🤔 What is Bittensor?

🤔 What is Bittensor?

In this edition, we explore Bittensor, Uniswap’s V4 launch, Coinbase donations and more.   

💥  Cutting Edge with Shoal Research

In collaboration with Shoal Research, this week’s special feature will dive into Bittensor ($TAO).

Key words

DePINs – Decentralized physical infrastructure networks.

Validators – Network nodes that ensure the integrity of collaborative AI training.

What is it? Bittensor is a cutting-edge protocol that scales and democratises the AI landscape through a decentralized network. Bittensor enables machine learning statistics to be widely available to users. It does this by distributing control across a large network of participants rather than being controlled by a single entity.

What does it do? Bittensor enables collaborative training of machine learning models across a distributed network, rewarding contributions with its native cryptocurrency, TAO. 

Why is it interesting? The intersection of crypto and AI has potential to empower machine learning by leveraging the democratic principles of decentralization.

Who is its competitors?

  • Autonolas, $OLAS, 
  • Fetch.ai, $FET
  • AGIX, SingularityNET
  • Ocean Protocol, $OCEAN

Why do we own it? Owning Bittensor aligns with a vision of participating in the growth of decentralized AI markets and the broader innovation they promise.

Important connections: Bittensor's combination of machine learning models and blockchain ecosystems fosters a collaborative AI development space.

How to get involved: The ticker is $TAO. 

Learn more: Techopedia, Bittensor

Check out Shoal Research’s Substack and Telegram channel.

Crypto News Recap

Uniswap V4 Launch Set

With the launch of Dencun on mainnet coming up soon, Uniswap announced intentions to release V4 in Q3 of 2024. V4 is the latest update of the decentralized exchange, which features the “most rigorously audited code ever deployed on Ethereum”. V4 is currently in early stages as developers test, optimize and enhance code. 

Bitcoin Hits $1 Trillion Market Cap 

Bitcoin recently surpassed the $1 trillion market cap, a milestone not seen since December 2021. At the same time, all crypto combined surpassed the $2 trillion market cap. This follows the recent spot Bitcoin ETF approval in the U.S. and a general uptick in crypto interest.

Coinbase Donations

Coinbase donated $3.6 million to charity in an effort to support open-source development for the Bitcoin Blockchain. Brink, the recipient of the donation, is a non-profit foundation dedicated to supporting Bitcoin developers through fellowship and grant programs. The donation was a part of the GiveCrypto initiative, which is set to wind down after being “unable to create lasting change purely through unconditional cash transfers”.

$85 Billion in Ether Staking Deposits

The total staked Ether reached $85 billion last week. This number indicates that 25% of the total Ether supply is locked in staking. The price of Ether has seen a rally, peaking at $3000 on February 20th. 

📚 N+1 Recommendations 

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