Cortex (CTXC) is a cryptocurrency and decentralized autonomous organization (DAO) created in 2017 by a team of developers, entrepreneurs, and blockchain enthusiasts. The goal of Cortex is to provide an efficient platform for artificial intelligence (AI) applications on the blockchain.
The native currency powering the Cortex network is CTXC tokens which are used as payment for services within the ecosystem such as data storage or computing power. All transactions occurring on the Cortex platform are recorded on its public ledger which can be accessed through any web browser or mobile device with internet access. Transactions are secured using proof-of-stake consensus mechanism ensuring that all participants have valid ownership rights over their funds.
The Cortext DAO enables members to propose development initiatives, vote on them and receive rewards from successful proposals if they hold sufficient amounts of CTXCs tokens in order to participate in decision making process related to development plans for the network’s future expansion projects. This way it provides users more control over how their investments will affect its growth potential while also rewarding those who actively support it through voting system implemented by cortex community management team .
By utilizing Artificial Intelligence technology integrated into its infrastructure , Cortex allows implementation of AI smart contracts allowing developers create self executing agreements guaranteeing secure execution without human intervention thus providing trustless environment where both parties can benefit from transaction certainty backed up by immutable code running autonomously once conditions specified within contract become active .
In addition , due to use cases provided by application layer built upon underlying protocol powered by distributed ledgers representing digital assets including but not limited too: gaming industry integration via NFT’s auctioning off items , intellectual property protection & licensing protocols managing digital content distribution channels etc … Platform offers wide range of opportunities opening new horizons towards further adoption & mass utilization among various industries worldwide aiming at creating transparent yet secure environment beneficial for both businesses as well end customers .
