Bittensor Introduces dTAO, Expands Subnets to 64; DAO Proposes Reforms

Bittensor, a decentralized network that operates using its native cryptocurrency $TAO, is undergoing significant changes aimed at enhancing its structure and performance. The introduction of dTAO is anticipated to reduce selling pressure and increase demand for $TAO. The network is set to increase the number of subnets from its current capacity to 64, as part of a broader expansion strategy. This move is expected to boost competition and decentralize the network further. Additionally, the daily emission of $TAO tokens amounts to 7,200, valued at approximately $387 each, resulting in a daily flow of about $2.79 million within the ecosystem. In response to these developments, the Bittensor DAO has received over 10 new proposals, including ideas for restructuring its processes and implementing quadratic voting.