Bittensor is essentially a language for writing numerous decentralized commodity markets, or âsubnetsâ, situated under a unified token system. These distinct markets function through Bittensorâs Blockchain, allowing each to interact and join into a singular computing infrastructure. By analogy, Bittensor brings the same type of abstraction which Ethereum added to Bitcoin for running decentralized contracts, but onto Bitcoinâs inverse innovation â digital markets.
Understanding Bittensor is difficult for the exact same reason that it is powerful. This is because the majority of Bittensorâs computational power is not concretely defined, but instead abstracted underneath markets. For instance, Bittensor leverages Machine Learning models to produce intelligence products, but Bittensor also leverages physical storage to create storage products. Meanwhile, it does not define the specifics of how these resources are produced. Instead, Bittensor simply defines the market which will reward those commodities for becoming available to the network.
Internet-scale machine learning
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Apps
Consensus mechanism
The consensus mechanism of the Bittensor blockchain is a unique combination of deep learning and blockchain consensus algorithms. It is based on two main components: âProof of Intelligenceâ and âProof of Attentionâ (PoA) [1][2]. This innovative approach aims to reward nodes that contribute valuable machine-learning models and outputs to the network, making it a pioneering platform in the blockchain world[3]. The consensus mechanism enables the network to efficiently and scalably perform AI computations by integrating deep learning for complex tasks and blockchain consensus algorithms for trust, security, and decentralization[5].
Citations: [1] https://bittensor.org [2] https://blockgeeks.com/guides/bittensor/ [3] https://learn.bybit.com/blockchain/what-is-bittensor-tao/ [4] https://docs.bittensor.com/learn/introduction [5] https://cryptorank.io/news/feed/847fa-bittensor-revolutionizing-ai-with-blockchain