Forwarding the original title "Alpha Digging" reveals the public chain Keeta Network invested by former Google CEO: integrating traditional finance, RWA..

Since last week, altcoins have generally warmed up, with most tokens on the Base chain rebounding strongly from their lows, and trading volume surging, particularly with AI-related tokens. The only exception is Keeta Network, which stands out not as an AI token but as a new L1 public chain. Even before its testnet was launched, it gained attention due to investment from former Google CEO Eric Schmidt, and the token $KTA has shown impressive trading volume and growth.

The token with the highest trading volume on the Base chain in the past 24 hours. Source: @Base_Insights

According to CoinGecko data, $KTA has been continuously rising since its launch on March 6, with a significant surge starting on the 18th and almost no severe pullbacks. Yesterday (the 25th), $KTA reached a historical high of $0.2214, with a market capitalization exceeding $88.5 million, rising approximately 10% in the last 24 hours, and over 13 times in the past two weeks.

What is so special about this project that makes the market pursue it so eagerly? The following will take you to understand the core architecture and development blueprint of Keeta Network.

Introduction to Keeta Network

Keeta Network is a high-performance Layer-1 blockchain dedicated to providing secure, efficient, and highly interoperable solutions for global payments and asset transfers. Its vision is to become the "common ground for all asset transfers," supporting not only cross-chain transactions but also emphasizing seamless integration with the traditional financial system (TradFi).

The original intention of Keeta's design is to address the pain points of traditional payment systems, such as high transaction fees, slow settlement speeds, and lack of compliance support, aiming to achieve fast transaction settlement and asset tokenization through its technological architecture.

Founder and CEO Ty Schenk pointed out that Keeta's goal is to "make international remittances as simple and fast as Venmo payments (comparable to LINE Pay for Taiwanese readers) without worrying about the safety of funds."

Overview of Technical Highlights

1. High-performance trading processing

Keeta claims to have a processing capacity of 10 million transactions per second, with a settlement time of only 400 milliseconds, significantly outpacing traditional public chains and payment systems in terms of efficiency.

This performancefromThe following four designs:

• 1-1) DAG
  Allow trading to be processed in parallel, thereby enhancing throughput and scalability.

• 1-2) dPoS consensus mechanism
  Keeta uses Delegated Proof of Stake (dPoS) as its consensus mechanism, allowing token holders to delegate their tokens to representatives who participate in governance and transaction validation, achieving a fast and decentralized block validation process through five steps: initiate voting request -> temporary voting -> cross-validation -> final voting -> block broadcasting.

• 1-3) Nodes are separate from hardware
  Nodes are not tied to specific servers, allowing multiple servers to support a single node. This design enables vertical and horizontal scaling without interrupting service, maintaining stable transaction processing speeds even under high load.

• 1-4) Cancel mempool mechanism
  In traditional blockchains, the mempool is the waiting area for transactions before they are added to a block. However, this design can lead to delays and higher transaction fees during periods of high network activity. Keeta Network eliminates the mempool, allowing for faster transaction processing and lower costs.

2. Anchor - High Interoperability

Any blockchain can connect to the Keeta network through Keeta's Anchor function, allowing users to transfer assets between different blockchains. Even more groundbreaking, Anchor also supports integration with traditional payment systems, such as SWIFT and ACH, enabling seamless exchange between fiat currency and digital assets, creating a global payment interoperability network.

officialindicate, this means that users can directly transfer funds to external bank accounts through Anchor. For example, Bank of America can transfer money to banks within Europe through SEPA (the EU local payment system) via Anchor, even if the recipient's account is not within the Keeta network, the funds can still be successfully received.

3. Built-in Compliance

Keeta's native built-in compliance protocol makes it feasible for highly regulated institutions such as central banks and commercial banks. This interoperability makes it an ideal intermediary platform connecting TradFi and DeFi.

4. Native Tokenization

Keeta adopts a native tokenization mechanism that allows for the issuance and operation of tokens without relying on smart contracts, enhancing efficiency, flexibility, and reducing costs.

Unlike platforms like Ethereum, Keeta's tokens are native assets of the network, allowing for the direct issuance of fungible and non-fungible tokens, and supporting a variety of applications such as the on-chain representation of real-world assets (RWA). It features a built-in programmable rules engine that allows creators to design specific behaviors and conditions, flexibly meeting different tokenization needs.

5) Digital Identity

Keeta establishes a comprehensive digital identity profile for each user by integrating certificates issued by various Certificate Authorities (CAs), covering multiple verifications from government, banking, industry, and academia.

All information is bound to the user's public key and can be selectively disclosed according to needs. Verified information can be shared to reduce redundant verification, thus achieving a highly efficient and privacy-focused cross-service identity verification mechanism.

6) Private Sub Network

Keeta supports the deployment of private versions in the form of "subnetworks" to meet specific privacy needs in certain scenarios. The subnetworks operate in the same way as the main network, but transactions are not made public on the main network, and can be designed as centralized or decentralized depending on the requirements. Main network accounts can seamlessly switch to the subnetwork using a "single universal key," and assets and transaction records can also be synchronized and updated when switching back to the main network.

In summary, Keeta's potential in the payment sector is seen as a possible challenge to existing competitors, and it has even been referred to as a "Ripple killer" by some commentators.

Tokenomics

The native token of Keeta is $KTA, with a total supply of 1 billion tokens, and the token distribution is as follows:

• Community and Ecosystem Reserve (50%): 75% TGE unlocked, the remaining portion locked for 6 months, linear release over 48 months. Purpose: Grants program, staking rewards, ecosystem growth promotion, liquidity provision.
• Team (20%): 9 months lock-up, 36 months linear release
• Early investors (20%): 6 months lock-up, 24 months linear release
• Foundation (10%): 3 months lock-up, 48 months linear release

Team and Financing

• Founder: Ty Schenk (@schenkty)，Keeta's CEO
• Technical Director: Roy Keene (@yourpal), former chief developer of Nano (which once had a market value of 4 billion USD).

According to the official 2023StatementKeeta has secured $17 million in funding from investors including former Google CEO Eric Schmidt and Steel Perlot Management, reaching a valuation of $75 million.

Conclusion: Is the Ripple Killer Here?

Keeta Network is highly sought after by the community due to its strong team (backed by the former CEO of Google and the former chief developer of Nano) and technical highlights (10M TPS, RWA support). Its permissioned system and digital identity features, designed specifically for traditional financial regulation, solve blockchain privacy and compliance issues. After the mainnet launch in the future, international payments will be the main focus, and subsequent applications are worth looking forward to.

However, the official testnet has not yet been launched (announced to be coming on March 23), and its actual performance still needs to be verified. In addition, the top 10 holders of $KTA account for as much as 67%, which indicates a high concentration of chips that needs to be noted. In the future, it is important to continuously monitor the progress of the testnet and mainnet, the adoption rate by banks, and changes in the chip structure to avoid blindly chasing highs.

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1. This article is reproduced from [Blocktempo] The original title "Alpha Gold Digging" reveals the public chain Keeta Network invested by former Google CEO: integrating traditional finance, RWA.., copyright belongs to the original author [DaFi Weaver ], if there are any objections to the reprint, please contact Gate Learn TeamThe team will process it as quickly as possible according to the relevant procedures.
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