Cointelegraph reported that as Bitcoin enters its fourth halving phase, which occurs every four years, other decentralized projects have begun adopting similar mechanisms to reduce supply. Bittensor, after its launch in 2021, is preparing for its first halving.
Bittensor is a decentralized, open-source machine learning network composed of specialized "subnetworks" that build a marketplace for artificial intelligence services through incentive mechanisms. The network is expected to experience its first halving around December 14. At that time, the issuance of the native token $TAO will decrease from the current 7200 pieces per day to 3600 pieces per day.
William Ogden Moore, an analyst at Grayscale Research, stated that this event is a "key milestone in the maturity of the network," as it approaches a maximum supply of 21 million tokens, in line with Bitcoin's fixed cap.
TAOUSDT
Perp
310.41
+5.99%
BTCUSDT
Perp
94,260.7
+4.66%