Grayscale's S-1/A, filed Oct 23, describes Bittensor's base chain plainly: Subtensor runs on Proof-of-Authority.
About SN128 ByteLeap
byteleap.ai@byteleap_aiGrayscale's S-1/A, filed Oct 23, describes Bittensor's base chain plainly: Subtensor runs on Proof-of-Authority. Nodes join only with Opentensor Foundation approval, and most are owned or controlled by the Foundation. This is more than a risk disclosure. Every subnet's emission rules, every owner's expectations, and every miner's and staker's rewards sit on top of this layer. Clear rules matter, but if a small set of nodes ultimately enforces them, their credibility depends on who runs those nodes. A thriving ecosystem starts with stable, predictable base rules. That takes a chain that is credibly neutral.
SN128 ByteLeap at a glance
SN128, ByteLeap (α token න), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.002664 τ (≈ $0.59), against 3,952 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 0.02% APR (simple) and 0.02% APY (compounded), emissions add 0.000062 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,856,038.
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More from SN128 ByteLeap
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.