
Bittensor TAOPrice $ 218.87
Rank: 47
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What is Bittensor (TAO)?
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, Bittensor 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.
Bittensor Price Today
Bittensor's current price is $ 218.87, it has increased +5.34% over the past 24 hours.
Bittensor's All Time High (ATH) of $ 756.84 was reached on 7 Mar 2024, and is currently -71.1% down.
The current circulating supply of Bittensor is 8.56 Million coins, and the maximum supply of Bittensor is 21.00 Million.
Bittensor’s 24 hour trading volume is $ 93.62 Million.
Bittensor (TAO) operates on its own blockchain.
Bittensor's current share of the entire cryptocurrency market is 0.07%, with a market capitalization of $ 1.87 Billion.
You can find more details about Bittensor on its official website and on the block explorer.
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