The integration of blockchain technology and artificial intelligence has been quite a boost for the crypto industry, enabling machine-learning models to carry out the activities involved in crypto transactions. One evident example of this integration is Bittensor, an infrastructure that enables machine-learning model training and rewards users according to the value of the information they provide. The platform aims to utilize the capability of artificial intelligence to create an incentivized arena where producers and consumers can share a trustless, open, and transparent environment. In this article we will discuss more about the Bittensor(TAO), highlighting its origin and the key concerns it aims to address.
What is Bittensor (TAO)?
Bittensor (TAO) is a decentralized platform that aims to build and deploy machine learning models on the blockchain, facilitating large-scale training through computing. The platform allows users to provide the information required to train the models and in return, they are rewarded with TAO, the native token of the network, according to the worth of the provided information.
The Bittensor network comprises a large number of nodes, each with unique machine-learning models. These nodes collaborate to analyze and evaluate large collections of data and develop major insights from them. The two types of nodes, servers, and validators are responsible for the facilitation of transactions and the distribution of TAO tokens.
The validator sends a tokenized text to the server and in response, the server sends logits, marking the first value-generating action of the network. The validator provides a score for the server based on the utility of the provided information. The tokens are rewarded based on the scores generated. While registering on the network the users can choose whether they want to be a validator or server and contribute knowledge to the network for training the machine learning models.
The Origin of Bittensor (TAO)
Bittensor is a platform built for developing and trading digital commodities. It was founded in 2019 by Jacob Robert Steeves and Ala Shaabana with the goal of creating a full-fledged platform for artificial intelligence and machine learning showcasing the potential of blockchain technology. Though these two people are known as the founders, Yuma Rao is the name commonly associated with Bittensor, similar to Satoshi Nakamoto in Bitcoin history.
The Key Issues TAO Aims to Solve
With its launch, Bittensor aims to solve major challenges in the AI industry, one being the centralization of control and the other being the limited decentralized utilization of AI.
Bittensor is not another AI system, it is a decentralized and open-source network that allows users to actively participate in governance and decision-making, ensuring transparency and fostering community development. The unique approach allows everyone to develop AI models in the network, ensuring AI models can operate without the control of a central entity.
Bittensor (TAO) utilizes the scope of artificial intelligence in a decentralized way. The AI models can be developed and trained by computers around the world through the Bittensor network. The higher the computers used in the network, the higher the resource and computing power available, increasing the efficiency and performance of development.
With the launch of Bittensor, the AI industry has become more democratized and more accessible to developers and users alike.
TAO, The Native Token of the Bittensor Network
TAO is the native cryptocurrency of the Bittensor network, used as a rewarding token for users and developers for contributing information to machine learning models. The network participants are incentivized depending on the value of information they provide for training machine learning models. The consensus mechanism used in Bittensor rewards the nodes at an increasing rate. It determines the most efficient nodes and provides them with the highest number of TAO tokens.
Apart from reward, the TAO token holders are offered governance rights in the Bittensor ecosystem, allowing them to contribute to the strategies and development of the network.
Final Thoughts
Bittensor(TAO) is a promising blockchain platform that utilizes proof of intelligence consensus to reward nodes for contributing to the machine learning model training. The platform has changed the way in which AI systems have been deployed, enabling a decentralized approach that allows everyone to access and contribute to the machine learning models. The launch of Bittensor has changed the perception of AI systems, and as the years pass we can expect more such innovations from this network, contributing to a transparent and fair market for artificial intelligence.