What is Bittensor? Bittensor is an open source protocol that supports Machine-Learning combined with Blockchain technology. The project is a unique combination of Blockchain and AI technology. So what’s special about Bittensor? Let’s find out with HAK Research in this article.
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Bittensor Overview
What is Bittensor?
Bittensor is an open source protocol that supports Machine-Learning combined with Blockchain technology. The project aims to build a decentralized infrastructure that allows developers or AI researchers to create and deploy Machine-Learning models efficiently. Along with that is the vision of creating an AI market where users and manufacturers can interact and transact through transparent and fast Blockchain technology.
Bittensor introduces the mechanism for the first time Proof of Intelligence (PoI) used by this network. It is a similar variation to the Proof of Stake or Proof of Work models. PoI is built to verify and validate AI datasets created by Validators. However, instead of solving complex algorithms, Nodes on PoI’s network will be asked to perform Machine-Learning tasks to demonstrate their intelligence. These Nodes are called AI Nodes.
“Machine-Learning shows off their intelligence” refers to Bittensor’s architectural design being inspired by cognitive processes observed in the human brain. Each computational unit in the Bittensor system, called a Neuron, consists of three essential elements: a model, a data set, and a loss function. These Neurons work collaboratively to optimize their respective loss functions by taking advantage of input data and communication between neurons.
The more accurate the output of the Machine-Learning model on the Node, the higher the chance of being selected to create a new Block on the network. From there, receive Block Reward in the form of TAO tokens.
What is Bittensor?
One of the key features of Bittensor is a consensus mechanism that allows a decentralized network of AI Nodes to jointly make decisions and verify data.
Bittensor provides AI developers access to a global network of computing resources to push the boundaries of AI innovation, enabling a decentralized network of AI Nodes to collaboratively make decisions and verify data. Whether. This decentralized approach not only strengthens the robustness and reliability of AI models but also ensures data privacy and sovereignty at all times.
What is the Bittensor difference?
The highlight of the project lies in Bittensor’s core technology, which has outstanding features such as:
- Multi-language programming: They can be written in Rust, Python, C++ or any other programming language.
- Yuma Consensus: is a mechanism launched on the network to ensure that there is consistency between Validators.
- Does not depend on algorithms like traditional PoW mechanisms.
- Information can be changed: Most other Blockchains write authentic information right on their network. However, with Yuma Consensus, Machine-Learning models can learn and adapt without any information moving between the Chain and Validators.
Development Roadmap
Update…
Core Team
The founding team of Bittensor is Opentensor Foundation with about 50 members, of which core members are:
Founder: Jacob Robert Steeves
- He graduated from Simon Fraser University with a Bachelor of Mathematics and Computer Science.
- After that, he got his first job as a Machine Learning Researcher at Knowm Inc.
- By 2016, he worked for Google as a Software Engineer.
- Then, in 2018, he and the founding team of Bittensor applied groundbreaking Blockchain and AI technology.
Co-founder: Ala Shabana
- In 2006, he attended the University of Windsor, and graduated with a Bachelor of Computer Science with a Major in Software Engineering.
- In 2016, he took the position of MTS Intern – Application Cloud Services at VMware, then moved to the role of Software Engineer (R&D) in 2017.
- He continued his career as a Software Developer at FirmChannel from 2018 to 2023.
- Meanwhile, he and Jacob founded Bittensor.
Investor
Investors of the project include: Digital Currency Group, Polychain Capital, FirstMark, Capital GSR. However, there is no exact information about the number of Funding Raises in each Round.
Tokenomics
Basic information about TAO token
- Token name: Bittensor
- Ticker: TAO
- Blockchain: Bittensor
- Standard: Native token
- Total Supply: 21,000,000 TAO
Token Allocation
Update…
Token Release
TAO’s supply is 21,000,000 and rewards will be halved every 10,500,000 Blocks. There will be 64 Having events, with the first occurring in August 2025.
Token Use Cases
- Pay transaction gas fee.
- Rewards for miners, or Validators, who participate in validating transactions and securing the network.
- Rewards for community-oriented initiatives.
- As a means of payment to access AI services and applications built on Bittensor’s network.
Exchanges
Currently TAO is present on exchanges: Gate.io, MEXC, Bitget, BingX.
Bittensor’s Information Channel
Summary
Bittensor is a unique combination of Blockchain and AI technology. Hopefully through this article, we can better understand the project. With AI being the current hot trend, the project has seen significant growth. This is a Blockchain that will follow the trend of sustainable construction, not just to create user trends. There will be many things to look forward to and follow Bittensor in the near future.
