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1/ Last month, Bittensor underwent a major upgrade–dTAO. A fundamental shift in how subnets operate and attract capital. This update allows subnets to become investible for the first time, creating a market-driven system for TAO emissions. τ
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2/ Previously, root validators controlled emissions, deciding how much TAO each subnet received. This centralized approach became unsustainable as Bittensor grew. dTAO replaces this system with an open market, where TAO holders dictate value by staking.
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