xTAO Updates Validator to Support Bittensor Network Expansion; Shares Down 26%
xTAO (XTAO-U.V) completed updates to its validator to support a major expansion of the Bittensor network, it said on Wednesday.Following the network's recent upgrades, xTAO completed "significant" updates to its validator, in order to "operate across the larger network and continue to run one of Bittensor's top validators", stated the company.The company said in May the Opentensor Foundation deployed an upgrade, doubling the number of available subnets on Bittensor from 128 to 256, which it said "significantly" expands the network's capacity for new AI projects."xTAO has updated its validator to evaluate the larger set of subnets, so it can keep scoring and supporting activity across the network as it grows," it stated.The network also adjusted how rewards are shared, directing a greater share of TAO to the best-performing subnets, said the company and added that this rewards subnets that deliver real value and puts more pressure on those that don't."At the same time, a new Conviction Locks feature went live, letting subnet owners lock up their stake for set periods to show long-term commitment," added the company.The company's shares were last seen down $0.10 to $0.29 on the TSX Venture Exchange.Price: $0.29, Change: $-0.10, Percent Change: -25.64%
