What is Bittensor (TAO)?

Bittensor is the world's first "neural" internet network. It decentralizes machine learning and AI by creating a peer-to-peer marketplace for them. By doing so, Bittensor establishes a collaborative learning environment for machine learning models, where they are also rewarded for their informational value.

TAO is the native cryptocurrency of the Bittensor network. It serves multiple purposes within the ecosystem, including rewarding the takers who power Bittensor's unique Proof-of-Intelligence consensus and giving its holders the right to vote on protocol change proposals. TAO is also used to pay all the fees and other rewards on Bittensor.

Interestingly, the total Bittensor (TAO) supply equals Bitcoin's total supply of 21 million. This limited supply aims to limit inflation and maintain the value over time.

How Does Bittensor (TAO) Work?

The Bittensor Protocol facilitates the exchange of machine learning capabilities among network participants. This helps establish a peer-to-peer architecture for the sharing and collaboration of machine learning models and services.

The network consists of nodes (miners) contributing to the protocol by running Bittensor client software to interact with other nodes. The entire process operates through registration, where users must register themselves first to participate and mine TAO tokens. Once they complete the registration, a node becomes part of a subnet, a topic, or a specific domain in the Bittensor network. In other words, a group of registered nodes and associated machine learning models together form a subnet.

In addition, the Bittensor network also has crucial components: validators and miners. Validators validate the responses provided by the miners to ensure the integrity and authenticity of data within the network. They query miners and evaluate their responses. Miners also provide machine-learning services by hosting these services. For instance, when a client requires a prediction, it raises a request to the Bittensor network, which then routes the request to a miner. Whichever miner receives the request processes it using a locally hosted machine learning model and returns the prediction back to the client.

All participants in the Bittensor economy, including miners and validators, are incentivised for their contributions and computational resources via TAO tokens. These incentives encourage them to maintain network security and efficiency.

Another unique feature of Bittensor is the Proof of Intelligence consensus it uses to reward nodes. It is the variation of the Proof of Work (PoW) and Proof of Stake (PoS) mechanisms. However, nodes perform machine-learning tasks instead of solving complex mathematical problems to exhibit their intelligence. The more accurate and significant output a node's machine learning model provides, the higher its chances of being selected to add a new block and earn rewards in TAO tokens.

How to Buy Bittensor (TAO) in India?

There are many platforms where you can invest and Buy Bittensor (TAO) in India.

One such platform is Flitpay. To buy TAO in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy TAO and execute the purchase.

You can instantly convert your INR to TAO and TAO to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Bittensor (TAO)?

TAO can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the TAO till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Bittensor (TAO)?

TAO is the native cryptocurrency of the Bittensor network, used to reward participants in the network's Proof of Intelligence consensus and enable holders to vote on protocol changes. It also covers fees and rewards within the ecosystem. With a total supply of 21 million, mirroring Bitcoin, TAO is designed to limit inflation and preserve its value over time.

What is the Bittensor (TAO) price in India?

Check out the current INR price of TAO crypto in India on Flitpay.

Which is the best crypto app in India to buy Bittensor (TAO)?

Flitpay is the best cryptocurrency app in India to buy TAO, MATIC or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

Why Choose Flitpay to Buy Bittensor (TAO)?

Flitpay crypto exchange stands out as the most reliable and secure platform to buy TAO tokens and other cryptocurrencies in India. Here's why:

• Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy Bittensor (TAO) swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
  
• 99.9%25 Uptime: The robust build and interface of Flitpay ensure 99.9%25 uptime, allowing you to access your Bittensor (TAO) investments anytime without any hitches or glitches.
  
• Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell Bittensor (TAO) even when offline.
  
• Instant Deposits and Withdrawals: Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your TAO to INR or INR to TAO and withdraw your funds instantly.

What are the benefits of Bittensor (TAO)?

Bittensor and its native cryptocurrency, TAO, offer numerous benefits. Bittensor creates a decentralized, peer-to-peer marketplace for machine learning, rewarding contributors through its Proof of Intelligence consensus. This unique approach allows machine learning models to collaborate, leading to better AI development. With its limited supply of 21 million, TAO helps prevent inflation and maintain value. It incentivizes network participants, including miners and validators, ensuring efficient data sharing and security.

Is it safe to invest in Bittensor (TAO) in India?

Yes, investing and trading TAO is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying TAO crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Bittensor (TAO) crypto in India?

Flitpay facilitates hassle-free and Instant deposits and withdrawals of numerous cryptocurrencies with minimal or no fees.

Similar popular AI cryptos to buy: NEAR, AI, FETCH, RENDER, THETA