Bittensor
TAO
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Bittensor Info
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OrganizationsBittensor Intro
Bittensor is an open-source protocol that uses blockchain technology to build a decentralized neural network. It allows machine learning models to interact and learn from each other directly on-chain, creating a global brain. Bittensor aims to incentivize the creation and curation of AI models in a decentralized manner, thereby democratizing access to AI technology.
The latest introduction of Bittensor is that it has evolved into a more sophisticated protocol that not only allows for the creation of decentralized AI models but also enables these models to earn cryptocurrency. This is achieved through a unique proof-of-stake mechanism where the models stake tokens and earn rewards based on their performance.
In simple terms, Bittensor is like a global brain where AI models can learn from each other in a decentralized way. It's a blockchain-based protocol that rewards these models with cryptocurrency based on their performance.
To provide a concise overview, Bittensor is a groundbreaking protocol that combines AI and blockchain technology. It allows for the creation of a decentralized neural network where AI models can interact, learn, and earn cryptocurrency. It's an open-source project that aims to democratize access to AI and incentivize its development in a decentralized manner.
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Q&A about Bittensor Tokenomics
Explore the tokenomics of Bittensor(TAO) and review the project details below.
What is the allocation for Bittensor(TAO)?
Bittensor's TAO token has a total supply of 21 million tokens, which mirrors Bitcoin's supply model to ensure scarcity and value. This design choice is integral to maintaining the token's perceived value over time. As of the latest data, about 27.83% of these tokens are currently in circulation.
What is the supply schedule for Bittensor(TAO)?
The TAO token's supply schedule follows a halvening model similar to Bitcoin, where the emission rate is cut in half every 10.5 million blocks. The first halvening event is expected in September 2025, and there are planned to be a total of 64 halvening events.
New TAO tokens are created approximately every 12 seconds, with each new block mined rewarding miners and validators with 1 TAO. This results in about 7,200 new TAO being issued into circulation every 24 hours, which is currently evenly split between miners and validators.
After half of the supply is issued, the rate of issuance is halved. This process continues every half marker of the remaining amount to be issued, leading to a new halvening event, until all 21 million TAO are in circulation.
Bittensor Token Allocation
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Bittensor is an open-source protocol that uses blockchain technology to build a decentralized neural network. It allows machine learning models to interact and learn from each other directly on-chain, creating a global brain. Bittensor aims to incentivize the creation and curation of AI models in a decentralized manner, thereby democratizing access to AI technology.
The latest introduction of Bittensor is that it has evolved into a more sophisticated protocol that not only allows for the creation of decentralized AI models but also enables these models to earn cryptocurrency. This is achieved through a unique proof-of-stake mechanism where the models stake tokens and earn rewards based on their performance.
In simple terms, Bittensor is like a global brain where AI models can learn from each other in a decentralized way. It's a blockchain-based protocol that rewards these models with cryptocurrency based on their performance.
To provide a concise overview, Bittensor is a groundbreaking protocol that combines AI and blockchain technology. It allows for the creation of a decentralized neural network where AI models can interact, learn, and earn cryptocurrency. It's an open-source project that aims to democratize access to AI and incentivize its development in a decentralized manner.