About Bittensor
Bittensor is a decentralized cryptocurrency network designed to facilitate the creation and distribution of artificial intelligence (AI) models. It enables users to contribute computational resources for AI model training and operations, rewarding them with TAO tokens.
Key Features of Bittensor:
- Decentralization: Operates without centralized control, enhancing resilience against systemic failures.
- Incentivization: Participants earn TAO tokens by contributing computing power to improve the network.
Supply and Transactions:
- Circulating Supply: The circulating supply fluctuates based on market dynamics.
- Trading Volume: The platform records 24-hour trading volume, reflecting market activity and liquidity.
The TAO token serves as a fundamental incentive mechanism for computational tasks on the network. Its price fluctuations in USD or EUR reflect market dynamics, including supply and demand.
Founders and Vision
Bittensor was founded by three researchers passionate about integrating AI with blockchain:
| Name | Expertise | Role in Bittensor |
|------|-----------|--------------------|
| Founder 1 | Cryptography | Architecture Security |
| Founder 2 | Machine Learning | AI Capabilities Development |
| Founder 3 | Computer Engineering | Decentralized Infrastructure |
Their vision focuses on creating a collaborative ecosystem where AI knowledge exchange is incentivized, positioning Bittensor as a transformative player in blockchain and AI.
Core Functionalities
Bittensor’s blockchain platform democratizes AI information exchange through:
- Decentralized Network: Uses distributed neural networks for global AI computing power sharing.
- Financial Incentives: Rewards miners with TAO tokens for computational contributions.
- Proof-of-Stake Consensus: Energy-efficient compared to Proof-of-Work, encouraging broader participation.
- Interoperability: Supports integration across diverse AI systems.
- Security & Anonymity: Protects data and transactions from intrusions.
👉 Explore Bittensor’s latest developments
Circulating Supply
The exact circulating supply of TAO tokens is dynamic and available via real-time financial platforms. Investors should monitor reliable sources for updates on supply, trading volume, and price changes.
Security Mechanisms
Bittensor employs a decentralized architecture for robust security:
- Authentication: Nodes must prove identity via cryptographic keys and blockchain registration.
- Consensus Network: Utilizes Proof-of-Stake for honest node participation.
- Malware Detection: Real-time transaction analysis and penalties for malicious activities.
- Regular Updates: Continuous improvements by developer communities to counter vulnerabilities.
Bittensor Markets
| # | Exchange | Pair | Price | +2% Depth | -2% Depth | 24h Volume | Volume % | Trust | Updated |
|---|----------|------|-------|-----------|-----------|------------|----------|-------|---------|
| 1 | Coinbase | TAO/USD | $321.66 | $196,660 | $453,473 | $6,993,521 | 6.99% | High | Recent |
| 2 | KuCoin | TAO/USDT | $322.36 | $165,448 | $138,787 | $9,698,973 | 9.69% | High | Recent |
| 3 | LBank | TAO/USDT | $321.74 | $365,647 | $667,119 | $10,907,299 | 10.89% | High | Recent |
| 4 | Bitget | TAO/USDT | $321.94 | $422,337 | $663,236 | $7,272,232 | 7.26% | High | Recent |
| 5 | Gate | TAO/USDT | $321.44 | $325,004 | $422,509 | $5,287,773 | 5.28% | High | Recent |
FAQ Section
Q1: What is Bittensor’s primary use case?
A1: Bittensor decentralizes AI model training and distribution, incentivizing participants with TAO tokens.
Q2: How does Bittensor ensure network security?
A2: Through cryptographic authentication, Proof-of-Stake consensus, and real-time anomaly detection.
Q3: Where can I trade TAO tokens?
A3: Major exchanges like Coinbase, KuCoin, and Bitget support TAO trading pairs.