Bittensor xarid qiling.

Bittensor is a decentralized, blockchain-based machine learning network that incentivizes the development and sharing of AI models. Launched in 2021 by the Opentensor Foundation, Bittensor aims to create a global, open-source neural network where participants contribute computational resources and machine intelligence in exchange for rewards in its native cryptocurrency, TAO.

At the core of Bittensor's ecosystem is the TAO token, which serves multiple purposes: it acts as a reward mechanism for contributors, a means of staking to participate in network governance, and a utility token for accessing various services within the network. By leveraging blockchain technology, Bittensor ensures transparency, security, and decentralization in the training and deployment of AI models.

Key features of Bittensor include:

• Subnets: Specialized mini-networks focusing on specific AI tasks, such as natural language processing, image recognition, and data analysis. Participants can join these subnets to contribute their expertise and resources.
• Proof of Intelligence: A unique consensus mechanism where contributors are rewarded based on the quality and value of their AI models, rather than traditional mining or staking methods.
• Dynamic TAO: An evolving tokenomic and governance model that adjusts incentives and network parameters to promote long-term sustainability and decentralization.

The total supply of TAO tokens is capped at 21,000,000, with a circulating supply currently around 9,597,491 and a total supply of 21,000,000. The current price of TAO stands at $272.45, contributing to a market capitalization of approximately $2,614,276,203. Bittensor reached its all-time high price of $757.60 on March 7, 2024.

Bittensor’s decentralized structure not only rewards contributors for building high-performing AI models but also enables new types of collaboration across industries. Researchers, developers, and organizations can tap into a global AI network without relying on centralized providers. As artificial intelligence becomes increasingly integrated into daily life, Bittensor’s open and permissionless approach offers an alternative path to innovation, data sovereignty, and equitable access to AI technology.