Topic: [ANN][POK/POI] Bittensor: Tτ | Internet-scale Neural Networks - page 2. (Read 336 times)
Is that some kind of fu*&* joke ?? One million blocks mined. Developers mined on they own and now looking for buyers
This is not an official announcement from the Bittensor team. I personally hold some Tao.
Bittensor Tτ
Bittensor is a peer-to-peer marketplace that rewards the production of machine intelligence.
It utilizes state-of-the-art techniques such as mixture of experts and knowledge distillation in order to create a peer-to-peer
network that incentivizes knowledge production, where producers can sell their work, and consumers can buy this knowledge
to make their own models better. This opens the door for collaborative intelligence, where researchers are incentivized
to help each other produce more powerful models. Ultimately, this “cognitive economy” has the potential to open a new
frontier for the advancement of AI as a whole.
It utilizes state-of-the-art techniques such as mixture of experts and knowledge distillation in order to create a peer-to-peer
network that incentivizes knowledge production, where producers can sell their work, and consumers can buy this knowledge
to make their own models better. This opens the door for collaborative intelligence, where researchers are incentivized
to help each other produce more powerful models. Ultimately, this “cognitive economy” has the potential to open a new
frontier for the advancement of AI as a whole.
At Bittensor, we are creating an open, decentralized, peer-to-peer network that functions as a market system for the development of artificial intelligence.
Our purpose is not only to accelerate the development of AI by creating an environment optimally conducive to its evolution but to democratize
the global production and use of this valuable commodity. Our aim is to disrupt the status quo: a system that is centrally controlled, inefficient and unsustainable.
In developing the BitTensor API, we are allowing standalone engineers to monetize their work, gain access to sophisticated machine intelligence models and join
a community of innovative, forward-thinking minds.
Our purpose is not only to accelerate the development of AI by creating an environment optimally conducive to its evolution but to democratize
the global production and use of this valuable commodity. Our aim is to disrupt the status quo: a system that is centrally controlled, inefficient and unsustainable.
In developing the BitTensor API, we are allowing standalone engineers to monetize their work, gain access to sophisticated machine intelligence models and join
a community of innovative, forward-thinking minds.
The nodes in Bittensor are miners in that they are mining machine knowledge from datasets.
The miners learn from that dataset by learning in conjunction with the other miners
It's a giant Neural Network with tensors and gradients being passed around
The chain facilitates a peer ranking system where the nodes agree on who is generating useful information in the system
the miners submit weights to the chain which produce an overall ranking for each miner
the chain then uses that ranking to distribute tokens
The miners learn from that dataset by learning in conjunction with the other miners
It's a giant Neural Network with tensors and gradients being passed around
The chain facilitates a peer ranking system where the nodes agree on who is generating useful information in the system
the miners submit weights to the chain which produce an overall ranking for each miner
the chain then uses that ranking to distribute tokens
Specifications
Ticker: TAO
Consensus: Yuma Consensus Algorithm
Distribution Algorithm: Proof of Knowledge/Intelligence
Max Supply: 21 Million
Pre-mine: None
Block Rewards: 1 TAO
Reward halving: Same inflation curve as Bitcoin.
Decimal Places: 9
Block Time: 12s
Genesis Block (Kusanagi Launch): 2021-01-09
Blocks mined from Kusanagi launch before switch: 1,805,945 @ 6s blocks 0.5 tao per block
Genesis Block (Nakamoto (re)launch): 2021-11-02
Blocks mined since Nakamoto launch 2022-03-30: 1,059,330
Current issuance of Tao (2022-03-30 12:08PM EST):1,605,520 TAO
Genesis Block (Finney; Subnets launch): 2023-03-20
The Bittensor blockchain is based on substrate and is written in Rust.
Ticker: TAO
Consensus: Yuma Consensus Algorithm
Distribution Algorithm: Proof of Knowledge/Intelligence
Max Supply: 21 Million
Pre-mine: None
Block Rewards: 1 TAO
Reward halving: Same inflation curve as Bitcoin.
Decimal Places: 9
Block Time: 12s
Genesis Block (Kusanagi Launch): 2021-01-09
Blocks mined from Kusanagi launch before switch: 1,805,945 @ 6s blocks 0.5 tao per block
Genesis Block (Nakamoto (re)launch): 2021-11-02
Blocks mined since Nakamoto launch 2022-03-30: 1,059,330
Current issuance of Tao (2022-03-30 12:08PM EST):1,605,520 TAO
Genesis Block (Finney; Subnets launch): 2023-03-20
The Bittensor blockchain is based on substrate and is written in Rust.
Distribution
The Bittensor incentive mechanism uses a set of weights, a weight matrix, to inform the distribution of newly minted stakes.
Individual rows in this weight matrix are set by other miners in the network as they learn your importance to their subjective loss functions.
Your rank is thus given by the sum over all weights set towards you multiplied by the stake of the peer.
The Bittensor incentive mechanism uses a set of weights, a weight matrix, to inform the distribution of newly minted stakes.
Individual rows in this weight matrix are set by other miners in the network as they learn your importance to their subjective loss functions.
Your rank is thus given by the sum over all weights set towards you multiplied by the stake of the peer.
Wallet
There is currently no official wallet beyond the Bittensor CLI, btcli.
- btcli (CLI wallet)
- Opentensor's Chrome Extension Wallet
- Talisman (browser extension)
- Nova Wallet (mobile app)
- Sub Wallet (mobile app)
You can use PolkadotJS Oracle along with the PolkadotJS browser extension as a wallet.
- btcli (CLI wallet)
- Opentensor's Chrome Extension Wallet
- Talisman (browser extension)
- Nova Wallet (mobile app)
- Sub Wallet (mobile app)
You can use PolkadotJS Oracle along with the PolkadotJS browser extension as a wallet.
Exchanges
There are no exchange listings yet. Polkadot integration is targeted for early Q3, 2022.
Polakdot integration was abandoned for the time being, but a slot on DOT and KSM were acquired.
CoinGecko
CoinMarketCap
Polakdot integration was abandoned for the time being, but a slot on DOT and KSM were acquired.
CoinGecko
CoinMarketCap
Media/Resources
A Bittensor Lesson Medium Article
Meta-Averse Podcast
A Bittensor Lesson Medium Article
Meta-Averse Podcast
Projects
TAOStats (Network dashboard)
Corcel Generative AI (Chat and Image generation)
taoshi (Market price prediction)
wTAO TAOBridge (custodial TAO-ETH bridge)
TAOStats (Network dashboard)
Corcel Generative AI (Chat and Image generation)
taoshi (Market price prediction)
wTAO TAOBridge (custodial TAO-ETH bridge)
Edit: About original network launch
The project was announced on For.ai (2020), Hackernews (2020), Reddit(2020), Arxiv(2020) and Kaggle (Jan 2021), pre-launch.
In the first year, Satoshi mined ~60% of the tokens (bitcoin), and almost all of the first 500k, by comparison, the devs/founders of
Bittensor already have less than 60% of token circulation (which is 1.6M TAO circulating as of 2022-03-30) -- and have donated a larger
portion of that inflation to fund the project through the OpenTensor Foundation, all via mining after launch.
Further, as block times are quick, and block rewards are smaller, distributed using the Incentive mechanism,
the blocks that have been mined thus far (2022-03-30) would be equivalent to around 32,000 of the first bitcoin blocks.
The goal of the project is not to be the next cryptocurrency, but to improve and democratize the current machine learning landscape by
reducing the cost for researchers, companies, and individuals to train their own models, all through sharing knowledge via Bittensor.
The project was announced on For.ai (2020), Hackernews (2020), Reddit(2020), Arxiv(2020) and Kaggle (Jan 2021), pre-launch.
In the first year, Satoshi mined ~60% of the tokens (bitcoin), and almost all of the first 500k, by comparison, the devs/founders of
Bittensor already have less than 60% of token circulation (which is 1.6M TAO circulating as of 2022-03-30) -- and have donated a larger
portion of that inflation to fund the project through the OpenTensor Foundation, all via mining after launch.
Further, as block times are quick, and block rewards are smaller, distributed using the Incentive mechanism,
the blocks that have been mined thus far (2022-03-30) would be equivalent to around 32,000 of the first bitcoin blocks.
The goal of the project is not to be the next cryptocurrency, but to improve and democratize the current machine learning landscape by
reducing the cost for researchers, companies, and individuals to train their own models, all through sharing knowledge via Bittensor.
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