How Does Bittensor TAO Work? (TAO Tokenomics Explained)

Рет қаралды 6,069

Күн бұрын

🤔 What is Bittensor?
Bittensor, also known by the market ticker TAO, is an open-source, blockchain-based protocol that powers a decentralised machine learning network.
At its core, Bittensor enables the exchange of machine learning capabilities and predictions among participants in a network.
These machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective.
💡 What makes Bittensor unique?
Bittensor wants to take away the centralisation of artificial intelligence that has currently been set by the likes of Meta, Microsoft, Google, and so on.
The main concept behind Bittensor is to compete with the few supercomputers available to these individual big companies by instead trying to utilise every computer available on the internet.
💰 TAO Tokenomics
TAO was fair-launched in 2021, meaning no tokens were pre-mined or available before the official launch.
The total supply of TAO is 21,000,000 with a halving cycle occurring every 10.5 million blocks.
Currently, the block rate is set at one block every 12 seconds, meaning the first halving event for the Bittensor network is likely to occur around August 2025.
👀 Read More about Bittensor: www.iexplaincrypto.com
Timestamps ⏳
00:00 Intro
1:00 What is Bittensor?
1:52 How does Bittensor work?
4:30 What makes Bittensor unique?
5:31 TAO Tokenomics
❓ Q & As ❓
Start from the basics:
🎬 What Is BITCOIN: • Bitcoin Explained: Fro...
🎬 What Is a BLOCKCHAIN: • Blockchain Explained: ...
🎬 Banks vs Cryptocurrencies: • Say Goodbye to Banks! ...
🎬 Decentralized Finance vs Centralized Finance: • From Banks to Blockcha...
🎬 Crypto Technical Analysis: • Cryptocurrency Trading...
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Пікірлер: 59

@ExarthTeam 17 күн бұрын

best explation of Bittensor

@cryptojuggle9943 6 ай бұрын

I can't believe I found the best TAO explanation on a channel with less than 1k sub! Keep good work your channel will explode

@iexplaincrypto 6 ай бұрын

Now that’s one of the best comments! Thank you so much and I am glad you found the video useful 🙏

@ikust007 6 ай бұрын

I know. He is exceptional

@ExarthTeam 17 күн бұрын

Best explanation of Bittensor

@iexplaincrypto 17 күн бұрын

Thank you!! 🙏

@lovingthink 7 ай бұрын

This is the best and clear explanation of Bittensor I've seen until now.

@iexplaincrypto 7 ай бұрын

Hey, thanks a lot!!

@michaelcawley3483 4 ай бұрын

I totally agree after months of researching Tao this is by far the best presentation I have ever seen. Gracias Mucho !!

@TheKareem28 7 ай бұрын

The video was exceptionally well-explained.

@iexplaincrypto 7 ай бұрын

Thank you!! 🙏

@kyleeva21 28 күн бұрын

Late to the party, but this is an excellent video!

@iexplaincrypto 28 күн бұрын

Thank you so much 🙏 I think you are not late at all!

@msmoove8154 2 ай бұрын

Thank you bro. I finally know it’s use case 😂. 🔥

@iexplaincrypto 2 ай бұрын

Lol 😅 You’re welcome 🙏

@yannho-a-sim5815 4 ай бұрын

I've landed here from a video you've made about Qubic. By far the best explanations about cryptos. Great content

@iexplaincrypto 4 ай бұрын

Thank you so much! Let me know if you would like to see any other project in the future.

@sniperrabijn2469 4 ай бұрын

Brilliant. 🤝🏼

@forkeys7075 6 ай бұрын

Wow this video is one of the best suggestions youtube gave me in months. Great explanation, very clear and to the point, just what I need to start off researching projects! New sub!

@iexplaincrypto 6 ай бұрын

Thank you so much!! If you have any suggestions for future videos, please let me know 🙏

@BroncoBill321 3 ай бұрын

Great video this.. thanx

@Jobsucherfreaks 4 ай бұрын

Wow, great video, much effort, but thanks!

@iexplaincrypto 4 ай бұрын

Thank you so much!! 🙏

@seancurran2226 6 ай бұрын

Good job, thanks

@iexplaincrypto 6 ай бұрын

Thank you!!

@Lala-uc8lr 7 ай бұрын

Looks like a cool project, I missed the pump on this

@jeevzthegod 7 ай бұрын

Here’s your dip

@iexplaincrypto 7 ай бұрын

Historically the bull run starts few months after the BTC halving. Nothing is guaranteed though, proceed with caution and always do your own research!

@Lala-uc8lr 7 ай бұрын

We are in a bill market now

@iexplaincrypto 7 ай бұрын

Not yet, we are in a rally with most alts not having pulled significant moves yet. Historically, the bull run starts few months after the halving.. in my opinion probably Oct-Nov 2024. That’s my opinion of course.

@apolicum 7 ай бұрын

@@jeevzthegod If a coin pumps in 1 month from $50 to $300 and then "dips" to $250, you can call that "a dip", you still missed the pump on this. If it falls back to $140 I start buying, otherwise I'll focus on other coins.

@Lala-uc8lr 7 ай бұрын

Could this rival open AI (close source) ?

@sniperrabijn2469 4 ай бұрын

You should have 1M subs. Keep the Spanish accent its amusing.

@iexplaincrypto 4 ай бұрын

Haha thanks but the accent is Greek, similar to Spanish I admit.

@ikust007 6 ай бұрын

2:36 I would prefer you said : falsely accused of badly spending energy

@BroncoBill321 3 ай бұрын

No block explorer is very concerning

@tim-bob2737 2 ай бұрын

has anyone actually used Bittensor AI?

@iexplaincrypto 2 ай бұрын

Good question. I guess so, judging from its recent popularity. I wonder how many have used crypto AI rather than off-chain AI, such as ChatGPT or Midjourney.

@FinalCurse 7 ай бұрын

Decentralized machine learning network = skynet RIP EVERYONE

@lovingthink 7 ай бұрын

"DeAI + Secure Metaverse" is the way how we protect us from evil AI, which is like Dark Web separated from Normal.

@sagatdk2843 3 ай бұрын

like and subscribe. need video how to make mining and is mining worth it

@iexplaincrypto 3 ай бұрын

Thanks!! I believe you can find better sources on how to mine TAO and if TAO is worth mining or not. Better reach out to their discord community for that, they should have dedicated channels.

@sagatdk2843 3 ай бұрын

@@iexplaincrypto your explanation about Tao was the best at internet)

@iexplaincrypto 3 ай бұрын

Thank you !!

@allago11 5 ай бұрын

explain koinos $koin

@iexplaincrypto 5 ай бұрын

I will add it to my watch list, thanks.

@allago11 5 ай бұрын

@@iexplaincrypto its very cool . Transactions at zero fees . You hold koin and it generates mana that you use to pay transactions. Generates and rigenerates mana just holding

@islamonlysolution461 7 ай бұрын

nice project but too late

@iexplaincrypto 7 ай бұрын

Why is it too late? Bull run hasn’t even started yet, historically speaking.

@islamonlysolution461 7 ай бұрын

its too much high price there are other price much low to buy @@iexplaincrypto

@Matelar 7 ай бұрын

Haha this shit will flip Ada soon and hit 100 bil mc. You are in the very beginning. Its like buying eth at 80 usd😅

@apolicum 7 ай бұрын

@@Matelar The "very beginning" was $50. The last thing you can say about a +billion market cap coin is that it is "in the very beginning" lol. But yeah, it could still 100x from here of course.

@northernmonkey8652 6 ай бұрын

Good video. Nice project. Still early days

@ikust007 6 ай бұрын

Sorry but this time …not sure I understand/agree even. How is the AI part replacing the game solving puzzle of the POW ??

@iexplaincrypto 5 ай бұрын

Instead of validating transactions and thus using more energy etc, Bittensor's miners work together to train AI models. Then the PoS part comes in where validators validate the data provided by the miners (PoW).

@ikust007 5 ай бұрын

@@iexplaincrypto wow!