BitTensor (TAO)

BitTensor (TAO) is a blockchain project designed to establish an open marketplace for artificial intelligence. Rather than concentrating AI development within a single corporation, the network enables thousands of independent computers globally to create and compete with AI models. Participants earn rewards in the native digital coin, TAO, based on the utility and quality of their contributions. This decentralized system operates on a blockchain that maintains a transparent, immutable record of contributions and distributes rewards without central authority intervention.

Core Mechanics

• The protocol functions as a decentralized network where building AI is accessible to anyone with a computer.
• It aims to democratize access to powerful AI tools currently held by large companies.
• The network is structured into smaller competitions known as subnets.
• With a maximum supply capped at 21,000,000 tokens, the project launched its market data recording in 2023.