➕Bittensor in a Nutshell : A Quick Refresher

Bittensor Overview

Bittensor is an innovative open-source platform that enables the creation and distribution of competitive digital commodities. These commodities span a wide range of applications, including but not limited to :

♾️ Machine Intelligence

🔘 Storage Space

💻 Compute Power

➿ Protein Folding

💲 Financial Markets Prediction

Contributors who excel in producing the highest quality digital commodities are rewarded with TAO (τ), the native cryptocurrency of the Bittensor ecosystem.

Bittensor Platform Big Picture

The Bittensor ecosystem is designed around the concept of subnets. Each subnet is dedicated to the production of a specific category of digital commodity. These subnets serve as the foundation upon which applications are built and ultimately used by end-users.

Key Components

• Subnets : Operate off the blockchain but are interconnected with it. They host competitions where only the top producers are rewarded.

• Subnet Validators : Initiate competitions for producing specific digital commodities.

• Subnet Miners : Compete to produce the highest quality digital commodities.

• Scores : Assigned to top subnet miners and validators to determine their share of TAO rewards.

• Yuma Consensus : An on-chain mechanism that determines the distribution of TAO rewards based on performance scores.

• Subtensor Blockchain : Runs on decentralized validation nodes, ensuring the integrity and security of the ecosystem.

The Bittensor Ecosystem

Example : Subnet 1 Prompting

In a practical scenario, such as Subnet 1 Prompting, subnet miners are challenged to generate answers that closely align with a machine learning model selected by the subnet validators. This example illustrates the competitive nature of subnet participation and the emphasis on quality and relevance in digital commodity production.

Getting Involved

Whether you're interested in becoming a subnet miner, developing applications on the Bittensor platform, or simply exploring the digital commodities market, Bittensor offers a range of opportunities for engagement and contribution.