Bittensor
Bittensor is a decentralized, open-source network that connects and incentivizes the development of machine learning models. Bittensor aims to create a global network where AI models can efficiently collaborate to meet the specific needs of users. The protocol is known for its potential for permissionless innovation, where developers have the freedom to explore new applications without restrictions. It creates a peer-to-peer marketplace where AI models are shared, trained, and ranked by value, incentivizing collaboration and innovation in AI development.
ABOUT BITTENSOR
Bittensor is a decentralized, open-source, and permissionless machine learning network that transforms machine intelligence into a tradable commodity.
Bittensor prioritizes machine learning collaboration where a network of interconnected AI models work together to solve complex problems and advance AI.
The protocol uses a unique strategy that harnesses globally-distributed resources of computing power and innovation within an incentivized framework.
It enables each market to interact and join into a singular computing infrastructure, creating a hierarchical web of resources that culminate in the production of intelligence.
At the heart of Bittensor is Tao, the cryptocurrency that drives the network’s economy.
It enables transactions, compensates AI contributors, and secures governance functions.
Tao is required to purchase access to machine learning models on the network, to reward validators and miners, and to reward researchers who contribute new machine learning models to the network.
BITTENSOR FUNCTIONALITIES
Governance.
TAO tokens are used to vote on proposals and changes to the Bittensor network, ensuring decentralized decision-making.
Staking.
Users can stake TAO tokens to participate in the consensus mechanism and earn rewards, contributing to the network's security and validation.
Payments.
TAO tokens are used as a means of payment for accessing AI services and applications built on the Bittensor network.
Incentivization.
TAO tokens are rewarded to users who contribute valuable data or computational resources to the network, incentivizing participation and driving innovation.
Validation.
Validators use TAO tokens to validate the responses and predictions provided by miners, ensuring the integrity and quality of the data and models being exchanged within the network.