$TAO is like $BTC on steroids!
Spent my weekend diving into the whitepaper and found some mind-blowing stuff!
Four-digit is just a matter of time, here’s the breakdown of what you need to know 🧵🔽
Spent my weekend diving into the whitepaper and found some mind-blowing stuff!
Four-digit is just a matter of time, here’s the breakdown of what you need to know 🧵🔽
Bittensor is a decentralized platform that uses blockchain technology to power the creation and exchange of AI models.
It also rewards participants with $TAO tokens for their contributions.
It also rewards participants with $TAO tokens for their contributions.
The main blockchain consists of subnets.
Subnets in Bittensor are decentralized markets where AI models compete to perform tasks like text generation or image recognition, and TAO tokens are distributed based on performance.
Subnets in Bittensor are decentralized markets where AI models compete to perform tasks like text generation or image recognition, and TAO tokens are distributed based on performance.
Each subnet is an independent entity.
Anyone can create one, helping Bittensor grow and develop the AI sector.
Subnets can vary in size, code, and functionality.
Anyone can create one, helping Bittensor grow and develop the AI sector.
Subnets can vary in size, code, and functionality.
Bittensor is very similar to Bitcoin:
➠ Operates on Proof of Work (PoW)
➠ Max supply of 21 million tokens
➠ Halving cycles every 4 years to reduce supply
Unlike Bitcoin, no energy is wasted.
On Bitcoin, miners compete to mine a block. Only the winner is rewarded, and the rest waste energy.
➠ Operates on Proof of Work (PoW)
➠ Max supply of 21 million tokens
➠ Halving cycles every 4 years to reduce supply
Unlike Bitcoin, no energy is wasted.
On Bitcoin, miners compete to mine a block. Only the winner is rewarded, and the rest waste energy.
On Bittensor, all consumed energy is used to power AI models.
Instead, the energy that would have been used to mine blocks is directed toward training AI on the TAO network, making TAO much more energy-efficient.
Instead, the energy that would have been used to mine blocks is directed toward training AI on the TAO network, making TAO much more energy-efficient.
Bittensor's GitHub is highly active, with thousands of daily posts, showcasing strong community engagement.
The number of developers contributing to the project remains steady, even during price drops.
The number of developers contributing to the project remains steady, even during price drops.
The TAO token is in high demand, with an average daily volume of $300M.
This is higher than $FET, $AKT, or $THETA.
On-chain data shows that TAO surpasses these competitors and is also more decentralized.
This is higher than $FET, $AKT, or $THETA.
On-chain data shows that TAO surpasses these competitors and is also more decentralized.
I am 100% sure TAO will reach four-digit valuations, and here’s why:
1️⃣ It rides the AI narrative, which will only grow over time. It addresses a critical need: decentralizing AI computing power.
1️⃣ It rides the AI narrative, which will only grow over time. It addresses a critical need: decentralizing AI computing power.
2️⃣ It's similar to Bitcoin. Bitcoin decentralized value exchange, while TAO decentralizes AI resources.
TAO is just a year old, much like discovering Bitcoin between 2009 and 2015.
We know Bitcoin's model works, so Bittensor’s will likely succeed too.
TAO is just a year old, much like discovering Bitcoin between 2009 and 2015.
We know Bitcoin's model works, so Bittensor’s will likely succeed too.
3️⃣ TAO was one of the best performers during the bear market (from $30 to $730).
Imagine what it could achieve in a bull run.
With people talking about Bitcoin hitting $150K, when that happens, TAO will likely reach four digits.
Imagine what it could achieve in a bull run.
With people talking about Bitcoin hitting $150K, when that happens, TAO will likely reach four digits.
I hope you've found this thread helpful.
Follow me @the_smart_ape for more.
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Follow me @the_smart_ape for more.
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