Cortex App is launching a new Web3 content network this summer

In its quest to “make Web3 available to everyone”, the core team behind the newly formed Cortex app said Monday that it is introducing a new Web3 content network for a June launch. It will “bring Web2 functionality like social posts and blogs to a decentralized and user-owned Web3”. This is the same group that launched free “.hmn” domain names on the Polygon protocol earlier this year.

According to Monday’s release, Cortex Network will offer users a new level of control and privacy over themselves and their content. In addition, the network will open new ways of collaboration and define payment models for NFTs and content.

“On the Cortex network, each page (URL) will be a wallet address where a user can get tokens for their content or send tokens as well,” said Leonard Kish, co-founder of Cortex App ZDNet. “Each side will essentially be a store for data and a store for NFTs or other tokens,” he said.

How it works

The Cortex network will act like a proof-of-stake blockchain, with publishers using CRTX tokens to validate user updates and then publishing them over the Polygon network. A new type of index, known as HDIndex, creates a hash that serves as on-chain proof and to search for content updates. According to the press release, “When published to the Cortex Network, users will own their content as they control updates with their keys.”

The goal of the Cortex network is to simplify Web3 publishing, making it easier for current Web2 publishers to migrate to a user-owned Web3 content network.

The network is based on a network architecture in which batches of updates (known as “commits”) contribute to a local content state, which in turn becomes part of the globally verifiable localized consensus. It just means that each commit contributes to a globally auditable state of content with a complete history of content at a given web address. “In the Cortex system, URLs and crypto addresses are almost synonymous as part of a human-readable namespace for keys that act as content lookups,” the press release reads.

Kish notes that with new ways of collaborating and defining payment models for NFTs, the NFT domains (like “kish.hmn”) and subdomains (“leo.kish.hmn”) where the content resides are fully portable , So an NFT can have a complete history. And in transmission, this story (the content) can also be moved with the NFT domain.

“We’re working on several ways to expand how NFTs work and the types of value they can transfer, and this is one of them,” Kish said. “Others are coming too.”

barriers to degradation

Price, complexity, scalability, and consistency are four barriers to Web3 publishing progress, and the Cortex Content Network intends to overcome them. According to Cortex App, the network will act as a “full stack to not only enable a fast and reliable decentralized content environment for Web3, but also to be scalable”. to blog.

More work is needed before the network is ready for prime time. “We’re now working with partners to test elements of the network, but we don’t have an exact date,” Kish said. “We assume that we can give an exact date for the start in June.”

About Willie Ash

Check Also

Don’t commit yourself! Here are solid alternatives for Apple’s weaker software

One of the best things about Apple’s Macintosh computers is that they come with a …