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Bittensor is revolutionizing the development of machine learning platforms by decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind.
Bittensor uses its own blockchain and is a Layer 1 developed with the Polkadot SDK.
Proof of Intelligence is a consensus mechanism used in the Bittensor network to reward nodes that contribute valuable machine-learning models and outputs to the network. Nodes are required to perform machine learning tasks instead of solving complex mathematical solutions.
Bittensor is introducing an infrastructure comprising the Route Network and Subnets, each playing an important role in distributing incentives and governing interactions within the network.
Bittensor aims to create a peer-to-peer marketplace that incentivizes the production of machine intelligence.
Bittensor rewards miners, subnet owners, and delegators, with an intricate reward distribution governed by the Yuma Consensus.
TAOUSD surged sharply after a massive sell-off.
Any weekly close above $375 confirms further bullishness.
TAOUSD surged more than 50% from an all-time low of $164.It holds above the short-term (21 and 55 EMA) and below the long-term moving average in the hourly chart. It hit a high of $250.44 and is currently trading around $245.80.
The bullish invalidation can happen if the pair closes below $160. On the lower side, the near-term support is $218. Any break below the target of $200/$180/$165. Any breach below $165 targets $100.
The pair's near-term resistance is around $270. Any breach above confirms minor bullishness. A jump to $300/$370 is possible. A surge past $800 will take it to $1000.
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It is good to buy on dips around $ 205-207 with SL around $160 for TP of $370.
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