What is Bittensor?
Bittensor is a decentralized blockchain network acting as an open peer-to-peer (P2P) ecosystem for creating, training, sharing, and trading artificial intelligence (AI) and machine learning (ML) models. It is a protocol for decentralized subnets, where each subnet is focused on a topic and relies on an incentive-based mechanism to drive miner competition. Bittensor's native cryptocurrency, TAO, is used for network participation and as rewards for those who participate in its decentralized governance.
Bittensor goals
The purpose of Bittensor is to connect and incentivize the development of machine learning models, promoting collaboration and innovation in AI. The project aims to solve the problem of creating a decentralized network that enables the exchange of value for computations. Potential use cases for Bittensor include universal computing platforms, secure crypto-processing, and connecting machine learning models worldwide to process information and provide intelligent responses.
Bittensor fondamentals
Bittensor's token, TAO, serves as the network's reward token, access token, and governance token, allowing token holders to also stake their tokens. The token distribution plan is not specified, but a TAO is produced every 12 seconds.
Marketcap
$3.707B
Total number of Bittensor
21000000 TAO
Bittensor technology
Bittensor's technology consists of three core components: a subnet, a blockchain, and the Bittensor API. The subnet is an incentive-based competition mechanism for a specific task, and the blockchain operates all the subnets and guarantees a transparent and secure reward system. The Bittensor API links the subnets to the blockchain, enabling the exchange of ML models among participants.
Bittensor competitors
Bittensor differentiates itself from competitors by bridging the distinct powers of artificial intelligence (AI) and blockchain. Its competitive advantage lies in its decentralized network that enables the exchange of ML models among participants, who include three main players. Bittensor's use of a proof-of-stake (PoS) consensus algorithm makes it more energy-efficient and cost-effective than other platforms that use proof-of-work (PoW).
Bittensor price history
Frequently asked questions
Bittensor's native cryptocurrency is TAO.
Bittensor's subnet is an incentive-based competition mechanism for a specific task.
Bittensor's blockchain operates all the subnets and guarantees a transparent and secure reward system.
The Bittensor API links the subnets to the blockchain, enabling the exchange of ML models among participants.
Bittensor's use of a proof-of-stake (PoS) consensus algorithm makes it more energy-efficient and cost-effective than other platforms that use proof-of-work (PoW).
Potential use cases for Bittensor include universal computing platforms, secure crypto-processing, and connecting machine learning models worldwide to process information and provide intelligent responses.
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