What Is Bittensor (TAO)?

In November of 2022 Sam ulman's open AI Unveiled Chad gbt to the world bringing Generative artificial intelligence and Natural language processing to the Mainstream over a year later AI Still Remains a Hot Topic thanks in part to Altman's firing and subsequent rehiring By the board of open AI the shocking News of alman's departure sparked rumors Of a powerful artificial intelligence Breakthrough which open aai researchers Reportedly warned the board about some Believe that the discovery is related to Artificial general intellig or AGI Autonomous systems that are better at Humans in most economically valuable Tasks with such powerful technology many Have also raised the potential dangers Posed by agis one concern posed by many Is that this highly intelligent Technology lies in the hands of large Centralized organizations such as open Ai and its largest stakeholder Microsoft And other technology companies Developing AI such as Google's Bard and Xai by Elon Musk this has led to the Surge in decentralized AI projects with Many believing that blockchain and Cryptocurrencies could play a crucial Role in the development of artificial Intelligence for instance Arthur Hayes Argued that AGI agents will choose Bitcoin as the currency to transact in One such project leading the sector in

Decentralized AI is bit tensor a Decentralized machine learning Focus Protocol so what is bit tensor or the Ticker symbol tow so bit tensor is Developed by the nonprofit organization Open tensor originally designed as a Polka dot par chain named Finny the Protocol decided to launch its own chain In March of 2023 to reduce its Reliance On the polka dot ecosystem the current Chain aptly named Nakamoto is modeled After the Bitcoin Network bit tenser Seeks to decentralize both access to Machine learning models as well as Training of machine learning models in a Censorship resistant manner at the Moment training machine learning models Require an immense amount of resources Which only corporations such as Google And open aai are able to afford bit Tensor aims to to be the marketplace for Machine intelligence where intelligence That is contributed to the network by Honest contributors is valued and Rewarded by a peer-to-peer Network in Its native token Tao or to moreover Centralized machine learning models are Often trained in Silo preventing machine Learning models from learning from Similar models trained by other Corporations one of the core values in The crypto space is comp possibility and Decentralized AI is no different bit Tensor aims to Leverage The compounded

And composed nature of open development Of AI to further push the space forward As models do not need to relearn what Other models have already learned how Does bit tensor work so bit tensor Consists of three core components a Subnet a blockchain and the bit tensor API according to their official docs bit Tensor is simply a protocol for Decentralized subnets subnets are an Incentive based competition mechanism For a specific task so for example the Text prompting subnets and send devices The best completion of text prompts Users can create a custom subnet for Their own competition or join an Existing competition mechanism the bit Tensor blockchain or subtensor supports The subnets and ensures that the Ecosystem is decentralized Permissionless and collusion resistant Meanwhile the bid tensor API connects The subnet and the blockchain ensuring Rewards distribution to Miners and Validators on the subnets how does Subnets work subnetworks are Bid tensor Solution to decentral Iz ing the Training of machine learning models each Subnet is a self-contained economic Market to train and also cultivate Different forms of machine intelligence Such as text translation image Generation text generation data scraping And more sub networks are governed by

Their owners and will consist of three Types of users Miners validators and Users so miners miners sometimes refer To as servers or offchain machine Learning nodes which enable the function Of the network their resp responsible For the servicing of requests to each Subn network from its users and Providing a relevant response based on Their model these responses are Evaluated by the sub Network's Validators which will assign them a rank Resulting in a reward paid out in bid Taner native token to a minor that Repeatedly provides inaccurate or subpar Responses will be increasingly Disincentivized due to lowered rewards And will drop out of the sub Network Ensuring the quality of the sub Network Validators check and also evaluate the Work done and submitted by miners in the Sub Network sub Network owners can Provide a template for validation but Validators can also Express their own Preferences through their own validation On what the subn network should be Learning this increases diversity in Learning and also reduces risk of Centralization in the network where the Model is forced in a specific Direction Finally users of the sub Network provide The request to the sub Network as the And users which are fulfilled by the Respective miners users can use these

Sub networks via the bit AP AI which can Be accessed via most common programming Languages such as Python node.js goang And rust the service is currently free To use to encourage development of the Platform although limits have been put In place to prevent abuse of the API Requests can be made to increase the Limit however subject to further Questions and approval from the bit APA AI team projects builting on bit tensor So despite being a young protocol Several projects have been built a top Of the bit tensor Network riing on the Services of specific subn networks with Most targeting text or image generation A popular type of projects are the chat Gbt style Bots such as chat ni chat with Hall and chat tensor which all function As chat powered assistants where users Can input a question or a request and Receive a reply from a bot another Popular project building on bit tensor Is reply tensor which utilizes images And text generation sub networks to Generate automated replies on Twitter Telegram and Discord reply tensor is Developed by neural internet which is an AI research decentralized autonomous Organization or Dow and one of the main Builders on bit tensor's resources the Tow token and its Tokenomics so much like the Bitcoin Network from which bit tensor was

Modeled after the tow tokens designed Closely follows that of Bitcoin with a Total supply of 21 million tokens aiming For the fairest launch possible bit Tensor did not have any pre-sales or Private investors with even the founders And founding team having to mine their Own tokens likewise tal follows Bitcoin's halvening model as well where Emissions are cut in half every 10.5 Million blocks the first halvening is Expected in September of 2025 with 64 Haline events in total aside from the Native to token the to token also exists As an erc20 version on the ethereum Mainnet as wrapped tow or wtao wtao can Be bridged back to the bit tensor Network via the talbridge do note However that talbridge is a Community-run project and is not Officially run by the bit tensor team so Now let's talk about the future outlook For bit tensor so the current state of Machine learning training is held back By its siloed approach and lack of Composability as the bit tensor Network Continues to grow and develop the Network seeks to one day be the center Of all things machine intelligence with Users startups and even Mega Corporations tapping into the network For machine intelligence capabilities With all services paid for in to tokens Let us know your thoughts about bit

Answer and also to in the comments down Below anyways guys if you like the video Give it a like and also subscribe for More content coming Soon

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

Leave a Comment

    • bitcoinBitcoin (BTC) $ 68,816.00 2.41%
    • ethereumEthereum (ETH) $ 3,570.73 2.34%
    • tetherTether (USDT) $ 0.999497 0.04%
    • bnbBNB (BNB) $ 622.88 2.33%
    • solanaSolana (SOL) $ 156.80 5.54%
    • staked-etherLido Staked Ether (STETH) $ 3,571.37 2.29%
    • usd-coinUSDC (USDC) $ 0.998573 0.16%
    • xrpXRP (XRP) $ 0.491613 2.11%
    • dogecoinDogecoin (DOGE) $ 0.147230 7.11%
    • the-open-networkToncoin (TON) $ 7.33 6.03%