Bittensor is a Decentralised Incentivised Machine Learning Network and Digital Commodities Market
Unpacking that statement:
Decentralised: Unlike a centralised company where the infrastructure is controlled by a single entity, Bittensor is run on a distributed network of computers that are owned and operated by many (thousands) of different individuals or companies. This decentralisation improves resilience, and removes central points of failure.
Incentivised: Incentivisation is achieved through the use of Bittensor’s native token $TAO. Participants are rewarded with tokens proportional to the value of their contribution to the network, with the lowest valued participants being replaced at a defined period – ensuring that the entire network is not only performant but also strives to improve.
Machine Learning Network Bittensor was designed around machine learning tasks. One of the biggest concerns in machine learning is compute power, and a decentralised machine learning network provides Bittensor participants with access to immense computing power.
Digital Commodities Market Although designed for machine learning, the (Re)evolution of Bittensor and the data agnostic principles of Yuma consensus have allowed it to adapt itself to not only provide a marketplace for Intelligence but for any digital commodity that can be produced and valued by network participants.
