TL;DR
With Bittensor celebrating over 780 days in operation, I’m willing to wager that most blockchain aficionados have never even heard about the project. That’s because after spending its early stages tied to the Polkadot ecosystem, Bittsensor and its price broke free from its DOT cocoon. Bittensor believes that subnets will revolutionize AI and pave the road for free and equal intelligence market opportunities. Something that’s not available to the public in today’s landscape. Additionally, you can read more about this and other AI projects in the Top 6 AI Coins with Massive Potential.
Products like OpenAI charge a premium every month for their use and require personal information like users’ phone numbers. For anyone concerned about privacy, using OpenAI services isn’t even an option.
While you might think that Singularity AI would be the go-to project of the blockchain community, it’s models require a massive amount of computing power and money to operate. Not to mention, each Singulairy node is trained by one machine that is maintained and manufactured by humans.
This leaves a flawed design of human error directly built into the manufacturing of information. Exactly what Bittensor and its open network of subnets have come to fix.
What is Bittensor?
At its core, Bittensor has come up with a different way of rearranging the input and output functions of a blockchain ledger. Aside from allowing peers to use the outputs of others as inputs of their own, Bittsensor changes the way “staking” operates by including a new “incentive” mechanism.
This helps remove the concern of peers voting for themselves at the expense of the network by limiting rewards to peers who haven’t reached a consensus. This forces the largest stakers in the Bittensor ecosystem to attract votes from the majority instead of relying on their weight to make changes.
While this helps reduce collusion, it didn’t solve the issue of proper weight selection. That’s where Bittensor has introduced “bonds”. A speculative reward that allows individuals to rank peers by bonding to them, but introduces a fixed reward given from the standard rate of inflation.
What are AI Subnets?
Bittensor is a decentralized protocol for Subnets to develop. Similar to Avalanche and its development of sub-networks that operate using the main network ruleset, Bittensor has a three-part system designed to manage the network.
Subnets that incentivize the distribution of TAO tokens as rewards (defined by the rules in the previous section) produce the best and fastest results when needed by validators and you’ll earn a portion of each block’s reward.
These live on top of the Bittsensor API interface that is connected to the Bittsensor blockchain. A blockchain that’s resistant to collusion, manipulation, and designed to allow equal opportunity for all participants.
In Bittensor subnets, communication is bi-directional between validators and miners. However, miners can’t connect directly with the blockchain and must verify information through validators.
Bittensor uses the Axon protocol as a gopher for miners, and Dendrite as the counterpart in Validators. They use a program called Synapse to operate as a middle ground between these two systems,…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
