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

Editor's Note: This article was first published in March 2025, when the testnet had not yet launched, so some data may vary. This article is intended solely to introduce 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?

This week, altcoins have generally rebounded, with most tokens on the base chain showing strong resilience from the bottom, surging in trading volume, with a focus on AI-related tokens. However, Keeta Network stands out not as an AI token; as a brand-new L1 public chain, even before the testnet launch, it has garnered attention due to investment from Google's former CEO Schmidt, with its token $KTA showing impressive trading volume and price surge.

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

According to CoinGecko data, $KTA has been on a continuous rise since its issuance on March 6, with a significant surge starting on the 18th, experiencing minimal retracement. Yesterday (25th), $KTA hit a new all-time high of $0.2214, with a market cap exceeding $88.5 million, up approximately 10% in the past 24 hours, more than a 13x increase in the past two weeks. What makes this project special and worthy of such market hype? Read on to dive deep into Keeta Network's core architecture and development roadmap.

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 cross-chain transactions and emphasizing seamless integration with the traditional financial system (TradFi).

The original intent behind Keeta's design is to address pain points in traditional payment systems, such as high fees, slow settlement speeds, and lack of compliance support, aiming to achieve 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 settlement times as fast as 400 milliseconds, significantly outperforming traditional public chains and payment systems.

This performance is derived from the following four key designs:

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

1-2) dPoS Consensus Mechanism: Keeta utilizes Delegated Proof of Stake (dPoS) as its consensus mechanism, where token holders can delegate their tokens to representatives for governance participation and transaction validation, achieving a fast and decentralized block validation process through five steps: vote initiation -> provisional voting -> cross-validation -> final voting -> block broadcast.

1-3) Separation of Nodes and Hardware: 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, maintaining a stable transaction processing speed even under high load.

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

2. Anchor - High Interoperability

Any blockchain can connect to the Keeta network through Keeta's anchor feature, allowing users to transfer assets between different blockchains. What's 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 exchange between fiat and digital assets, creating a global payment interoperable network.

Through the Anchor feature, any blockchain can join the Keeta network, supporting cross-chain asset transfers. Importantly, Anchor can also integrate with traditional payment systems like SWIFT, ACH, enabling seamless conversion between fiat and digital assets, and building a global payment interconnected network. For example, a US 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, ensuring successful receipt.

3. Built-in Compliance

Keeta has 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 adopts a native tokenization mechanism, allowing 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 network-native assets that can directly issue both fungible and non-fungible tokens, support real-world asset tokenization (RWA), and other diverse applications, with a built-in programmable rules engine that enables creators to design specific behaviors and conditions to flexibly meet various tokenization needs.

5. Digital Identity

By integrating certificates issued by various credentialing institutions (verifying authorities), Keeta establishes a comprehensive digital identity profile for each user, encompassing multiple validations from government, banking, industry, and academia, among others. 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, thereby achieving an efficient, privacy-preserving cross-service identity verification mechanism.

6. Private Subnetwork

Keeta supports the deployment of a private version in the form of a "subnetwork," meeting specific privacy needs for certain scenarios. The subnetwork operates similarly to the main network, but transactions are not publicly visible on the main network and can be designed in a centralized or decentralized manner as needed. Main network accounts can seamlessly switch to the subnetwork 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 sector is considered 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% TGE unlock, remaining portion locked for 6 months, linear release over 48 months. Use cases: grant programs, staking rewards, ecosystem growth promotion, liquidity provision

· Team (20%): Locked for 9 months, linear release over 36 months

· Early Investors (20%): Locked for 6 months, linear release over 24 months

· Foundation (10%): Locked for 3 months, linear release over 48 months

Team and Funding

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

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

According to the official 2023 statement, 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 former Google CEO and onboarded former Chief Developer of Nano) and technical highlights (10M TPS, RWA support), Keeta Network has gained significant community admiration. Its permissioned system designed for traditional financial regulations and digital identity features address blockchain privacy and compliance issues. Once the mainnet is launched, international payments will be the primary focus, and future applications are highly anticipated.

However, the official testnet has not yet been launched (announced to be launched on March 23), and the actual performance is still pending verification. Additionally, the top 10 holders of $KTA account for as much as 67% of the total, indicating a high concentration of chips which needs to be noted. In the future, it is advisable to continue monitoring the progress of the testnet and mainnet, bank adoption rates, as well as changes in chip structure to avoid blindly chasing prices.

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