Buy Bittensor (TAO)
What is Bittensor?
Bittensor is an open-source protocol that leverages blockchain technology to create a decentralized network focused on machine learning. It enables collaborative training of machine learning models and rewards contributions with TAO tokens based on the value of the data and models they provide to the network.
How does Bittensor work?
Bittensor operates as a decentralized AI network with distinct subnets dedicated to various machine learning tasks. It uses a unique consensus mechanism called Yuma Consensus, which involves a weight matrix to determine incentives for miners and dividends for validators based on their contributions. The network supports Ethereum smart contracts via an Ethereum compatibility layer, enabling users to deploy and interact with these contracts seamlessly within the Bittensor blockchain.
What are the potential use cases for Bittensor?
Bittensor has diverse applications across industries like finance, healthcare, and automation. In finance, it can be used for market forecasting and risk analysis. In healthcare, it can support disease diagnosis and treatment personalization. Additionally, it facilitates AI-driven process automation and data analytics. Several projects leverage Bittensor's capabilities, such as Sportstensor for sports predictions and Sylliba for language translation.
What is the history of Bittensor?
Bittensor was founded with a focus on decentralization and innovation in blockchain and AI. It has undergone several technical updates to enhance its performance and capabilities, such as the introduction of version 8.2.0 for its SDK and Wallet SDK. The network has formed strategic partnerships to broaden its applications and developed a unique consensus process for incentivizing model training. Over time, Bittensor has grown significantly in market presence, reaching a substantial market capitalization.
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Frequently Asked Questions (FAQs)
What is the current price of Bittensor (TAO)?
The Bittensor price is $786.44 AUD, representing a +20.78% from the day prior.
Where is the best place to buy Bittensor (TAO) in Australia?
The best place to buy Bittensor (TAO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Bittensor (TAO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Bittensor (TAO)?
The trading volume of Bittensor (TAO) is $492.2M AUD in the last 24hrs, representing a +20.78% from the day prior.
How can I buy Bittensor (TAO)?
Bittensor (TAO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Bittensor (TAO)?
The current market cap of Bittensor (TAO) is $5.7B AUD.
Can I convert Bittensor (TAO) to cash?
Yes - With Coinstash you can convert your Bittensor (TAO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Bittensor (TAO) are there?
The current circulating supply of Bittensor (TAO) is 7.4M.
Is Coinstash a safe place to buy Bittensor (TAO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Bittensor (TAO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.