Show me the math

▶ 1 The Big Picture
- 1.1 What Problem Does It Solve?
- 1.2 How It Works in 60 Seconds
▶ 2 Subnets
- 2.1 Incentive Mechanisms
- 2.2 Subnet Owners
▶ 3 Tokens
- 3.1 TAO — The Universal Currency
- 3.2 Alpha — Subnet Currencies
- 3.3 How TAO and Alpha Relate
▶ 4 Participants
- 4.1 Miners — The Competitors
- 4.2 Validators — The Judges
- 4.3 Stakers — The Supporters
- 4.4 The 18/41/41 Split
▶ 5 The Blockchain
- 5.1 Subtensor
- 5.2 Blocks & the 12-Second Heartbeat
- 5.3 Epochs (Tempo)
▶ 6 Emissions
- 6.1 Injections into Liquidity Pools
- 6.2 Alpha Distribution to Participants
- 6.3 How Subnets Compete for Emission
▶ 7 The Liquidity Pool
- 7.1 TAO and Alpha Reserves
- 7.2 How Price Is Determined
▶ 8 Staking & Unstaking
- 8.1 Staking to a Subnet
- 8.2 Staking to Root
- 8.3 Unstaking
- 8.4 Stake Weight & Validator Influence
▶ Advanced Topics
- ▶ 9 Consensus
  - 9.1 Yuma Consensus Overview
  - 9.2 Weight Vectors & Scoring
  - 9.3 Bonds & Dividends
  - 9.4 Trust & Clipping
- ▶ 10 Security & Fairness
  - 10.1 Commit-Reveal Solution
  - 10.2 Deregistration & Competition
  - 10.3 MEV Bot Attacks
- ▶ 11 Long-Term Tokenomics
  - 11.1 Impact on the Ecosystem
  - 11.2 EMA Smoothing
  - 11.3 Chain Buyback Mechanism
- ▶ 12 Governance
  - 12.1 The Senate & Triumvirate
- ▶ 13 Sustainability
  - 13.1 The Long-Term Vision

Vocabulary

Learn How Bittensor Works

An interactive guide to TAO and Alpha token flow

Bittensor is a decentralized protocol that creates an open marketplace for artificial intelligence. Instead of a single company controlling AI, Bittensor lets anyone contribute computing power, models, and data — and get paid for it in TAO tokens.

This interactive guide walks you through how the network works, from the blockchain that coordinates everything to the token economics that keep participants honest.

(ps, if things are too busy, just hit the pause button below the viz)