👁️Introduction

About the Bittensor Network

Bittensor has been established as a groundbreaking solution for decentralized computing, bringing together the idea of trustlessness between various independent actors to solve challenges in the booming AI industry.

The Bittensor ecosystem uses an incentive-based mechanism where each incentive-based competition market is a subnet on the network. These subnets are fundamental to the functioning network.

The subnets are run on a blockchain, to ensure decentralization and permission-less for all actors involved. All essential elements are connected with a Bittensor API, which also connected the subnets with the blockchain.

Bittensor uses the TAO token as an incentivization mechanism for individual actors. TAO tokens can be earned by miners by performing useful tasks, eg by solving computational problems which in turn secure the network.

Subnet validators independently evaluate these computational tasks by the subnet miners. The opinion of these validators regarding the state of security of the network, based on the mining mechanism, is then expressed as a collective input to the Yuma Consensus mechanism on the blockchain. The output of the Yuma Consensus will then determine the allocation of rewards of the validators and miners. Allocation of TAO tokens are used as an incentivization mechanism for these individual actors.

Participation in the Bittensor ecosystem occurs primarily on subnets, as either subnet owner, validator or miner.

Bittensor Challenges

With the AI industry projected to create trillions of dollars in the next years in value, demand for AI, data and computing will soar rapidly.

Bittensor thus faces the issue of scalability, having to prepare their network for an influx of thousands of data engineers and scientists.

For this environment Bittensor requires low latency and low transaction costs. Given the sensitivity of data, which may include medical or insurance data, enhanced privacy options are paramount.

As well, an easy onboarding of new users is essential. These users may not want to deal with the hassle of complicated tokenomics and low speed and prefer a system which offers a great user experience from day one.

Solutions brought by Klay Chain Network

To alleviate these challenges and issues Bittensor faces, we propose an EVM-compatible based Layer 2 on Bittensor. This allows users high transaction speed and onboarding,

Klay Chain Network uses a simple design philosophy where interfaces for every actor are created, which provide data off- and on-chain. No sensitive information is shared.

Nodes can collaborate to train machine learning models and transfer learned knowledge or pre-trained models to improve performance on related tasks.

Bittensor is the heart of the system, with Klay Chain interacting with Cross-Chain messages on the Layer 2, with Bittensor being the verifier of Klay Chain, while Klay Chain remains the layer on which applications are being built and run on.