Copied

Market Cap

₹280.18 B 0.3593%

Circulating Supply

6607920

Max Supply

21000000

Volume

₹7.19 B

All Time High :

₹62669

All Time Low :

₹2535.93

Price change in 24H :

₹78.73

24H High :

₹43741

24H Low :

₹38309


Bittensor (TAO) Price Live Chart


Bittensor (TAO)

Bittensor, a groundbreaking decentralized machine learning platform, boasts a user base exceeding 60,000 individuals. It is revolutionizing the creation and cooperation surrounding AI models by utilizing a peer-to-peer network, facilitating collective intelligence and swift knowledge exchange among these models. 

Its decentralized structure democratizes the process of accessing machine learning development, promoting widespread global involvement and diversity in participation.


What is Bittensor?

Bittensor (TAO) represents a decentralized protocol for machine learning, functioning as a platform where both algorithm providers and users in the realms of AI and ML interact. Miners participate by contributing their processing power and ML models to the network, essentially offering algorithms. In return, clients seeking ML algorithms for their solutions pay using the protocol's native crypto token, TAO, for access.

Presently, clients have access to ML models spanning over 30 domains, including popular ones like text prompting, machine translation, data scraping, image generation, and time series prediction, among others.

Rather than operating independently, Bittensor's ML providers communicate within the network, exchanging data to deliver optimal solutions to client queries.

When handling client requests for ML computations, Bittensor's miners undergo a competitive selection process. The quality of their solutions determines the most proficient model. Those consistently providing accurate solutions to client queries receive higher rewards, ensuring clients obtain precise ML solutions.

Initially constructed using Substrate, a blockchain development framework in the Polkadot (DOT) ecosystem, Bittensor operated as a parachain linked to Polkadot from its November 2021 launch until March 2023. Subsequently, since March 2023, Bittensor transitioned to its independent blockchain network optimized specifically for ML computation and its related applications.


Founders & Team

Bittensor boasts a strong team composed of 14 individuals, as per their LinkedIn profile. Among them, several hold Ph.D.s in Physics and AI, while the majority possess backgrounds in Computer Science, AI, and Engineering, coupled with extensive experience in these fields.

Jacob Steeves and Ala Shaabana serve as the co-founders of Bittensor. Jacob Steeves, who assumes the role of CEO, brings a background in machine learning research and previously worked at Google before establishing Bittensor with the aim of decentralizing AI. Ala Shaabana, as the COO, holds a Ph.D. in machine learning, contributing significant expertise to the company's foundation.


How Does the Bittensor Protocol Operate?

ML algorithm providers must initially become part of Bittensor by applying as miners. Unlike the typical blockchain miners found in Bitcoin (BTC) or other networks with mineable cryptocurrencies, miners in the Bittensor protocol earn cryptocurrency by providing their algorithms to fulfill clients' requests. Although they do engage in block validation, the consensus mechanism on the Bittensor network doesn't rely on Bitcoin-style proof of work (PoW) mining.

Once a node becomes a registered miner, it gets allocated to a specific subtensor/subnet that best suits the type of ML algorithms it offers. Bittensor presents various subnets tailored for different purposes, including text generation, text training, storage, audio, image generation, predictive analytics, and more. When a client needs ML computations, the request is directed to the most relevant subnet for that specific task.

Client requests are processed in a decentralized manner, where multiple miner nodes collaborate, providing their contributions and interacting with one another.


Bittensor Applications

Within decentralized AI and machine learning, Bittensor showcases a broad spectrum of applications, boasting several pioneering use cases already operational on its network. One example involves engaging with Chat with Hal, a personal AI assistant showcasing Bittensor's prowess in natural language processing and user engagement. Another prominent instance is Reply Tensor, renowned for AI-driven Twitter responses and content generation.

These demonstrations not only exemplify Bittensor's capacity in AI advancement and data analytics but also underscore its significance as a decentralized hub for AI services, offering advantages across diverse sectors like finance, healthcare, and small to medium-sized enterprises (SMEs).


Latest Developments

Coming Soon……


Future Developments

Coming Soon……


Trade Now

Bittensor news

19 hours 36 minutes 20 seconds ago

KuCoin Lists Crypto Project Bittensor (TAO) On Its Trading Platform

Bittensor is a protocol designed to motivate contributors to train and manage machine learning models in a decentralized fashion.