Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs.
Ultimately, BitTensors vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context.
Bittensor enables:
-A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, its facilitation of open access/ownership, decentralized governance, and the ability to harness globally-distributed resources of computing power and innovation within an incentivized framework.
-An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale.
-Distribution of rewards and network ownership to users in direct proportion to the value they have added.
Where is Bittensor available for purchase?
You can exchange TAO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Bittensor is Binance, notably the TAO/USDT pair, which saw a trading volume of $ 23,76 MLN. in the past day. Additionally, MEXC and KuCoin are popular alternatives for trading tokens.
What is the highest value Bittensor (TAO) has ever reached?
Bittensor (TAO) reached its peak price at 757.6 $ on 07 March 2024, approximately a year ago ago. Presently, the current price is -52.87% lower than this all-time high.
What is the historical minimum price for Bittensor (TAO)?
The minimum price reached for Bittensor (TAO) was 30.83 $, documented on 14 May 2023, more than 2 years ago. In comparison, the current price is 1,058.06%, it above this historical low.
What is the fully diluted valuation of Bittensor (TAO)?
The fully diluted valuation (FDV) of Bittensor (TAO) stands at $ 7,50 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 21,000,000 TAO tokens. The realization of this FDV might take several years depending on the emission schedule of TAO tokens.