With an 8-fold rise in a single month, Google Halo and tens of millions of TPS are blessed, is the new L1 Keeta a potential stock or a speculation concept?
By Frank, PANews
The crypto market has never been short of stories of "dragon slayers", and the recent Keeta Network is undoubtedly the latest challenger to try to swing the sword again into the "impossible triangle" in the payment space. With high-profile narratives such as "10 million TPS" and "built-in compliance", as well as the astonishing increase of its token KTA of up to 8 times since May, Keeta quickly gathered the attention of the market and the pursuit of capital.
However, under this dazzling halo of former Google CEO investment, is Keeta a veritable potential unicorn, or another carefully woven "feast of air"?
Tens of millions of TPS, whether it is a gimmick or strengthKeeta
Network positions itself as a revolutionary Layer-1 solution that aims to unify the global payment network and empower the efficient flow of RWA. Its core technology goals include transaction processing speeds of up to 10 million TPS, 400 milliseconds of transaction confirmation time, extremely low transaction fees (officially only a few cents), and native integration of multi-token support, an extensible permission system, atomic swaps, and a digital identity and KYC/AML compliance framework via X.509 certificates. Some early sources even mention a higher target of 50 million TPS.
Before we explore the possibilities, we may need to understand what 10 million TPS is. Compared with traditional payment giants, such as Alipay, which announced a transaction processing capacity of about 544,000 transactions per second during peak periods such as "Double 11", the average processing capacity of Visa's global network is about thousands of transactions per second, with a peak of tens of thousands. Keeta's claimed 10 million TPS not only far exceeds these centralized payment giants, but also significantly ahead of the existing mainstream public chains (such as Solana's claim of about 65,000 TPS).
Such a huge difference of order of magnitude raises questions about the authenticity and achievability of its technical indicators. Is this the theoretical upper limit of the underlying raw throughput capacity of the blockchain, or the processing capacity of the application layer that has been verified by the market?