Covenant AI Announces Withdrawal from Bittensor Network, Questioning Its Centralized Governance Issues

Odaily News: Covenant AI issued a statement announcing its withdrawal from the Bittensor network and raising questions about its governance structure. It stated that despite Bittensor's public claims of decentralization, actual governance power remains concentrated in the hands of a few individuals, with related decision-making lacking transparent processes and community consensus.

Covenant AI claimed that during the recent operation of its subnet, it encountered measures including the suspension of reward distribution, adjustments to community management permissions, and infrastructure changes. It believes these actions are inconsistent with the principles of decentralization. The team stated that it will continue to advance the direction of decentralized AI training and will carry out subsequent research, development, and project deployment in other environments.