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About Psy Protocol
Psy Protocol (formerly QED) is a PoW-based blockchain network. Its key milestones include: completing a $6 million seed round led by Blockchain Capital in 2023, which provided initial resources for R&D; officially launching its public testnet in September 2025, demonstrating a novel architecture combining client-side zero-knowledge proofs with a horizontally scalable state model (PARTH) to achieve internet-scale throughput while maintaining Bitcoin-level security; and subsequently achieving 521,000 TPS in internal benchmarks, with a $100,000 bounty offered for independent verification of this performance claim. These events mark the project's evolution from concept to a publicly testable network, with the TPS bounty representing a significant step toward transparent, verifiable performance claims.
Psy Protocol's core progress in the past six months centered on technical validation and ecosystem groundwork. In February 2026, the official testnet achieved 521,000 TPS, based on the PoUW (Proof of Useful Work) consensus, utilizing parallel state partitioning (PARTH) and recursive zero-knowledge proofs for horizontal scaling. All test data and a $100,000 bounty were publicly released for independent verification. The project positions itself as infrastructure for the "Agentic Internet" (Web4), emphasizing autonomous AI agent transactions rather than human interaction.
Future priorities are clear: first, advancing mainnet deployment and refining the multi-Realm parallel architecture with cross-domain coordination; second, improving ZK proof aggregation efficiency to reduce verification costs; third, building an AI-agent-oriented programming model supporting automated negotiation and settlement between agents; fourth, strengthening privacy through local proof generation and on-chain verification separation. The roadmap indicates the next phase will focus on developer toolchains and agent identity standards to attract AI-native applications.
Carter Jack Feldman (Founder & CEO)
Previously founded ModPE, bringing modding to mobile Minecraft with over 20 million downloads and 150,000 developers. Developed early remote code execution exploit chains for Xbox 360. Served three years as a Top 21 EOS Block Producer, securing over $1 billion in staked value. Currently building Psy Protocol, a scalable, privacy-first blockchain using PoUW 2.0 consensus.