Psy Protocol (formerly QED Protocol)

Psy is a scalable, privacy-first, trustless blockchain network secured by the innovative Proof-of-Useful-Work (PoUW) 2.0 consensus mechanism.

Seed Round: $6M

Funding Round: $3M

Whitepaper

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What is Psy Protocol

Psy Protocol (formerly QED Protocol) is a revolutionary Layer-1 blockchain specifically engineered to address blockchain’s core challenges: scalability, security, and user privacy. Utilizing advanced zero-knowledge (zk) technology, Psy enables rapid transactions, minimal fees, and robust privacy—ideal for mainstream decentralized application adoption.

Psy is a reinvention of what it means to be a blockchain, developed from first principles to build a Layer 1 protocol that delivers what the internet Web3 always promised: limitless scale, unshakeable user sovereignty, and an economy built on fairness.

Central to Psy Protocol is our unique Proof of Useful Work (PoUW 2.0) consensus mechanism, where miners collaboratively perform valuable computational and data-storage tasks, directly enhancing network scalability, security, and efficiency. Complementing PoUW 2.0 is Psy’s zkPARTH architecture, supporting millions of parallel transactions without conflicts or bottlenecks, perfectly suited for decentralized payments, Web2 integrations, gaming, and sophisticated decentralized exchanges (DEX).

Psy prioritizes user privacy by enabling local transaction verification, ensuring sensitive personal data never leaves the user’s device.