Bittensor co-founder Const said the project has not yet achieved decentralization at the economic incentive layer and is still directionally led by a core team, while outlining planned upgrades aimed at moving toward full decentralization.
According to ChainCatcher, Const wrote on X that Bittensor has been live for more than five years, had no pre-mine, and has 128 subnet teams and more than 20 core validator teams. He said ownership distribution is already decentralized, but incentive-layer governance remains centralized under the core team, including Const, two engineers, and a group of core contributors.
Const said the team prioritized rapid iteration at the cost of “remaining centralized,” rather than slower, more “democratized” decision-making.
Looking ahead, he said Bittensor plans to reintroduce validator competition and open liquidity pools to two-way investment to make markets more symmetric and reduce the risk of on-chain signals being manipulated. He also said the project will introduce a “belief mechanism” to grant Alpha token holders voting rights.
Const added that TaoFlow and its derivatives will be updated in the coming weeks, alongside further adjustments to the issuance distribution algorithm to optimize how inflation is allocated.
He said he expects core mechanism construction to be completed within the next year and a half, with the goal of aligning incentives, optimizing value, and enabling “true ownership,” ultimately removing centralized control.
Bittensor Co-Founder Const Says Incentive Layer Remains Centralized, Outlines Decentralization Roadmap
2026-06-22 02:43:51
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