Powerful artificial intelligence is developing rapidly, and it is worrying that AI is completely controlled by a few companies such as OpenAI, Midjourney, and Google (Bard). Against this background, Bittensor, which is trying to use innovative solutions to solve the problem of artificial intelligence centralization and the concentration of power in a few companies, can be said to be a popular project in the AI model category in the current Web3 field. The market performance of its token TAO is also attracting attention. attracted widespread attention from the industry.
Among the three core elements of AI: data, algorithm, and computing power, Bittensor aims at the algorithm direction and schedules and screens different algorithms through the blockchain network and incentive mechanism, thereby allowing the AI field to form a free competition, knowledge A shared algorithm (model) marketplace. Currently, Bittensor has been running on the mainnet for more than a year.
Simply put, Bittensor is an open source protocol that enables a decentralized, blockchain-based machine learning network. It is also a star parachain project in the Polkadot ecosystem, using its own independent Substrate-based L1 blockchain.
At the beginning of this year, Bittensor won the 35th and 36th rounds of the Polkadot parachain slot auction, hoping to introduce artificial intelligence into the Polkadot ecosystem, including social media, supply chain, identity, games, NFT, DeFi, carbon credit, privacy, Robots, Internet of Things, etc. At the same time, it launched Finney to build the connection between Bittensor and Polkadot, further strengthening the integration with the Polkadot ecosystem to better protect and further decentralize the existing underlying architecture.
In addition to bringing together the two emerging fields of artificial intelligence and blockchain, what other unique advantages does Bittensor have worth paying attention to? OneBlock has sorted out the project panorama of Bittensor for you, and further understand how the Polkadot ecosystem is deeply integrated with AI!
Vision: A fairer and more collaborative artificial intelligence market
In order to solve the problem of isolated competition in the current AI field, Bittensor's vision is to promote mutual collaboration, learning and integration between different AI algorithms and models, aiming to build more powerful models to better serve developers and user groups. .
Therefore, Bittensor introduces optimized training strategies that allow models to interact with each other in an incentivized and iterative ecosystem, forming a fairer and collaborative approach that achieves a more balanced ownership and access rights. The ultimate goal is to create a pure artificial intelligence market and create a trustless, open and transparent environment where consumers and producers can have any valuable communication and interaction under the incentive mechanism.
Specifically, Bittensor can achieve the following goals:
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Leveraging the possibilities of distributed ledgers provides a novel and optimized strategy for the development of artificial intelligence technology. Specifically, it enables open access/ownership, decentralized governance, and the ability to leverage globally distributed computing power and innovation resources within an incentive framework.
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An open source repository of artificial intelligence, accessible to anyone, anywhere, enabling open, permissionless innovation at the scale of the global Internet.
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Rewards and network ownership are distributed to users proportionally based on the value they create.
Project Architecture: Decentralized Ecosystem for Machine Learning Models
Simply put, Bittensor is an open source protocol that powers a decentralized, blockchain-based machine learning network. This project was first founded in 2019 by two AI researchers Jacob Steeves and Ala Shaabana. Its main framework is based on the content of the white paper written by Yuma Rao.
Its underlying architecture is similar to replacing the "mining" process of calculating random numbers in Bitcoin, which cannot create real value, with training and verifying AI models, and using TAO tokens to make valuable contributions based on the performance and reliability of the AI models. Nodes/miners with data or computing resources are incentivized. Each node runs Bittensor client software, enabling it to interact with other nodes in the network.
Specifically, Bittensor creates a peer-to-peer market for trading machine intelligence through a decentralized process, changing the development process of previous machine learning platforms, and is rewarded in its native token TAO based on the value of the information they provide to the collective, allowing network participants to Machine learning capabilities can be exchanged between nodes to form a method of motivating and coordinating a global network of machine learning nodes to jointly train and learn specific problems, which also helps maintain the stability and efficiency of the network. The token TAO can also grant external access, allowing users to extract information from the network while tailoring their activities to their needs.
On this basis, Bittensor was designed as a permissionless open source protocol, building a network architecture composed of many subnet networks, allowing anyone to create subnets with custom incentives and different use cases.
Different subnets are responsible for different tasks, such as machine translation, image recognition and generation, large language models, etc. Excellent task completion will be rewarded, while allowing the subnets to interact and learn from each other. For example, Subnet 5 can create AI images like Midjourney.
It is worth noting that in most subnets, Bittensor itself does not train any models. Its role is more like linking model providers and model demanders, and on this basis, it further utilizes the relationship between small models. The interaction improves performance in different tasks.
At the same time, Bittensor is also a mining network similar to Bitcoin, providing censorship-resistant access to a decentralized network of machine learning models. Create a comprehensive open source AI ecosystem by leveraging digital incentives and directly rewarding participants for their contributions to computing resources, expertise, and innovation.
Technology core: Yuma consensus and Polkadot parachain
The technical core of the Bittensor network comes from the consensus mechanism uniquely designed by Yuma Rao, also known as the Yuma consensus. It is a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS) elements, aiming to realize the use of computing resources in the node network. fair distribution. The main participants on the supply side are divided into "Server" (i.e. miners) and "Validator" (i.e. verifier), while the participants on the demand side are "Clients" (i.e. customers) who use the model in the network.
The role of the miner is to host the artificial intelligence model and provide it to the network, and the incentives obtained depend on the quality of the provided model; the verifier acts as an evaluator within the network, responsible for verifying model performance and acting as a middleman between miners and customers.
The Bittensor ecosystem uses the Yuma consensus to ensure that everyone abides by the rules, becomes the driving force for open source developers and artificial intelligence research laboratories, and provides economic incentives for enhancing open source basic models.
At the core of technology, Bittensor adopts Polkadot's parallel chain (application chain) design, which means it has its own chain to specifically handle the collaboration of AI models, and also uses its own token $TAO as an incentive.
Business Model and Economic Model: Fair Launch of TAO
In terms of business model, the Bittensor protocol has established a market that converts machine intelligence into tradable commodities. This machine intelligence is the algorithm model, and Bittensor serves as a platform to build a trading bridge for the supply and demand sides of the algorithm model. In essence, the business principle of Bittensor is still the exchange of goods, but the financial attributes are superimposed on the data chain. The growth of the AI algorithm market in the future will also bring broad development space to Bittensor.
In terms of the token economic model, Bittensor will conduct a "fair launch" in 2021, that is, there will be no pre-mining of tokens.
The supply of its token TAO is 21 million, and there is also a halving cycle. Every 10.5 million blocks, the block reward is halved. Currently, one TAO is released to the network every 12 seconds (one block) (7,200 per day). For each mining round, TAO will be distributed among validators and miners. Its economic model is characterized by simplicity, a commitment to decentralization and fair distribution, and every token in circulation must be earned through active participation in the network.
Currently, Bittensor mainly receives financial support from the OpenTensor Foundation, a non-profit organization that supports the development of Bittensor. In addition, its community announcement has announced that well-known crypto VCs Pantera and Collab Currency have become holders of TAO tokens and will provide more support for the ecological development of the project. Several other major investors include Digital Currency Group, Polychain Capital, FirstMark Capital, GSR and other well-known investment institutions and market makers.
Conclusion
Overall, the emergence of Bittensor provides an interchangeable value conversion platform for the sharing and collaboration of AI algorithm models, which is conducive to the flow of AI technology achievements and alleviates the inefficiency of algorithm innovation and giant competition. But currently, Bittensor is still in its initial development stages and there are no real use cases yet.
The rapid advancement of AI has brought the technological society to the eve of change. As a project that combines AI and Web3 technologies, Bittensor will face the major opportunities of the rise of AI and the advantages brought by the huge amount of data owned by AI technology giants. , quickly move towards widespread application and development? Let us look forward to how Bittensor uses artificial intelligence + blockchain technology to bring further technological revolution.
learn more
Opentensor Foundation: https://opentensor.ai/
Opentensor Github：https://github.com/opentensor
Official website: https://bittensor.com
White paper: https://bittensor.com/whitepaper
Twitter: https://twitter.com/opentensor
Staking on TAO: https://taostats.io
Developer documentation: https://docs.bittensor.com/