When AI learns to spend money: Understanding the infrastructure built specifically for the machine economy - Kite
The future protagonists of the digital economy may be AI agents. They can shop and manage investments autonomously, but how can they securely and efficiently complete payments "by themselves"? Traditional blockchains are not designed for machines.
Kite was created for this purpose; it is an EVM-compatible Layer 1 blockchain built specifically for the AI agent economy. Its core is to solve identity, governance, and payments:
· Verifiable identity: Through the "Agent Passport" (KitePass), each AI agent is provided with a unique on-chain identity, establishing a foundation of trust.
· Programmable governance: Developers can set fine-grained rules (such as budget limits) for AI agents and automate execution through smart contracts.
· Real-time machine payments: The network is optimized for high-frequency micropayments, with a target block time of about 1 second, extremely low fees, and supports real-time transactions between AI agents.
Kite has received investments from institutions such as PayPal Ventures and Coinbase Ventures, the testnet has processed over 17 billion agent interactions, and it has piloted integrations with Shopify and PayPal.
$KITE tokens will empower the ecosystem in two phases: first to incentivize participation, then to expand into staking, governance, and network transaction fee functionalities. It is not only a governance tool but also the core fuel driving the future machine economy.
