Ctrl K

Level 1How Bittensor works10 lessons
Subnets, the people in them, and the chain that pays them.
Level 2Your wallet9 lessons
The keys that own your TAO, and how to keep them safe.
Level 3Staking8 lessons
Backing a validator with your TAO, and what it earns.
Level 4Subnets5 lessons
Who runs a subnet, who joins it, and how ownership can change.
Level 5Emissions7 lessons
Where new tokens come from, and who receives them.
Level 6Subnet lifecycle4 lessons
How subnets start, how they end, and what it means for the people holding their alpha.
Level 7Root4 lessons
How staking on root earns, since Root Reborn.
Level 8How rewards are decided5 lessons
How validators' scores turn into payments.
Level 9Validators5 lessons
What validators do, how they qualify, and what to look at when choosing one to stake with.

Recycling and burning

Some TAO leaves circulation. How it leaves matters for the halving.

Recycled TAO is taken out of the total issued, so it can be created again later. Because halvings are triggered by the total issued, recycling pushes the next halving further away.

Burned TAO is gone for good, but it still counts in the total issued. It brings the halving no later and no sooner.

Several everyday costs are recycled. Transaction fees are recycled, and so is the price miners pay to register on a subnet, even though that price is often called a burn.