Bittensor, a network that combines artificial intelligence and blockchain, is about to reach a major milestone. On December 14, the network will experience its first token halving, reducing the issuance of its TAO token by half.
What's Token Halving?
Token halving is a concept borrowed from Bitcoin, where the supply of new tokens is reduced over time. This helps to create a sense of scarcity, which can drive up demand and, in turn, the token's value.
- Bittensor's token halving will reduce TAO issuance by half.
- The network is adopting a Bitcoin-style fixed supply model.
- This milestone marks a major step towards maturation for the AI-focused network.
