Crypto’s other halving: Bittensor’s first 4-year cycle seen as ‘maturation’ milestone

840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YWZhN2EtYzVjNi03Zjc4LTg4OTUtMGE5MmFjNTBiOTE2

Bittensor’s first token halving is scheduled for Dec. 14, reducing TAO issuance by half as the AI-focused network adopts a Bitcoin-style fixed supply model.

With Bitcoin now in its fourth quadrennial halving, other decentralized projects have adopted similar supply-cut cycles — and Bittensor is approaching its first since launching in 2021.

Bittensor, a decentralized, open-source machine-learning network built around specialized “subnets” that incentivize marketplaces for AI services, is expected to undergo its inaugural halving on or around Dec. 14. At that point, issuance of its native token, TAO (TAO), will drop to 3,600 per day from the current 7,200.

Grayscale Research analyst William Ogden Moore called the event a “key milestone in the network’s maturation as it progresses toward its 21 million token supply cap,” matching Bitcoin’s (BTC) fixed limit.

Read more

Subscribe for The Latest Crypto News and deals.

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.