Market Cap
$3,651,460,080.0
Fully Diluted Valuation
$9,369,780,000.0
24 Hour Trading Vol
$183,175,932.0
Circulating Supply
8,183,504.0
Total Supply
21,000,000.0
Max Supply
21,000,000.0
Bittensor Price
$446.18
24h Range
$403.95 - $466.52
Percent Change 1h
0.76%
Percent Change 24h
9.74%
Percent Change 7d
-2.99%
All-time high
$757.60
All-time low
$30.83
1D
7D
1M
1Y
Bittensor (TAO) is a decentralized, open-source protocol designed to create a network of artificial intelligence (AI) models that can communicate and collaborate. It operates on a unique blockchain technology that incentivizes participants to contribute their computational resources and AI models. The main goal of Bittensor is to democratize access to AI by allowing anyone to participate in the network and benefit from the collective intelligence of its participants. As of 2024, TAO is utilized in various applications, ranging from natural language processing to data analysis, enabling models to learn and improve continuously through interactions within the ecosystem.
Bittensor was founded by a team of innovators in AI and blockchain technology, including Sam Hart, Gavin McCormick, and Jesse Walden. They aimed to bridge the gap between AI and decentralized networks, creating a platform where AI models could benefit from a shared infrastructure. The founders have backgrounds in computer science and machine learning, which contributes to their vision of building a robust and scalable AI ecosystem.
Bittensor operates on a proof-of-work consensus mechanism, where participants (known as "miners") contribute their computational power to train and validate AI models. Each participant runs a node that can either serve as a client for performing AI tasks or as a server for providing AI services. When a node completes a task, it is rewarded with TAO tokens, which can be traded or used within the network. The network employs a unique mechanism called "memory" that allows nodes to retain information over time, improving the efficiency and accuracy of AI models. Through this decentralized approach, Bittensor aims to create a self-sustaining ecosystem that benefits both individual participants and the collective intelligence of the network.
Bittensor has several prominent use cases, including:
To keep your Bittensor (TAO) tokens and participation secure, follow these best practices:
Investing in Bittensor (TAO) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Bittensor: Once your account is funded, you can purchase Bittensor directly from the exchange. Choose the desired amount and complete the transaction.
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Bittensor (TAO) is currently trading at $446.18 and exhibits good potential for future growth. Check the latest Bittensor (TAO) price prediction.
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