Kite is a next generation blockchain designed for an agentic economy where AI agents can transact and act autonomously.
KITE
Blockchain: Kite Blockchain, an EVM-compatible Layer-1 on Avalanche subnet
Consensus Mechanism: Proof of Artificial Intelligence (PoAI), optimized for AI workloads and rewarding verified contributions
Total Supply
10,000,000,000 KITE
Backers
PayPal Ventures and Coinbase Ventures
Core Features of Kite
Kite is built around the SPACE Framework, which focuses on AI-driven autonomous transactions.
StablecoinNative Payments
All payments on Kite use stablecoins like USDC or PYUSD. This avoids the price swings of traditional cryptocurrencies and allows predictable, low-cost micropayments.
Programmable Constraints
Users can set strict rules for AI agents. For example, an agent may have a "$500 monthly limit for booking tasks." This prevents large, unintended losses.
Agent First Authentication
Kite uses a three layer identity system for safety and traceability:
User Identity
The human owner controls private keys.
Agent Identity
Each AI agent has a unique, on-chain identity and wallet. Its authority is limited by the user.
Session Identity
Temporary keys for each task expire after use, ensuring security.
Compliance Ready
Every action by an AI agent is recorded on the blockchain. This provides an immutable audit trail for transparency and regulatory compliance.
Economically Viable Micropayments
Using state channels and the x402 payment protocol, Kite enables instant, high-throughput, near-zero-fee payments. Machine-to-machine payments and API calls become feasible and cost-effective.
Interoperability
Kite supports existing protocols like Google’s A2A and Anthropic’s MCP, allowing agents to interact with other ecosystems seamlessly.
KITE Token Utility
The KITE token is the backbone of the ecosystem and has multiple uses:
Gas Fees
Pay for transactions and AI computations on the network.
Staking & Security
Validators and delegators stake KITE to secure the network and earn rewards.
Governance
Token holders vote on upgrades, protocol changes, and network decisions.
Ecosystem Access: Developers need to hold or lock KITE to launch AI services on the platform.
My Opinion
Kite is a powerful solution for the emerging AI-driven economy. Its focus on secure agent transactions, stable payments, and compliance makes it stand out. The combination of PoAI, stablecoins, and programmable agent limits ensures both safety and efficiency. KITE tokens play a crucial role, making the ecosystem functional and sustainable.
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