Bittensor is a blockchain-based machine learning network that aims to create a peer-to-peer intelligence market using Bitcoin as inspiration. The Opentensor Foundation created Bittensor to be a decentralized, incentivized language model that uses distributed computing to become the winner in a winner-take-all market. Miners are rewarded in TAO, the native token of the blockchain, based on their contribution. Validators measure and value miners' contributions using other intelligence systems. The project was launched with no pre-mined tokens and a maximum supply of 21 million coins, with 5 million currently circulating. The project's low valuation indicates the Opentensor Foundation's focus on creating a good project rather than short-term profits or easy exit opportunities. Bittensor is the natural evolution of Bitcoin, building upon the concept of a digital commodity to create digital markets for artificial intelligence computing power. The blockchain is a Parachain on Polkadot, allowing for cheap transactions and fast confirmations.
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