In the world of emerging technologies, artificial intelligence and blockchain stand out as two of the most transformative and impactful. Bittensor is a decentralized marketplace for AI that combines the best of both worlds, creating a unique and innovative approach to machine learning. In this article, we will explore Bittensor's technology and how it is contributing to real-world solutions in this emerging market.
The Bittensor Protocol
Bittensor is a protocol that powers a decentralized, blockchain-based machine learning network. The network allows for machine learning models to train collaboratively and be rewarded in TAO, the protocol's native token. The informational value of each model is evaluated, and rewards are distributed in proportion to the value they provide to the collective network.
Unlike centralized machine learning models, Bittensor's decentralized approach solves the problem of scalability by utilizing distributed computing resources. The network's protocol rewards the nodes that provide the most value, creating a neural network of machine learning projects that work together to create a mother of all ML systems that everyone can benefit from.
$TAO Token
The Bittensor protocol is powered by the $TAO token, which is a commodity rather than a security, making it one of the few surest investments one can make. The $TAO token grants external access, allowing users to extract information from the network while tuning its activities to their needs.
Finney Network
Bittensor's Finney network is composed of two types of nodes: Servers and Validators. The servers provide information that is evaluated by Validators, and assessments are relayed to the network blockchain, Subtensor. The network runs on a consensus mechanism where the most valuable nodes are rewarded with the most stake (TAO), while low-value nodes become weakened to the point of de-registration.
Taonomics
Bittensor launched in 2021, with no tokens pre-mined. The supply of TAO is 21,000,000, and there is a halving cycle where rewards per block halve for every 10.5 million blocks. Currently, every 12 seconds (one blockstep), a single TAO is emitted into the network. There will be 64 halving events, with the first occurring in August 2025.
In conclusion, Bittensor is an innovative and disruptive project that brings together the best of blockchain and AI technologies. The protocol's decentralized approach to machine learning and open-source repository of machine intelligence are creating new possibilities for open and permission-less innovation on a global scale. With the TAO token serving as the protocol's fuel, Bittensor is poised to contribute significantly to real-world solutions in the hottest emerging market.
