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Since 2023, AI (artificial intelligence) and ML (machine learning) algorithms have been taking the business world by storm. And even with the commence of the new year in 2024, the symbiotic integration of AI and ML continues to be a driving force, reshaping how businesses operate, make decisions, and engage with their customers. The blockchain industry isn’t indifferent to the current AI revolution we’re all witnessing. A number of crypto projects are actively leveraging AI and ML models to deliver decentralized, blockchain-based solutions.
One of the most exciting projects in this rapidly growing niche is Bittensor (TAO), a platform that can be described as a massive decentralized ML computer. More precisely, the Bittensor protocol is a decentralized machine learning network where miners provide access to their ML algorithms and models, while clients use the outputs of these algorithms and models for their own applications.
Key Takeaways:
Bittensor is a decentralized marketplace that brings together providers and consumers of ML algorithms and models.
It uses a competitive ML output selection process known as Proof of Intelligence (PoI), whereby the most accurate ML model out of many is provided to a client’s request. This helps consumers of ML access quality algorithms and also encourages R&D in the ML development field.
Its native token, TAO, drives the entire Bittensor network. Like Bitcoin (BTC), TAO has a maximum supply of 21 million tokens.