[Covenant AI Announces Withdrawal from Bittensor Network, Questions Its Governance Centralization Issues] Odaily Planet Daily News: Covenant AI has issued a statement announcing its withdrawal from the Bittensor network and raising concerns about its governance structure. The statement claims that although Bittensor publicly promotes decentralization, actual governance power remains concentrated among a few individuals, with decision-making processes lacking transparency and community consensus. Covenant AI stated that during the recent operation of its subnet, it encountered measures such as the suspension of revenue distribution, adjustments to community management permissions, and infrastructure changes, which it believes are inconsistent with the principles of decentralization. The team expressed its commitment to advancing decentralized AI training and plans to continue subsequent research and project development in other environments.