Article Summary, Automatically Generated By AI
About Keep Network
Key Points
- Keep is a decentralized network for storing and encrypting private data on the public blockchain.
- KEEP is the native work token with dividends and a slashing model.
- 1 billion KEEP tokens were created at mainnet launch on April 27th, 2020.
- KEEP applications and tools include Keep Random Beacon, tBTC, Keep Token Dashboard, Keep Stats, and All the Keeps.
- tBTC is a decentralized Bitcoin bridge on Ethereum, fully backed by at least 1 BTC held in reserve.
- KEEP can be used for staking, running nodes, and earning fees.
- The Keep Network features off-chain containers for private data called
About the Keep Network
Introducing the Keep Network (KEEP): A Decentralized Data Privacy Solution
Introducing Keep, a decentralized network that revolutionizes the storage and encryption of private data on public blockchains. Comprising off-chain containers, dubbed “keeps,” this innovative platform empowers developers to build fully decentralized applications. The KEEP work token ensures a permissionless environment, resolving the long-standing issue of public data exposure on blockchain networks. By harnessing the power of Keep, developers can now create truly decentralized apps. Explore Keep to discover more and stake your claim, and experience the transformative potential of tBTC in action.
tBTC, a pioneering Bitcoin bridge on Ethereum, marks the inaugural application built atop the Keep network. This open-source project is proudly supported by a consortium of esteemed groups, including Keep, Summa, and the Cross-Chain Group. As a fully Bitcoin-backed ERC-20 token, tBTC is pegged to the value of Bitcoin, thereby enabling Bitcoin holders to seamlessly interact with the Ethereum blockchain, tap into the thriving DeFi ecosystem, and unlock earning opportunities with their Bitcoin assets.
KEEP is the native work token of the network, boasting dividends and a slashing model. This innovative token enables the Keep network to maintain its censorship resistance and permissionless nature, thereby ensuring sybil resistance.
KEEP can be leveraged to:
- Ensure the integrity of the Keep Network and tBTC through staking
- Operate the random beacon and ECDSA nodes, maintaining the network’s infrastructure
- Participate in tBTC, akin to running a full node, and further amplify your role as a KEEP staker by bonding ETH to become a tBTC signer
- Accrue fees as compensation for contributing valuable work to the network
Our comprehensive suite of KEEP applications and tools encompasses:
- Maintain the Integrity of Random Beacon
- tBTC – A Decentralized Bitcoin Bridge on the Ethereum Network
-
Keep Token Dashboard
- a Comprehensive Interface for Managing and Staking Your KEEP Tokens
-
Keep Network Insights
- a High-Level Overview of Key Keep and tBTC Network Statistics
-
Monitor All tBTC Deposits
- a Comprehensive Tool for Tracking All tBTC Deposits Across the Keep Network
- A user-friendly interface to seamlessly manage and stake your KEEP tokens.
- A concise overview of the Keep and tBTC network’s key performance indicators
- A cutting-edge utility for real-time monitoring of all tBTC deposits within the Keep network ecosystem.
The Circulating Supply of KEEP Coins: A Closer Look
The Keep Network successfully launched its mainnet on April 27th, 2020, accompanied by the creation of 1 billion KEEP tokens. Notably, KEEP tokens boast a fixed supply, ensuring that the total amount in existence will forever be capped at 1 billion, with no possibility of additional tokens being introduced.
Unveiling the Unparalleled Features of Keep
When it comes to decentralized applications and decentralized finance projects, it is essential that the team does not possess the keys. The Keep Network boasts off-chain containers for private data, dubbed “keeps,” which enable smart contracts to interact seamlessly with private data while maintaining transparency and auditability.
tBTC, the pioneering application built on the Keep Network, boasts censorship-resistant properties by leveraging keeps to store data. Each TBTC token is fully collateralized and matched by a minimum of 1 BTC held in reserve. Notably, tBTC operates in a trustless manner, utilizing Keep’s random beacon to select bonded “signers” who are incentivized in ETH and assume responsibility for the deposited BTC. This facilitates seamless conversions between TBTC and BTC, and vice versa, at any time, without the need for intermediary approval.
Acquiring Keep (KEEP): A Comprehensive Guide
Earn KEEP by staking on the network today and get ready to participate in our upcoming ETH-only stakedrop. Alternatively, you can also earn KEEP by engaging in Playing for Keeps, an initiative that rewards community contributors with KEEP while teaching them the ropes of staking. To be eligible for Playing for Keeps prizes, simply join our [Discord server](. By doing so, you’ll gain access to valuable insights on staking on the network and stay updated on our public stakedrop, launching soon.
KEEP is also accessible for trading on an expanding array of exchanges, with cryptocurrency and stablecoin pairings presently available, catering to diverse investor preferences.
Uniswap, Matcha, Mooniswap, Curve, and Balancer: A Quintet of Decentralized Exchanges
New to the world of cryptocurrency? Look no further! CoinMarketCap presents a comprehensive beginner’s guide to purchasing Bitcoin or any other digital token with ease.
About the Keep Team
The Keep Team is a diverse group of innovators, visionaries, and experts in blockchain technology, cryptography, and software development.
In 2017, the Keep Network was established by Matt Luongo and Corbin Pon, seasoned veterans of the crypto industry, who had previously co-founded Fold, a pioneering Bitcoin rewards app.
The Keep Network has garnered the early support of esteemed stakeholders, including Polychain, Andreessen Horowitz, Draper Associates, Paradigm, Fenbushi, A.Capital, Collaborative Fund, and ParaFi, among other prominent entities.
The Keep project boasts a robust team of over 20 members, comprising seasoned engineers with profound expertise in discrete mathematics and cryptography, as well as visionary business leaders who were instrumental in ConsenSys’s formative years.
Associated Resources:
Delve into the world of tBTC and discover its intricacies
here
.
Embark on a journey to demystify the world of cryptocurrency with Alexandria, CoinMarketCap’s comprehensive educational hub, where you’ll discover a wealth of information tailored to enlighten and empower.