Supported by former Google CEO Eric Schmidt, Keeta Network has launched the network.
summary
- Keeta Network has officially launched a high-performance mainnet
- The network claims to be 2,500 times faster than Solana
- Its throughput is claimed to be faster than the combined visa, rapid and Fednow
- The network has, among other things, invested $20 million from former Google CEO Eric Schmidt.
Performance has long been a major bottleneck in blockchain networks, with few people competing with traditional players. Still, this could be changing thanks to new technology. On Monday, September 22nd, Keeta Network launched its mainnet and made bold claims about its speed and scalability.
In particular, during stress testing in June, the network reported 11.2 million transactions per second, making it the fastest blockchain ever. This speed is 2,500 times that of Solana (SOL), but its throughput is said to exceed the total capacity of Visa, Fednow and Swift.
“Our mainnet launch is a major milestone for Keita,” said Ty Schenk, founder and CEO of Keita. “I'm extremely proud of everything the team has accomplished to get to this point and I'm very excited to see what the world has built. Keita is really the most advanced and scalable L1 in the world.
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The network is supported by former Google CEO Eric Schmidt, and has secured a total investment of $20 million. Schmidt highlights the potential for networks to replace traditional financial infrastructure, with technical and regulatory factors operating in their favour.
“Keeta represents a monumental step in the evolution of global financial infrastructure,” said Eric Schmidt, former Google CEO and Keeta Investor. “The team has a clear understanding of technical excellence and the regulatory and institutional landscape. I am confident in their long-term vision and proud to support a platform where values around the world can fundamentally rebuild.”
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