$TAO
Dear friends hello everyone đ I hope everyone is doing well and having a very good day
technical analysis
15m and 1h charts show price is currently hovering around 233 US dollars after a major daily surge
4h and 1d charts show a powerful bullish breakout with the price up 15 percent today and testing the 240 dollar level
1w chart shows a very strong recovery as the price has hit its highest level since late January
Market indicators give a strong buy signal as trading volume has spiked by over 90 percent in 24 hours
white paper and how it works đ
Bittensor is a decentralized network designed to connect machine learning models rather than just computers making a global brain of artificial intelligence
main idea đ
The project uses the Yuma Consensus and a subnet structure where different models (miners) compete to provide the best AI results and get rewarded by validators
So the model roughly works like this
đ§ Different subnets focus on specific tasks like text image or data processing
âď¸ Miners provide their machine learning models to solve these tasks
âď¸ Validators score the quality of the work using a fair ranking system
đ° High quality miners and their validators earn TAO tokens as a reward
The total supply is fixed at 21 million tokens which is exactly the same as Bitcoin and it has a similar halving schedule to control inflation
recent news đ˘
TAO price surged 15 percent today reaching as high as 249 dollars following a major AI breakthrough in the ecosystem
The "Covenant-72B" project recently proved Bittensor can train large scale language models across a decentralized network
A new infrastructure update called "Astrid Arena" was launched to help more developers onboard to the network automatically
For those who want to research more about the project I am leaving the official website below đ
https://bittensor.com
#TAO #Bittensor #AI #Crypto #Trading
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