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xTAO Wraps Up Significant Network Upgrade, Strengthening Bittensor’s Core Layer - Crypto Economy
xTAO completed a comprehensive infrastructure upgrade and a validator optimization process on the Bittensor network, aimed at improving operational efficiency and service stability. The company, which trades on the TSXV under the ticker XTAO.U, reported that its validator ranked fourth across the network by yield generation, according to verified data from TAOyield.
xTAO’s validator currently delivers an annualized yield of 6.59%. The node plays a central role within Bittensor by evaluating the quality of miners’ output and directing the distribution of TAO token emissions through the Yuma consensus mechanism. The optimization included performance enhancements at the node level and adjustments to scoring systems to reduce latency.
Bittensor operates as a peer-to-peer decentralized artificial intelligence marketplace and is building toward an architecture of up to 256 subnets. Validators perform a key function in allocating incentives across the protocol.
xTAO closed a $22.8 million financing round led by Digital Currency Group and Animoca Brands. The company holds one of the largest corporate TAO treasuries and monetizes its validator’s onchain emissions through a model that channels revenue into regulated offchain structures.
Source: https://www.newswire.ca/news-releases/xtao-completes-infrastructure-upgrade-and-validator-optimization-806224011.html
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions