Bittensor's Upgrade Sets It Apart from Meme Coin Launchpad Pump.fun
The cryptocurrency market is constantly evolving, with new players and technologies emerging. Two coins that have been making headlines are Bittensor (CRYPTO: TAO) and Pump.fun (CRYPTO: PUMP).
Bittensor is adapting to channel more value to its most productive ecosystem projects, rather than subsidizing its laggards. The V440 upgrade in August throttled new TAO issuance to subnets that fall below an average share of demand.
This change will benefit the most productive subnets by enabling them to scale faster and potentially drive costs down for users. Meanwhile, holders will be subsidizing less of the unproductive tail.
The author is adding to their Bittensor position this September due to its potential as a long-term investment. In contrast, Pump.fun's shallow economic moat and high turnover rate make it unattractive in the long term.