Bittensor founder Jacob Steeves acknowledged that the project is not yet a fully decentralized protocol. He explained this necessity stems from the need to rapidly advance artificial intelligence technologies.
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According to Steeves, unlike Bitcoin, which was designed as a system resistant to government control, Bittensor is still in its early stages. Currently, a small group of engineers manages the network. This allows the team to quickly update the protocol and fix bugs without sacrificing quality for "democratic" processes.
The project leader has divided the community into three groups. For supporters without technical knowledge, he promised to provide detailed explanations for each update. The team is already collaborating directly with developers. Steeves intends to ignore the opinions of "scammers and critics" who use the idea of decentralization to halt updates.
At the same time, the founder emphasized that Bittensor is already decentralized in terms of ownership: there was no pre-mining, and 128 subnet teams are currently operating within the network.
The development roadmap includes launching short position mechanisms to protect against manipulation and implementing rights for alpha-token holders. Steeves plans to transfer network control to the community within the next year and a half, once the core protocol mechanisms are fully ready.
Bittensor provides access to computing resources through an open global network without intermediaries.
Recall that in June, Grayscale's head of research, Zach Pandl, predicted an increase in demand for decentralized AI.