About The Bittensor Network

The Bittensor ecosystem consists of the following three components (refer to the above diagram):

  1. An incentive-based competition mechanism: You can either create your custom incentive mechanism for your own competition or join a competition that already exists in the Bittensor ecosystem. Each such incentive-based competition market is called a subnet. Subnets constitute the core of the Bittensor ecosystem.

  2. A blockchain that runs the above subnets and supports their proper functioning so that the incentive-based competition market is decentralized, is permissionless and is collusion-resistant, i.e., is resistant to market manipulation.

  3. The Bittensor API that connects all the essential elements within the above two components, and also connects the subnets and the blockchain.

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