Bittensor is an open-source protocol that powers a decentralized machine-learning network on the blockchain. The platform facilitates open access/ownership, decentralized governance, and incentivized collaboration, providing a novel and optimized strategy for the development and distribution of AI technology.
Bittensor offers an open-source repository of machine intelligence, accessible to anyone, anywhere, to create a pure market for AI that fosters trustless, open, and transparent collaboration between consumers and producers. With Bittensor, users can harness globally-distributed resources of computing power and innovation within an incentivized framework.
In 2021, Bittensor conducted a fair launch for its token, TAO.
Bittensor's working mechanism revolves around its two types of nodes - Servers and Validators. The network, Nakamoto, prompts Servers for information, which is then assessed by Validators based on the value of their responses. These assessments are relayed to the Subtensor blockchain, where TAO tokens are distributed proportionally.
Bittensor operates on a consensus mechanism where the most valuable nodes are rewarded with the most stake (TAO) while low-value nodes are weakened and eventually de-registered. This ensures that the network remains secure and efficient, while the most valuable contributors are incentivized to continue adding value to the network.
TAO, the main token of the Bittensor, is available on various exchanges. It has a total supply of 21,000,000, among which 4,123,120 are in circulation.
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