🟢 What is the “KITE” project, what are its goals, how does it work, and how is it used?
⬅️ Kite project:
Kite is a first-generation blockchain network (Layer-1) — compatible with EVM (Ethereum Virtual Machine) specifically designed to support 'artificial intelligence agents'.
⬅️ Goals of the Kite project:
Goal: Empower artificial intelligence agents to have an independent 'digital identity', a private wallet, conduct encrypted transactions, manage their funds, and perform programming tasks independently — without relying on centralized intermediaries like banks or traditional payment platforms.
👈 In short: Kite aims to be the “economic infrastructure” of the age of artificial intelligence — where artificial intelligence agents can “act as economic units” in a decentralized network.
⬅️ How Kite works — technology and uses:
🔶️The network relies on a consensus mechanism based on the contribution of intelligence (a customized version of Proof-of-Stake that rewards contributors for providing data, models, services, and agents).
🔶️KITE — the native currency — can be used for several purposes: paying transaction fees, paying for the use of computing infrastructure (GPU, hosting agents, running AI models), participating in governance, and staking to gain additional benefits or privileges.
🔶️The system also supports “subnets” (subnetworks/independent units) — allowing developers to create specialized platforms/applications within the Kite ecosystem: data analysis, artificial intelligence services, creative content,
