Bittensor PriceTAO

What is Bittensor?

It is a cryptocurrency platform launched in the year 2023 by Jacob Robert Steeves. The main aim of this platform is to provide an open decentralized network for Machine Intelligence. Enabling the peer to peer exchange of resources and to bring together all the AI models. This platform has created a network that changes machine intelligence in the form that can be exchanged or traded. It is a decentralized machine learning system which allows trading of machine learning skills and forecasts with all the applicants. TAO is the native token of this network. Its main purpose is to govern the network and it can be used to incentivize the applicants. 

This network is completely decentralized which means there is no room for a single participant to have control over the network. This helps to guarantee a complete transparent and open AI market, encouraging the developers across the globe to participate and contribute to this network.

The goal of this network is to build a platform based on incentives that can be used for the production and consumption of AI in an open and trustless environment. By using the blockchain technology this network provides an enhanced planning for the development of the platform and usage of AI. 

How is Bittensor Secured?

This network uses a comprehensive technology which is a combination of cryptographic, economic incentives and a consensus mechanism. This helps in providing enhanced security. Apart from its technology below mentioned are some other features that makes this network secure. 

• Decentralized Consensus Mechanism

This network uses the decentralized consensus mechanism to validate transactions and to manage the integrity of the network.  

• Cryptographic Security

This network strongly follows cryptographic algorithms which ensures secured conversation between nodes. 

• Node Verification

All the nodes on this network go through a strict verification process that guarantees secure and safe transactions. 

• Adaptive Defense Mechanisms

This network uses an adaptive defense mechanism that detects threats in real time and makes necessary changes.

How Will Bittensor Be Used?

This network is built to provide a decentralized and flexible platform for artificial intelligence and machine learning. Below are some of its uses. 

1. This network builds a marketplace for developers where the participants over the globe can exchange and coordinate with each other. 
2. This network incentivizes its participants with its native token TAO. Thus creating an extra income for users.
3. This network can be used to launch AI models on final devices like smartphones, IoT devices etc. This network can even be used to provide enhanced updates. 
4. This network works on a decentralized network which means it gives an open platform for researchers from all over the globe to contribute and participate in its working.

What Key Events Have There Been for Bittensor?

This network has seen a steady rise in its working. Soon after its launch it got engaged in many projects. Some of which are mentioned below. 

• In the year 2020 this network realizes its whitepaper and inception for creating a decentralized AI marketplace. 
• In 2021 it launched its native token TAO. The aim of this token is to govern the network and to serve as an incentive. 
• Soon after its token launch in the same year it went live for mining its genesis block. 
• Some of the significant events of this network are its collaborations and partnerships with different AI institutions, blockchain projects a d developers. 

Who Are the Founders of Bittensor?

Back in the year 2019 Jacob Steeves and Ala Shaabana created this network with an aim to bring developers across the globe under one decentralized platform. Due to their constant efforts this network provides a decentralized platform where models collaboratively take training and are rewarded with the native token TAO.