$TAO
Dear friends hello everyone 👋 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 👇
Bittensor is a decentralized network designed to connect machine learning models rather than just computers making a global brain of artificial intelligence
main idea 👇
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
🧠 Different subnets focus on specific tasks like text image or data processing
⛏️ Miners provide their machine learning models to solve these tasks
⚖️ Validators score the quality of the work using a fair ranking system
💰 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 📢
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 👇
https://bittensor.com
#TAO #Bittensor #AI #Crypto #Trading
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