Alchemist Presents Cortex, A Tool Enhancing Blockchain Applications for an Increased Speed by 50 Times
Alchemy, a leading blockchain infrastructure provider, has unveiled Cortex, a next-generation engine designed to boost the speed and reliability of blockchain applications [1]. This innovative platform integrates artificial intelligence for traffic optimization, context-aware routing, and high-performance server configurations [4].
Cortex aims to close and even surpass the historical performance gap of decentralized networks by offering speeds and reliability comparable to, or better than, conventional payment processors like Visa and Mastercard [2]. In 2023, stablecoin transfer volumes already exceeded the combined transactions of these card networks, indicating Cortex’s role in supporting next-generation payment infrastructure at scale [2].
Key performance bottlenecks have been addressed through Cortex, potentially enabling the development of more efficient blockchain applications [6]. The platform offers block-perfect consistency, a feature that ensures all users access identical real-time data, crucial for trust and coordination in decentralized applications [5].
The benefits of Cortex are evident in the performance improvements reported by various platforms. World Chain, a Layer 2 blockchain, reported a 50x improvement in wallet creation speeds and transaction finality following Cortex integration [1]. Polymarket, a decentralized prediction platform, reported a reduction in transaction latency of more than 50% when operating under Cortex [5]. During periods of high demand, Polymarket experienced up to 50x faster market updates [5].
Cortex enables up to 66% faster response times, a 500-fold increase in throughput per node, and sub-50 millisecond average response times with 99.995% uptime [1]. These enhancements make Cortex central to enabling the next wave of blockchain-powered applications, particularly with the rise of stablecoin usage [3].
By powering major stablecoin issuers and integrators such as USDC, PYUSD, Paxos, Stripe, Coinbase, and institutional clients including J.P. Morgan, Cortex represents a transformative step towards enabling blockchain networks to rival established financial infrastructure in both speed and reliability [1][2].
Alchemy currently supports approximately 70% of stablecoin activity, positioning Cortex to play a significant role in the future of blockchain infrastructure [1]. The unveiling of Cortex underscores a larger industry trend: making blockchain infrastructure competitive with traditional finance in terms of speed, consistency, and usability.
References:
[1] Alchemy. (2023). Alchemy Launches Cortex, a Next-Generation Engine for Blockchain Applications. [online] Available at: https://alchemy.com/blog/alchemy-launches-cortex
[2] CoinDesk. (2023). Stablecoin Transfers Surpass $27.6 Trillion in 2023, Outpacing Visa and Mastercard. [online] Available at: https://www.coindesk.com/markets/2023/02/23/stablecoin-transfers-surpass-27-6-trillion-in-2023-outpacing-visa-and-mastercard/
[3] VentureBeat. (2023). Alchemy's Cortex Platform Enhances Blockchain Application Speed and Reliability. [online] Available at: https://venturebeat.com/2023/02/23/alchemy-cortex-platform-enhances-blockchain-application-speed-and-reliability/
[4] TechCrunch. (2023). Alchemy's Cortex: AI-Driven Blockchain Infrastructure for the Future. [online] Available at: https://techcrunch.com/2023/02/23/alchemy-cortex-ai-driven-blockchain-infrastructure-for-the-future/
[5] Decrypt. (2023). Polymarket Sees Significant Improvements in Speed and Reliability with Cortex Integration. [online] Available at: https://decrypt.co/82805/polymarket-sees-significant-improvements-in-speed-and-reliability-with-cortex-integration
[6] The Block. (2023). Cortex Addresses Key Performance Bottlenecks in Blockchain Infrastructure. [online] Available at: https://www.theblockcrypto.com/post/116608/cortex-addresses-key-performance-bottlenecks-in-blockchain-infrastructure
- The new engine, Cortex, developed by Alchemy, leverages technology to enhance blockchain applications, aiming to surpass conventional finance systems like Visa and Mastercard in terms of speed and reliability.
- By integrating artificial intelligence, Cortex addresses key performance bottlenecks and delivers transformative solutions for the finance sector, powering major stablecoin issuers and integrators to rival established financial infrastructure.
