The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Cortex has risen by 0.95% in the past 7 days. The price increased by 0.52% in the last 24 hours. In just the past hour, the price shrunk by 0.29%. The current price is $0.12 per CTXC. Cortex is 94.94% below the all time high of $2.41.
The current circulating supply is 215,326,915.734 CTXC.
The platform is an open-source, peer-to-peer, decentralized platform based on that enables artificial intelligence (AI) models to be executed and uploaded over a distributed network. The Cortex platform aims to facilitate AI democratization, where models can be easily integrated into and created into decentralized applications (). Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
There was no known way to facilitate on-chain machine learning models efficiently and deterministically before the Cortex team. As a result, DApps, including machine learning models, used off-chain inferences, defeating the purpose of smart contracts. Corex aimed to resolve the problem with the Cortex Virtual Machine (which utilized the GPU rather than the CPU). The Cortex Virtual Machine (CVM) seeks to allow efficient machine learning on the Cortex blockchain. The platform enables machine learning models to be integrated into smart contracts and decentralized applications. Furthermore, to create AI-enhanced DApps and smart contracts, developers use the popular language Solidity and off-the-shelf AI models.
Cortex has introduced a mechanism that incentivizes AI developers to store models on the blockchain. Blockchain developers have access to the best AI models available worldwide and can choose from them. Competition between AI model providers naturally leads to better and better AI models within the ecosystem.
According to the , Cortex's ultimate goal is to become a better supporting all AI models. To achieve this goal, Cortex 2.0 seeks to deliver a more comprehensive core technical architecture for on-chain AI integration in and improved security and performance for the Cortex chain. The Cortex 2.0 implementation also seeks to emphasize the accuracy and privacy of on-chain AI inference results by implementing formal verification, trusted execution environments, and more.
Ziqi Chen and Jia Tian are the cofounders of the Cortex project. As SFTC's principal research scientist, Chen was responsible for developing a range of innovative technologies. Tian has worked at Baidu and Alibaba as the architect of large recommender systems.
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The current market cap of Cortex is $26.24M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Cortex is $2.41. This all-time high is highest price paid for Cortex since it was launched.
Over the last 24 hours, the trading volume of Cortex is $573.90K.
The current circulating supply of Cortex is 215 million.
No, Cortex is not currently available on Coinbase, but you can sign up to get the latest news on Cortex and be notified when it gets added to our exchange.
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