Bittensor is a decentralized protocol that aims to create a marketplace for artificial intelligence. Bittensor is developing an ecosystem in which developers and researchers can collaborate and share machine learning models, data, and computing resources using a peer-to-peer network. Here are the details
- Bittensor uses blockchain to create an open source artificial intelligence repository, accessible to anyone, anywhere, exploiting globally distributed resources of innovation and computing power.
- The protocol exploits the key characteristics of a blockchain, namely: a distributed ledger, open access/ownership, decentralized governance and an incentive framework.
- At the heart of the protocol is a peer-ranking system in which artificial intelligence is measured by other intelligent systems
- The consensus mechanism allows participants to contribute computing power and earn rewards by betting on Bittensor Tao’s native cryptocurrency
- The protocol also facilitates the distribution of rewards and the ownership of the network to users in direct proportion to the value they have added to the network.
- Bittensor provides a number of development tools and APIs to facilitate the creation and deployment of machine learning models on the platform.
The token, Tao, can be used to access resources, receive rewards and to picket. Validators are required to stake a certain amount of TAO tokens as a guarantee to participate in the network and protect it from potential attacks. Validators are responsible for validating and verifying transactions on the Bittensor network. They earn a block reward in TAO tokens for doing so. However, if they fail to perform their tasks properly or act maliciously, they risk losing their staked TAO tokens
.
Overall, Bittensor Tao seems to be an excellent AI/ML platform. However, it is currently unclear whether the Tao coin is an excellent investment case. At the moment, given its most B2B and Small Business use cases, we would classify Tao as a moderate case
for investments.
Bittensor Tao Price Prediction 2023, 2025 and 2030
- Bittensor Tao 2023 price prediction is $170.8
- The Bittensor Tao Price prediction for 2030 is $386.1
