Bittensor resumes subnet registration and deregistration mechanism

On October 16, the OpenTensor Foundation tweeted that Bittensor has resumed the subnet registration and deregistration mechanism, with a subnet cap of 128. New subnets will replace the lowest-performing subnets and receive a four-month immunity period. This update incentivizes subnet teams to prove their value or make room for others, thereby increasing competition and project quality. The TAO from deregistered subnets will be proportionally distributed to alpha holders, unlocking TAO stranded in inactive liquidity pools and redirecting it to more active areas of the network. New subnet registration will incur a burn cost instead of a locking cost, with the current cost set at 2,500 TAO.