What is Bittensor?
The Bittensor protocol is aimed towards a future where artificial intelligence is traded in an open market, where both producers and consumers can benefit from an incentivised and transparent marketplace.
To achieve this vision, Bittensor utilises blockchain’s distributed ledger technology to develop and distribute AI technology with greater efficiency.
Additionally, Bittensor also offers an open-source repository of machine intelligence that is available to everyone, allowing for artificial intelligence innovation on a global scale without barriers to entry.s
Key features
Decentralized networking platform based on smart contracts that connects people from all over the world and opens the limitless possibilities of the new economic financial system.
Safe & Secure
Easy Payment
Daily Cash Out
Smart App
Bittensor Work....
How does Bittensor work?
Bittensor is a dual-consensus blockchain, using both elements of Proof-of-Work and Proof-of-Stake.The Bittensor blockchain is run by a network of miners, validators, and nominees. But, let’s quickly go through some definitions first.
What Makes Bittensor Unique?
In short, Bittensor believes the artificial intelligence produced will be better if everyone is involved during its creation. To that aim, they have created their blockchain to be accessible and available to all.
TAO Tokenomics
Bittensor's TAO tokenomics is designed to incentivize the creation and evaluation of machine intelligence within the Bittensor network. The core of the tokenomics revolves around a fixed supply of 21 million TAO tokens.
TAO was fair-launched in 2021, meaning no tokens were pre-mined or available before the official launch.
The total supply of TAO is 21,000,000 with a halving cycle occurring every 10.5 million blocks.
Currently, the block rate is set at one block every 12 seconds, meaning the first halving event for the Bittensor network is likely to occur around August 2025.
Team Members
FOUNDER
JACOB STEEVES
Jacob Robert Steeves is a Peru-based Co-founder of Bittensor, an open-source protocol that powers a decentralized, blockchain-based machine-learning network.