery. Such collaborations exemplify Cortex's commitment to staying at the forefront of the industry, solidifying their position as a leading player in the space.
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Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 29 new posts about Cortex, driven by 26 contributors, and total online engagement reached 1.4K social interactions. The sentiment score for Cortex currently stands at 89%. Compared to all cryptocurrencies, post volume for Cortex currently ranks at 7488. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cortex.
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Posts
29
Contributors
26
Interactions
1,358
Sentiment
89%
Volume rank
#7488
X
Posts
15
Interactions
86
Sentiment
88%
Cortex FAQ
What is Cortex, and how does it work?
Cortex is an EVM-compatible blockchain that enables AI developers to seamlessly integrate AI and ML models into the decentralized blockchain ecosystem. By uploading their models to the Cortex chain in a compatible format, AI developers enable dApp developers to utilize these models within smart contracts and dApps, unlocking the potential of AI capabilities.
To enhance transaction speeds and reduce fees, Cortex offers a Layer 2 solution known as ZkMatrix. This solution aims to improve the overall user experience and scalability of the platform.
What are the advantages of using Cortex?
Cortex provides several advantages for developers seeking to enhance their smart contracts and dApps with AI capabilities. By leveraging Cortex, developers gain access to a wide range of credible AI models. The ecosystem promotes transparency and immutability, ensuring the integrity and reliability of the AI models utilized. Additionally, Cortex operates on a Proof of Work (PoW) consensus mechanism, enabling CTXC tokens to be mineable and serving as rewards within the ecosystem. This incentivizes network participants and supports the growth and development of the Cortex ecosystem.
Where can I buy CTXC?
Easily buy CTXC tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the CTXC/USDT trading pair.
Currently, one Cortex is worth $0.13748. For answers and insight into Cortex's price action, you're in the right place. Explore the latest Cortex charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cortex, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cortex have been created as well.
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Cortex Coin
Consensus Mechanism
Cortex Coin is present on the following networks: cortex_coin, ethereum.
Cortex operates on a Proof of Work (PoW) consensus mechanism, integrating AI processing into blockchain operations through its Cortex Virtual Machine (CVM). Core Components: Proof of Work (PoW): Miners solve computational puzzles to validate transactions and produce new blocks, securing the network. Cortex Virtual Machine (CVM): An enhanced version of the Ethereum Virtual Machine (EVM), designed to execute AI models on-chain. Deterministic AI Inference: Ensures that AI model executions produce consistent and verifiable results across all nodes in the network.
The Ethereum network uses a Proof-of-Stake Consensus Mechanism to validate new transactions on the blockchain. Core Components 1. Validators: Validators are responsible for proposing and validating new blocks. To become a validator, a user must deposit (stake) 32 ETH into a smart contract. This stake acts as collateral and can be slashed if the validator behaves dishonestly. 2. Beacon Chain: The Beacon Chain is the backbone of Ethereum 2.0. It coordinates the network of validators and manages the consensus protocol. It is responsible for creating new blocks, organizing validators into committees, and implementing the finality of blocks. Consensus Process 1. Block Proposal: Validators are chosen randomly to propose new blocks. This selection is based on a weighted random function (WRF), where the weight is determined by the amount of ETH staked. 2. Attestation: Validators not proposing a block participate in attestation. They attest to the validity of the proposed block by voting for it. Attestations are then aggregated to form a single proof of the block’s validity. 3. Committees: Validators are organized into committees to streamline the validation process. Each committee is responsible for validating blocks within a specific shard or the Beacon Chain itself. This ensures decentralization and security, as a smaller group of validators can quickly reach consensus. 4. Finality: Ethereum 2.0 uses a mechanism called Casper FFG (Friendly Finality Gadget) to achieve finality. Finality means that a block and its transactions are considered irreversible and confirmed. Validators vote on the finality of blocks, and once a supermajority is reached, the block is finalized. 5. Incentives and Penalties: Validators earn rewards for participating in the network, including proposing blocks and attesting to their validity. Conversely, validators can be penalized (slashed) for malicious behavior, such as double-signing or being offline for extended periods. This ensures honest participation and network security.
Incentive Mechanisms and Applicable Fees
Cortex Coin is present on the following networks: cortex_coin, ethereum.
Cortex incentivizes miners and AI model developers through a reward system powered by its native token, CTXC. Incentive Mechanisms: Miner Rewards: Miners earn CTXC tokens through block rewards and transaction fees for validating transactions and securing the network. AI Model Provider Rewards: Developers who upload AI models to the Cortex storage layer earn a share of Endorphin fees when their models are invoked in transactions. Applicable Fees: Transaction Fees: Paid in CTXC tokens for standard transactions and smart contract executions. Endorphin Fees: Similar to Ethereum gas fees, Endorphin fees are allocated to miners and AI model providers when a transaction involves an AI model execution.
Ethereum, particularly after transitioning to Ethereum 2.0 (Eth2), employs a Proof-of-Stake (PoS) consensus mechanism to secure its network. The incentives for validators and the fee structures play crucial roles in maintaining the security and efficiency of the blockchain. Incentive Mechanisms 1. Staking Rewards: Validator Rewards: Validators are essential to the PoS mechanism. They are responsible for proposing and validating new blocks. To participate, they must stake a minimum of 32 ETH. In return, they earn rewards for their contributions, which are paid out in ETH. These rewards are a combination of newly minted ETH and transaction fees from the blocks they validate. Reward Rate: The reward rate for validators is dynamic and depends on the total amount of ETH staked in the network. The more ETH staked, the lower the individual reward rate, and vice versa. This is designed to balance the network's security and the incentive to participate. 2. Transaction Fees: Base Fee: After the implementation of Ethereum Improvement Proposal (EIP) 1559, the transaction fee model changed to include a base fee that is burned (i.e., removed from circulation). This base fee adjusts dynamically based on network demand, aiming to stabilize transaction fees and reduce volatility. Priority Fee (Tip): Users can also include a priority fee (tip) to incentivize validators to include their transactions more quickly. This fee goes directly to the validators, providing them with an additional incentive to process transactions efficiently. 3. Penalties for Malicious Behavior: Slashing: Validators face penalties (slashing) if they engage in malicious behavior, such as double-signing or validating incorrect information. Slashing results in the loss of a portion of their staked ETH, discouraging bad actors and ensuring that validators act in the network's best interest. Inactivity Penalties: Validators also face penalties for prolonged inactivity. This ensures that validators remain active and engaged in maintaining the network's security and operation. Fees Applicable on the Ethereum Blockchain 1. Gas Fees: Calculation: Gas fees are calculated based on the computational complexity of transactions and smart contract executions. Each operation on the Ethereum Virtual Machine (EVM) has an associated gas cost. Dynamic Adjustment: The base fee introduced by EIP-1559 dynamically adjusts according to network congestion. When demand for block space is high, the base fee increases, and when demand is low, it decreases. 2. Smart Contract Fees: Deployment and Interaction: Deploying a smart contract on Ethereum involves paying gas fees proportional to the contract's complexity and size. Interacting with deployed smart contracts (e.g., executing functions, transferring tokens) also incurs gas fees. Optimizations: Developers are incentivized to optimize their smart contracts to minimize gas usage, making transactions more cost-effective for users. 3. Asset Transfer Fees: Token Transfers: Transferring ERC-20 or other token standards involves gas fees. These fees vary based on the token's contract implementation and the current network demand.
Beginning of the period to which the disclosure relates
2024-03-28
End of the period to which the disclosure relates
2025-03-28
Energy report
Energy consumption
45991.83005 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
For the calculation of energy consumptions, the so called “top-down” approach is being used, within which an economic calculation of the miners is assumed. Miners are persons or devices that actively participate in the proof-of-work consensus mechanism. The miners are considered to be the central factor for the energy consumption of the network. Hardware is pre-selected based on the consensus mechanism's hash algorithm: SHA-256. A current profitability threshold is determined on the basis of the revenue and cost structure for mining operations. Only Hardware above the profitability threshold is considered for the network. The energy consumption of the network can be determined by taking into account the distribution for the hardware, the efficiency levels for operating the hardware and on-chain information regarding the miners' revenue opportunities. If significant use of merge mining is known, this is taken into account. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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