Bittensor is an innovative project in the field of artificial intelligence, offering a decentralized network to reward machine learning models. Its token, TAO, enables the incentivization of developers, network security, and governance participation.
Understanding the Bittensor Ecosystem
Bittensor is a decentralized blockchain-based network that rewards machine learning models for contributing valuable intelligence. Its goal is to simplify the development and sharing of AI models through a peer-to-peer network. The project was launched by Jacob Steeves and Ala Shaabana in 2021.
TAO Tokenomics and Wrapped TAO
TAO serves as both an incentive mechanism and governance tool for the Bittensor AI network. Its structure includes a total supply of 21 million TAO, mining rewards, staking, and governance voting. Wrapped TAO (wTAO) is an ERC-20 version of TAO that allows interaction with the Ethereum ecosystem.
Where to Buy and How to Store TAO
TAO is available on major exchanges like Binance, Coinbase, and others supporting the Bittensor ecosystem. Secure storage options include wallets like TrustWallet, Tensor, and Ledger Nano X.
TAO is quickly becoming the backbone of a decentralized AI economy, ascending in cryptocurrency rankings. Understanding aspects like subnets and TAO tokenomics is crucial for those involved in trading, staking, or contributing AI models.
