{"id":15099,"date":"2024-03-10T22:52:59","date_gmt":"2024-03-10T22:52:59","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=15099"},"modified":"2024-03-10T22:13:38","modified_gmt":"2024-03-10T22:13:38","slug":"bittensor-tao-combine-artificial-intelligence-blockchain","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/","title":{"rendered":"Bittensor (TAO): Combining Artificial Intelligence with Blockchain!"},"content":{"rendered":"<p><strong>Bittensor (TAO)<\/strong>, aiming to improve machine learning based on blockchain technology, the future of artificial intelligence? What is it used for?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#What_is_Bittensor_TAO\" title=\"What is Bittensor (TAO)?\">What is Bittensor (TAO)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#How_Does_It_Work\" title=\"How Does It Work?\">How Does It Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#What_are_the_Advantages\" title=\"What are the Advantages?\">What are the Advantages?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#The_Bittensor_Team\" title=\"The Bittensor Team\">The Bittensor Team<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#Investors_of_Bittensor_TAO\" title=\"Investors of Bittensor (TAO)\">Investors of Bittensor (TAO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/#Where_Can_TAO_Be_Purchased\" title=\"Where Can $TAO Be Purchased?\">Where Can $TAO Be Purchased?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Bittensor_TAO\"><\/span>What is Bittensor (TAO)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Bittensor<\/strong> is a mining network similar to Bitcoin and provides access to a machine learning model network in a censorship-resistant manner. By using digital incentives and directly rewarding participants, it aims to create a comprehensive, open-source ecosystem in the field of artificial intelligence.<\/p>\n<p><strong>Bittensor<\/strong>, aiming to implement the development of machine learning platforms, brings together the collective intelligence of artificial intelligence models by making the process decentralized and creating a peer-to-peer market for machine intelligence.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15147 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO.jpg\" alt=\"Bittensor (TAO)\" width=\"768\" height=\"325\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO-300x127.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_It_Work\"><\/span>How Does It Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Bittensor<\/strong> operates on a decentralized network, like Bitcoin. This means there isn&#8217;t a singular point of control. Instead of having one centralized server doing all the work, it does its job by spreading it over many different machines owned by individuals, known as miners.<\/p>\n<p><strong>Bittensor<\/strong> uses a unique consensus mechanism to ensure the consensus on the network over the best response. When a question is asked, multiple models (miners) give their responses. The network uses a system to determine the best response and sends this response back to the user.<\/p>\n<p><strong>Miners<\/strong> are the owners of these models. They keep their models running and ready to fulfill their tasks. Miners are rewarded with the ecosystem&#8217;s native token for their contributions.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15148 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO-1.jpg\" alt=\"Bittensor (TAO)\" width=\"768\" height=\"432\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO-1.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bittensor-TAO-1-300x169.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Advantages\"><\/span>What are the Advantages?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The advantages of Bittensor are as follows:<\/p>\n<ul>\n<li><strong>Decentralized Structure:\u00a0<\/strong>Bittensor, by offering a decentralized network structure, allows machine learning models to collaborate in a distributed manner worldwide.<\/li>\n<li><strong>Reward System:\u00a0<\/strong>Machine learning models that contribute to the network and provide knowledge value are rewarded with the TAO token, the ecosystem&#8217;s native token.<\/li>\n<li><strong>Energy Efficiency:\u00a0<\/strong>By using the Proof of Stake (PoS) mechanism, it offers a more efficient energy structure compared to the Proof of Work (PoW) mechanism.<\/li>\n<li><strong>Global Access:\u00a0<\/strong>As an open-source artificial intelligence repository, it provides a platform that everyone can access.<\/li>\n<li><strong>Distributed Resource Usage:\u00a0<\/strong>It offers the opportunity to use distributed computing power and innovation resources worldwide within an incentivized framework.<\/li>\n<\/ul>\n<div class=\"message\">\n<div class=\"content\" tabindex=\"0\" aria-description=\"\">\n<div class=\"ac-container ac-adaptiveCard\">\n<div class=\"ac-textBlock\">\n<p>These advantages enable Bittensor to offer an innovative and optimized strategy for the development and distribution of artificial intelligence technology.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Bittensor_Team\"><\/span>The Bittensor Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Bittensor&#8217;s white paper, similar to Satoshi Nakamoto in Bitcoin, a pseudonym &#8220;<strong>Yuma Rao<\/strong>&#8221; is mentioned. It is not known whether this person really exists and there is no more information about him. However, the names behind the <strong>Bittensor Foundation<\/strong> are publicly known. There are many people working for the foundation, some of whom are former <strong>Google<\/strong> employees or researchers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15149 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/The-Bittensor-Team.jpg\" alt=\"The Bittensor Team\" width=\"768\" height=\"535\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/The-Bittensor-Team.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/The-Bittensor-Team-300x209.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Investors_of_Bittensor_TAO\"><\/span>Investors of Bittensor (TAO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15150 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Investors.jpg\" alt=\"Investors\" width=\"768\" height=\"106\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Investors.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Investors-300x41.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"learn-more-root\">\n<p class=\"learn-more-control\"><strong>What is TAO?<\/strong><\/p>\n<p>The <strong>TAO<\/strong> token is the native cryptocurrency of the Bittensor network. It has several fundamental functions and purposes within the ecosystem:<\/p>\n<ul>\n<li><strong>Incentive:\u00a0<\/strong>TAO is used to incentivize various participants in the Bittensor network. Thanks to the reward mechanism, it incentivizes the provision of computing power necessary for decentralized machine learning processes.<\/li>\n<li><strong>Staking:\u00a0<\/strong>Users need to stake TAO tokens to participate in the network as miners and earn rewards. It also safeguards the network by preventing any participant from exhibiting malicious behavior.<\/li>\n<li><strong>Governance: <\/strong>TAO holders can participate in the governance of the network and vote in decision-making processes such as protocol upgrades.<\/li>\n<li><strong>Transaction Fees:\u00a0<\/strong>Transactions in the Bittensor network typically require a fee payment. These fees are paid with TAO.<\/li>\n<li><strong>Economic Model:\u00a0<\/strong>TAO underpins the network&#8217;s economic model. It is designed to balance supply and demand for computing resources, harmonize incentives among participants, and facilitate the exchange of value within the ecosystem.<\/li>\n<li><strong>Access to Services:\u00a0<\/strong>Users who need machine learning services provided by the Bittensor network can pay for these services using TAO.<\/li>\n<\/ul>\n<p>The total supply of TAO is <strong>21,000,000<\/strong>. The circulating supply at the time when this article was written is <strong>6,327,131<\/strong> and it is traded at the level of <strong>$608<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_Can_TAO_Be_Purchased\"><\/span>Where Can $TAO Be Purchased?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>TAO<\/strong>, the native token of the Bittensor ecosystem, is traded on exchanges such as Gate.io, KuCoin, BingX, Bitget.<\/p>\n<hr \/>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/exchanges\"><em>If you don&#8217;t already have an account on these exchanges, you can click <strong>here<\/strong> to register and take advantage of the lifetime applicable commission discount!<\/em><\/a><\/p>\n<\/div>\n<hr \/>\n<p data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube,<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bittensor (TAO), aiming to improve machine learning based on blockchain technology, the future of artificial intelligence? What is it used for? What is Bittensor (TAO)? Bittensor is a mining network similar to Bitcoin and provides access to a machine learning model network in a censorship-resistant manner. By using digital incentives and directly rewarding participants, it<\/p>\n","protected":false},"author":1,"featured_media":15098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[3945,677,4859,480,653],"class_list":["post-15099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-bingx","tag-bitget","tag-bittensor-tao","tag-gate-io","tag-kucoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bittensor (TAO): Combining Artificial Intelligence with Blockchain! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"What is Bittensor (TAO), aiming to improve machine learning based on blockchain technology, the future of artificial intelligence?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bittensor-tao-combine-artificial-intelligence-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bittensor (TAO): Combining Artificial Intelligence with Blockchain! 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