Bittensor (TAO)
Rank #32
Market snapshot
- Price
- $206.14
- Market cap
- $2.3B
- 24h volume
- $200.3M
- Circulating supply
- 11,251,415.2638
- Total supply
- 21,000,000
- Max supply
- 21,000,000
What is Bittensor?
Bittensor is a decentralized network that enables independent subnets to generate digital commodities. Contributors to the network are compensated in TAO, the native token. The network is designed to facilitate collaboration among participants while leveraging blockchain technology for operations.
How Bittensor works
Bittensor operates as an open network where independent subnets contribute to the creation of digital commodities. Users can explore the Bittensor Python SDK and the command line interface (btcli) to create wallets, stake TAO, mine, validate, and manage subnets. The system facilitates peer-to-peer interactions, allowing participants to engage directly without a central authority.
Key information
- Symbol
- TAO
- CMC rank
- #32
- Network / platforms
Bittensor, Solana
- Categories
- N/A
- Date added
- Mar 6, 2023
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Bittensor
0
Token contracts on other networks
Solana
taoC6xyv2v8tDLcev4uaGUgV4vdQsWJrGft2kcBRrBY
Key characteristics
Bittensor is an open-source platform, allowing anyone to participate in its network. It is categorized under various classifications, including distributed computing, DAO, and generative AI. The network supports the creation and validation of digital commodities while incentivizing contributors with TAO tokens.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Bittensor (TAO)?
- Bittensor (TAO) is a decentralized network that allows independent subnets to produce digital commodities, rewarding contributors with TAO tokens.
- How does Bittensor operate?
- Bittensor operates as an open network where independent subnets contribute to the generation of digital commodities. Users can interact through the Bittensor Python SDK and command line interface.
- What are the technical characteristics of Bittensor?
- Bittensor is an open-source platform categorized under distributed computing, DAO, and generative AI, enabling participation from anyone.
- What are the risks associated with transferring Bittensor (TAO)?
- Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
- Where can I find official resources for Bittensor?
- Official resources for Bittensor can be found on their website, GitHub repository, and various blockchain explorers.
