Original Article Title: "Unveiling the Google Former CEO-backed Public Chain Keeta Network: Integrating Traditional Finance, RWA..."
Original Author: DaFi Weaver, BlockTempo

Editor's Note: This article was first published in March 2025 when the testnet was not yet live. Some data may differ, and this article is only for introducing the project background.

Keeta Network Introduction

· Technical Highlights Overview:

1. High-performance Transaction Processing

2. Anchor - High Interoperability

3. Built-in Compliance

4. Native Tokenization

5. Digital Identity

6. Private Subnetwork

· Tokenomics

· Team and Funding

· Conclusion: The Ripple Killer Is Here?

This week, meme coins have generally rebounded, with most tokens on layer-1 blockchains showing a strong recovery from the bottom, accompanied by a surge in trading volume, primarily led by AI-related tokens. However, Keeta Network stands out from the AI token trend. As a brand-new L1 blockchain, even before its testnet launch, it has garnered attention due to investment from former Google CEO Schmidt, with its token $KTA showing impressive trading volume and price surge.

The Base Chain has seen the highest trading volume in the past 24 hours. Source: @Base_Insights

According to Coin Gecko data, $KTA has been continuously rising since its launch on March 6, with a significant surge starting on the 18th, almost no sharp pullback observed. Yesterday (25th), $KTA hit a historic high of $0.2214, with a market cap exceeding $88.5 million, a nearly 10% increase in the past 24 hours, and a more than 13-fold increase in the past two weeks. What makes this project so special and worthy of such market enthusiasm? Let's delve deeper into the core architecture and development roadmap of the Keeta Network.

Keeta Network Introduction

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

The original purpose of Keeta's design is to address pain points in traditional payment systems, such as high fees, slow settlement speeds, and lack of compliance support, with the aim of achieving fast transaction settlement and asset tokenization through its technical architecture. Founder and CEO Ty Schenk has stated that Keeta's goal is to "make international remittances as simple and fast as Venmo payments, without worrying about fund security."

Technical Highlights

1. High-Performance Transaction Processing

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

This performance stems from the following four key designs:

1-1) DAG: Allows for parallel transaction processing, thereby increasing throughput and scalability.

1-2) dPoS Consensus Mechanism: Keeta uses delegated Proof of Stake (dPoS) as a consensus mechanism, where coin holders can delegate their tokens to representatives for governance and transaction validation. It achieves a fast and decentralized block validation process through five steps: vote initiation request -> provisional voting -> cross-validation -> final voting -> block broadcast.

1-3) Node and Hardware Separation: Nodes are not tied to specific servers, allowing multiple servers to support a single node. This design enables vertical and horizontal scaling without service interruption and maintains a stable transaction processing speed even under high loads.

1-4) Elimination of the mempool Mechanism: In traditional blockchains, the mempool is the waiting area for transactions before being included in a block. However, this design can cause delays and higher transaction fees during network congestion. Keeta Network eliminates the mempool, enabling faster transaction processing and lower costs.

2. Anchor - Enhanced Interoperability

Any blockchain can connect to the Keeta network through Keeta's anchor feature, allowing users to transfer assets between different blockchains. What's even more groundbreaking is that Anchor also supports integration with traditional payment systems such as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the Automated Clearing House (ACH), enabling seamless interchange between fiat and digital assets to establish a global payment interoperability network.

Through the Anchor feature, any blockchain can join the Keeta network to support cross-chain asset transfers. Importantly, Anchor can also integrate with traditional payment systems like SWIFT and ACH to facilitate seamless conversion between fiat and digital assets, creating a global payment connectivity network. For example, a U.S. bank can use the SEPA Anchor to transfer funds to a European bank account, even if the recipient is not part of the Keeta network, facilitating smooth transactions.

3. Built-in Compliance

Keeta features a native built-in compliance protocol that is feasible for highly regulated entities such as central banks and commercial banks. This interoperability makes it an ideal intermediary platform connecting TradFi and DeFi.

4. Native Tokenization

Keeta employs a native tokenization mechanism that allows for the issuance and operation of tokens without relying on smart contracts, enhancing efficiency, flexibility, and cost reduction. Unlike platforms like Ethereum, Keeta's tokens are native network assets that can directly issue both fungible and non-fungible tokens. Keeta also supports applications such as Real-World Assets (RWA) and features a built-in programmable rules engine that enables creators to design specific behaviors and conditions to dynamically meet various tokenization needs.

5. Digital Identity

By integrating certificates issued by various credentialing institutions, Keeta establishes a comprehensive digital identity profile for each user, encompassing multiple validations from government, banking, industry, and academia. All information is tied to the user's public key, can be selectively disclosed as needed, and can be shared as verified information to reduce redundant verification. This enables an efficient, privacy-preserving cross-service identity authentication mechanism.

6. Private Subnetworks (Sub Networks)

Keeta supports the deployment of a private version in the form of a "subnet," meeting the specific privacy needs of certain scenarios. Subnets operate similarly to the main network, but transactions are not publicly visible on the main network and can be designed to be centralized or decentralized as needed. Mainnet accounts can seamlessly switch to subnets using a "single universal key," and assets and transaction records can be synchronized when switching back to the main network.

Given these features, Keeta's potential in the payment field is seen as a possible challenge to existing competitors, with some commentators even referring to it as the "Ripple Killer."

Tokenomics

Keeta's native token is $KTA, with a total supply of 1 billion tokens distributed as follows:

· Community & Ecosystem Reserve (50%): 75% at TGE unlock, remaining 6 months locked, 48 months linear release. Use cases: grant programs, staking rewards, ecosystem growth promotion, liquidity provision

· Team (20%): 9 months locked, 36 months linear release

· Early Investors (20%): 6 months locked, 24 months linear release

· Foundation (10%): 3 months locked, 48 months linear release

Team and Funding

· Founder: Ty Schenk (@Schenkty), CEO of Keeta

· CTO: Roy Keene (@your pal), former lead developer of Nano (reached a market cap of $4 billion).

According to the official statement for 2023, Keeta has received $17 million in funding from investors, including former Google CEO Eric Schmidt and Steel Perlot Management, valuing the project at $75 million.

Conclusion: The Ripple Killer?

With a strong team (endorsed by a former Google CEO and joined by the former lead developer of Nano) and technical highlights (10M TPS, RWA support), the Keeta Network has garnered significant community interest. Its permissioned system designed for traditional financial regulation and digital identity features address blockchain privacy and compliance issues. After the mainnet launch, international payments will be a key focus, and future applications are eagerly anticipated.

However, the official testnet has not yet launched (announced to be coming soon on March 23), and the actual performance is still to be verified. Additionally, the top 10 holders of $KTA hold as much as 67% of the total, indicating a high degree of chip concentration that needs to be noted. In the future, it is advisable to continue monitoring the progress of the testnet and mainnet, the adoption rate by banks, and changes in chip distribution to avoid chasing prices blindly.

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