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Bittensor analysts forecast TAO could hit $1,338.94 by 2030
Benzinga describes Bittensor as a decentralized, open source protocol that uses TAO to reward participants for developing and computing machine learning models.
Bittensor (TAO) is in the spotlight as analysts forecast the token could rise to $1,338.94 by 2030, according to a Benzinga article summarizing price scenarios.
The outlet says Bittensor is designed as a decentralized, open-source protocol that targets a peer to peer marketplace for machine learning.
Benzinga adds that the network uses TAO, its native cryptocurrency, to reward participants who contribute valuable machine learning models and computations, helping incentivize a global pool of developers.
The article also flags risks, citing the protocol’s technological complexity and noting that its decentralized AI design can create a steep learning curve for users and developers.