Keeta Network, backed by former Google CEO Eric Schmidt, has officially launched its mainnet, boasting a throughput that surpasses that of Visa, Swift, and Fednow combined, marking a significant milestone in the development of blockchain technology.
Introduction to Keeta Network
The Keeta Network has begun its high-performance mainnet, claiming to be 2,500 times faster than Solana, one of the leading blockchain platforms. This impressive speed, combined with its high throughput, positions Keeta as a potential game-changer in the world of blockchain and financial transactions. Among its notable backers is Eric Schmidt, the former CEO of Google, who has invested $20 million in the network.
Key Features and Claims
The network’s performance was put to the test in June, where it reportedly processed 11.2 million transactions per second, making it the fastest blockchain to date. This speed and scalability are crucial for blockchain networks aiming to compete with traditional financial systems. Keeta’s throughput is claimed to exceed the combined capacity of Visa, Fednow, and Swift, which are among the most significant players in global financial transactions.
According to Ty Schenk, founder and CEO of KEETA, “Our start for the main network marks a huge milestone for Keeta. I am incredibly proud of everything the team has achieved to bring us to this point and to see what we have built for the world.” This milestone underscores the network’s potential to redefine the global financial infrastructure landscape.
Investment and Backing
Eric Schmidt’s investment in Keeta Network is a testament to the network’s potential. Schmidt highlighted the network’s technical and regulatory compliance as key factors that could enable it to replace traditional financial infrastructure. In his words, “Keeta is a monumental progress in the development of global financial infrastructure. The team combined technical excellence with a clear understanding of the regulatory and institutional landscape. In their long-term vision and pride, I am confident that I can fundamentally redesign a platform that the value around the world moves.”
With such backing and the significant claims it has made, Keeta Network is poised to make a substantial impact on the blockchain and financial sectors. Its ability to process transactions at speeds far exceeding current blockchain leaders and traditional financial transaction systems could usher in a new era of efficiency and scalability in global finance.
For more information on the Keeta Network and its launch, visit https://crypto.news/keeta-network-launches-mainnet-claims-2500x-solana-speed/
