Covenant AI Exits Bittensor, With TAO Falling 15%

A public criticism of Bittensor’s governance and decentralization model was followed by a sharp move in TAO, the network’s native token.

TAO

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Terms & Concepts
  • Bittensor: A blockchain-based network focused on decentralized artificial intelligence, where participants contribute and are rewarded through its token system.
  • TAO: The native token of the Bittensor network, used within its ecosystem for incentives, participation, and network-related economic activity.
  • Decentralization: A system design in which control and decision-making are distributed across participants rather than concentrated in a single entity.