Name: Bittensor
Brand: Binance
Price: 264.28 USD
Availability: InStock

Price of Bittensor Today

The live price of Bittensor is $264.28 per (TAO / USD) with a current market cap of $2.85B USD. 24-hour trading volume is $416.66M USD. TAO to USD price is updated in real-time. Bittensor is +11.71% in the last 24 hours with a circulating supply of 10.77M.

TAO Price History USD

Date Comparison	Amount Change	% Change
Today	$27.70	+11.71%
30 Days	$107.96	+69.07%
60 Days	$-27.21	-9.33%
90 Days	$-17.13	-6.09%

Bittensor Chart Performance

24h Low & High

Low: $233.72

High: $269.36

The highest and lowest price paid for this asset in 24 hours.

All Time High

$767.68

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.35%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

+11.71%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+48.87%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $233.72

High: $269.36

All Time High

$767.68

Price Change (1h)

+0.35%

Price Change (24h)

+11.71%

Price Change (7d)

+48.87%

About Bittensor (TAO)

Bittensor is an decentralized protocol specifically designed for machine learning (ML) and artificial intelligence (AI). It provides a unique marketplace for users and providers of ML algorithms, leveraging a decentralized network to facilitate the exchange of these resources. It's not just a marketplace for ML models but a platform for training these models in a censorship-resistant environment, challenging the resource-intensive monopoly of tech giants.

The essence of Bittensor lies in its unique architecture: a combination of specialized subnets for AI tasks, a blockchain for decentralized operations, and an API for seamless integration. This structure is reportedly pivotal in transforming Bittensor into the go-to network for AI services, serving both individuals and corporations with its native token, TAO, as the transactional medium. As the network matures, it aims to catalyze the growth of AI, making sophisticated ML models accessible to a wider audience.

The live price of TAO is available and updated in real time on Binance.

People Also Ask: Other Questions About Bittensor

What is Bittensor Used For?

Bittensor's primary use cases include various domains such as text prompting, machine translation, and image generation, and data scraping among others. It serves as a decentralized platform for diverse machine learning applications.

How Do Network Consensus and Validation Work On Bittensor?

Bittensor's Proof of Intelligence (PoI) consensus identifies the most accurate machine learning model for specific requests, rewarding miners who contribute these high-quality models for transaction block validation. This process requires substantial processing power, mirroring Proof of Work's competitive nature but diverging in function. Successful PoI miners then validate blocks in a Proof of Stake-like phase, where they stake TAO tokens, with TAO holders having the option to delegate their stakes for rewards.

Who Is The Founder Of Bittensor?

Bittensor was developed by OpenTensor originally as a Polkadot parachain named Finney, but pivoted in March 2023, inaugurating its own blockchain, Nakamoto. This strategic move, inspired by the Bitcoin network, aimed to reduce its dependence on the Polkadot ecosystem and to to foster greater independence with its own blockchain, tailored for ML computations.

What is the Maximum and Circulating Token Supply of Bittensor?

Bittensor’s TAO token mirrors Bitcoin's model with a cap of 21 million tokens and with around 6.01 million currently in circulation. Its circulating supply and emission schedule align with a halving model similar to Bitcoin’s.

What Makes Bittensor Different From Others?

Diverging from typical centralized models, Bittensor seeks to fosters a collaborative, composable and open development environment for AI, allowing models to benefit from shared learning. Its unique structure, encompassing specialized subnets and an incentive-based mechanism, sets it apart from conventional blockchain and AI models.

How To Buy TAO?

TAO can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live TAO price is updated in real time on Binance. For additional instructions and information, users can read our How to buy Bittensor (TAO) Guide.