Cryptocurrency Q&A
Is Bittensor its own blockchain?
Is Bittensor its own blockchain?
GangnamGlitzGlamourGlory
Sat Jun 15 2024
|
6 answers
1757
Could you kindly enlighten me on the following query? Is Bittensor an independent blockchain in its own right, or does it operate within the confines of an existing blockchain ecosystem? I'm particularly interested in understanding whether Bittensor maintains its own unique ledger and set of rules for transaction validation, or if it relies on another blockchain for these fundamental functions. Thank you for your time and clarification on this matter.
6 answers
BonsaiVitality
Mon Jun 17 2024
Bittensor, founded by AI pioneers Ala Shaabana and Jacob Steeves in 2019, embarked on a journey with an initial focus as a Polkadot parachain. Its original vision was to contribute to the Polkadot ecosystem, leveraging its unique technology and expertise.
Was this helpful?
83
39
Elena
Mon Jun 17 2024
However, in March 2023, Bittensor made a significant strategic pivot, deciding to forge its own path by developing a proprietary blockchain. This shift reflected the company's ambition to expand its reach and impact beyond the confines of a single parachain.
Was this helpful?
253
94
CoinPrince
Mon Jun 17 2024
The new blockchain aims to harness the power of cryptocurrency as a mechanism for incentivizing a global network of ML nodes. By rewarding participants with tokens, Bittensor hopes to foster a vibrant ecosystem where AI enthusiasts and experts can contribute their resources and knowledge.
Was this helpful?
316
91
Caterina
Sun Jun 16 2024
The platform facilitates a wide range of AI-related activities, including data sharing, model training, and inference. It provides a secure and scalable infrastructure for these tasks, enabling seamless collaboration and interaction among users.
Was this helpful?
394
52
CryptoVeteran
Sun Jun 16 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of crypto enthusiasts and investors. Among its offerings are spot trading, futures trading, and a secure wallet solution.
Was this helpful?
345
75
Load 5 more related questions
