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1. Project introduction
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Bittersor is a decentralized agreement focusing on AI and machine learning, located at the forefront of decentralized artificial intelligence (AI).By using blockchain technology, Bittersor aims to solve the core problems encountered during the development of traditional AI, such as data ownership, model training incentive mechanism, and accessibility of AI services.
At present, training machine learning models require a lot of resources. Generally, only large companies such as Google and Openai can bear it.In this regard, Bittensor aims to decentralize the access and training of machine learning models and operates in an anti -censorship.The decentralized machine learning model can prevent similar models trained by different companies in the islands, and promote the compositeness and compositeness of the AI model that is open and developed to accelerate the development of the AI field.
Bittensor’s AI ecosystem, with its original currency $ Tao as the power: promotes cooperation and protect the blockchain ecosystem through the $ TAO token award contribution.One of its characteristics is the special subnet structure.These subnets create real values through competition and cooperation. Bittersor encourages innovation through this structure, and promises tolerance and attach importance to quality.
Bittensor’s token economy (Tokenomics) is designed to encourage fair allocation of practices to ensure that incentives between Internet participants are consistent.The design of the TAO token grows indexes with the expansion of the network participant.At present, about 89% of the circulation TAO token is currently pledged, which also reflects the high participation of the network.
2.Core mechanism
Network ecological motivation
Bittersor’s ecosystem flourish due to its unique subnet dynamics, and each subnet provides suitable rewards for various artificial intelligence applications.This setting shows its diversity and innovation, which is also a field that many artificial intelligence companies may ignore.A single TAO token ecosystem supports these activities, so that the token owners have a great right to speak in the development of artificial intelligence in the Internet.
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Bittensor machine learning method and mechanism
Bittensor connects several key types of participants in its network:
Miner layer: It is the core of AI -driven innovation in Bittensor. Miners custody and run various AI models.
Verification: Play a key role in maintaining the integrity and consensus of the blockchain to ensure that the network operates in accordance with the established rules.
Corporate layer: Dedicated to develop cutting -edge applications and use the Internet’s AI capabilities to solve complex problems.
Consumer layer: Provide access to network generating solutions and services for end users and organizations.
This realizes the safe and efficient collaboration between blockchain operation and artificial intelligence services.
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Decentralized expert group Decentralised Mixture of Experts (MOE)
In addition, Bittersor uses decentralized expert hybrid model (MOE) to improve the accuracy and efficiency of AI prediction through the collaboration of multiple professional AI models. This method solves complex problems by combining the unique advantages of each model, so asTo achieve more accurate and comprehensive results, surpass the traditional single model method.For example, when generating a Python code with a Spanish comment, the language ability of one model and the coding expertise of another model to provide superior solutions.
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Proof of Intelligence
Intelligence proof is a way to add a node to the BitTensor network reward to add a node with useful machine learning models and results.It is similar to the method of using POW and POS in the blockchain network, but nodes are not to solve mathematical problems, but to perform machine learning tasks to show their intelligence.If the machine learning work of nodes is accurate and valuable, it has a better chance to be selected to add a new block to the chain and earn the TAO token as a reward.In order to get rewards in the Bittensor network, the server must not only generate valuable knowledge, but also obtain the recognition of most verifications.By adopting this consensus mechanism, Bittensor inspire valuable contributions to promote collaboration and protect the blockchain.
3. TAO
TAO tokens are native cryptocurrencies in the Bittersor network.It serves several key functions and purposes in the ecosystem:
excitation: TAO tokens are used to motivate various participants in the Bittensor network.Miners who contribute computing resources to perform machine learning tasks will receive TAO token awards due to their contributions.This reward mechanism encourages providing computing capabilities to the Internet, which is essential for decentralized machine learning.
Pledge: To participate in the network as miners and get rewards, participants must pledge the TAO token.As a form of collateral or “skin in the game”, pledge helps to ensure that miners have the motivation to act according to the best interests of the Internet.It also gives any participants’ malicious behaviors at a high price, which helps protect network security.
Govern: TAO token can be used for the governance of the Bittersor network.Tokens holders may have the ability to propose changes, vote for agreement upgrades, or participate in other decision -making processes affecting the network.This is consistent with the decentralization spirit of blockchain technology, among which control is distributed between stakeholders, not concentrated in a single institution.
Transaction fee: Transactions on the Bittensor network, such as tokens transfer or the execution of smart contracts, may need to pay.These costs are usually paid by TAO token to compensate the cost of processed and protected transactions on the blockchain on the blockchain.
Economic model: TAO tokens support the economic model of the Bittersor network.It aims to balance the supply and demand of computing resources, adjust the incentives between participants, and promote the value exchange in the ecosystem.
Access service: Users who need machine learning services provided by Bittensor network may need to use TAO token to pay for these services.This has created a market for machine learning services that can be used to exchange tokens, such as data analysis, model training or prediction.
TAO token is an indispensable part of BitTensor’s network function, because it provides economic and incentive structures that support decentralized machine learning markets, and coordinate the interests of various stakeholders through incentive measures based on token.
As of now, the current price of TAO tokens is $ 568.38.Its market value is $ 3,721,338,889, ranking 31st.TAO is a large encryption asset and has important market share.Its 24 -hour transaction volume/market value ratio: 1.14%, which is a relatively active market, indicating that the daily transaction volume accounts for a small part of the total market value.Its circulation supply: 6,547,324 TAO, accounting for 31.18%of the total supply.This shows that the largest supply of more than one -third of the market is being traded or held.TAO’s maximum supply is 21,000,000 TAO, which is the upper limit of a fixed supply. This design is to prevent inflation and may increase scarcity over time.The market value is $ 11,936,827,522 after the entire dilution. If all TAOs are calculated at the current price, the market value will reach nearly $ 12 billion.
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TAO is also halved every four years like Bitcoin.Once the total issuance reaches half, the circulation rate will be halved.One block is mining every 12 seconds, which is equivalent to a halving incident every four years.The subsequent halving incident will occur according to the time interval corresponding to the half of the remaining TAO to be released, until the entire supply of 21 million TAOs enters the circulation.
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If you want to buy TAO, you can buy it through Mexc, Bitget, Gate.io, and Kucoin.TAO can also be purchased by Kujira Fin on the decentralized exchange.
4. Team/financing situation
There is an excellent team behind Bittersor.According to LinkedIn, the company has a total of 14 employees.Some people have doctorate degrees in physics and artificial intelligence.Most members of the team have computer science, artificial intelligence and engineering background and experience.
The co -founders of Bittersor are Jacob Steeves and Ala Shaabana.Jacob Steeves is the CEO and co -founder of Bittensor.He has the background of machine learning research and founded Bittersor to achieve the decentralization of artificial intelligence.He has also worked in Google for several years.Ala Shaabana is the chief operating officer and co -founder of Bittensor.He has a PhD.In machine learning.
As of now, it is known that Bittensor has completed three financing: Series A: Bittensor completed Series A financing on May 12, 2021.The amount was not disclosed, and it was marked as “secret”; early venture capital: Bittersor also completed other unsatisfactory early venture capital rounds; accelerator/incubator: Bittensor also completed a round accelerator/incubator on January 1, 2021, 2021, which also completed a round accelerator/incubatorPlan, the details are once again marked as “secret”.
Bittersor’s investors include venture capital companies such as Collab+Currency, Gravity Fund, NGC Ventures, OSS Capital, and Creative Destruction Lab, which indicates that diversified supporters believe in the company’s mission.
5. Tao and Bittersor’s future
Public cause expansion, network growth and ecological development
As the native currency of Bittersor, TAO plays a core role in the network economy.With the development of the Bittensor network, the utility of TAO may be extended to simple transactions, including governance, pledge and obtaining high -quality services, which may increase its value and demand.
If Bittersor successfully attracts more miners and users, the increase in online activities may lead to higher valuations of TAO due to the increase in usage.
Developing additional services and applications on Bittensor can create an ecosystem. Among them, TAO is used for various artificial intelligence -related services, which further integrates it into the artificial intelligence and blockchain market.
Research and Innovation
TAO can be used to fund research and innovation in the Bittensor network, thereby promoting the advancement of artificial intelligence and blockchain technology, thereby increasing the value of tokens.
Global artificial intelligence market
If Bittersor becomes a global market for artificial intelligence services, TAO may become a standard currency for artificial intelligence transactions, just like Bitcoin becomes synonymous with cryptocurrencies.
Regulatory compliance
With the development of artificial intelligence and blockchain regulations, the design of TAO may adapt to these new standards, which may make it a more stable and reliable asset.
Cooperation and integration
The strategic partnerships of other blockchain networks, data providers and artificial intelligence companies may bring wider use cases to TAO and integrate them into other platforms.
6. Conclusion
In short, the integration of artificial intelligence and blockchain technology (taking Bittersor and other networks as an example) has potential to create a more open, transparent and collaborative artificial intelligence environment.As the native currency of Bittersor, the future potential of TAO depends on whether the network can cultivate a powerful ecosystem. In this ecosystem, the artificial intelligence model can be trained, shared and used in a safe and decentralized manner.
With the development of Bittensor and similar platforms, they can make smaller entities compete with large organizations in terms of cutting -edge artificial intelligence tools, which has a significant impact on various industries.In addition, the use of TAO can inspire the continuous improvement and deployment of artificial intelligence models, thereby promoting innovation and cycle.
The success of TAO may depend on several factors, including scalability of the Bittersor network, the ease of use of miners and consumers of artificial intelligence services, the ability and reliability of the network to ensure the quality and reliability of artificial intelligence output, and the overall blockchain useIt is different from artificial intelligence technology to different fields.
If Bittersor can cope with these challenges and use the opportunities brought about by the integration of artificial intelligence and blockchain, TAO may become a key asset in centralized artificial intelligence services.This will not only increase the value of TAO as the token, but also position Bittersor as a key participant in the future of artificial intelligence and blockchain.
