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Keep Network (KEEP)
8.48%
$ 0.045329
$ 0.003844
⇣ 0.045382
15 Jan
⇡ 0.050894
What is Keep Network (KEEP)?

Keep Network (KEEP), with the approval of its community members, decided to merge with NuCypher in June 2021 and create the Threshold (T) Network. Threshold (T) is the first network to emerge from the on-chain merger of two decentralized networks. KEEP, available on our exchange, has been listed as Threshold (T) starting from February 28, 2022.
Keep Network is a network created to store and encrypt private data on the public blockchain. While Keep Network consists of off-chain data containers known as keeps for private data, the KEEP work token enables it to be fully permissionless. This network solves the main issue preventing the adoption of the blockchain. The main problem is that data related to public blockchains are known to be public. With Keep Network, developers can create fully decentralized applications.
The tBTC token, a Bitcoin bridge on Ethereum, is known as the first application built on Keep Network. Keep Network is an open-source project supported by groups like Summa and Cross-Chain Group. tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. It facilitates Bitcoin holders to move on the Ethereum blockchain, access the DeFi (Decentralized Finance) ecosystem, and earn with their Bitcoins.
KEEP is known as the native work token of the network with revenue shares and a staking model. Keep Network provides sybil resistance that ensures it is censorship-resistant and permissionless.
What Are the Uses of Keep Network (KEEP)?
• Securing Keep Network and tBTC through staking,
• Running random beacon and ECDSA (Elliptic Curve Digital Signature Algorithm) nodes on the network,
• Operating tBTC in a manner similar to running a full node,
• KEEP stakers playing an even bigger role by bonding ETH to become tBTC signers,
• Earning fees for providing work on the network are listed as usage purposes.
Who Are the Founders of Keep Network (KEEP)?
Keep Network was founded in 2017 by crypto industry leaders Matt Luongo and Corbin Pon, who previously created the Bitcoin rewards application Fold. Among the initial supporters of Keep Network are Polychain, Andreessen Horowitz, Draper Associates, Paradigm, Fenbushi, A.Capital, Collaborative Fund, and ParaFi. The Keep Network project employs over twenty personnel, including engineers with deep experience in discrete mathematics and cryptography, and business leadership dating back to the founding of ConsenSys.
What Makes Keep Network (KEEP) Special?
When it comes to DApps (Decentralized Applications) and DeFi (Decentralized Finance) projects, the founding team's keys should not be required. Keep Network, without compromising transparency or auditability, provides strong interaction with smart contracts using private data, with off-chain containers for private data known as keeps. The first application built on Keep Network, tBTC, is resistant to censorship because it stores data for the purpose of storage. Every TBTC token is fully backed and matched with at least 1 BTC in reserve. Selecting "signers" responsible for the bonded ETH and the deposited BTC makes tBTC, using Keep's random beacon, trustless. This means that TBTC can be converted to BTC or BTC to TBTC at any time without any intermediary's session termination.
Why Is Keep Network (KEEP) Valuable?
The KEEP cryptocurrency gains value with its service of ensuring the security of private data. Specifically, KEEP exists within the network itself and is the only cryptocurrency that can be used for significant network transactions. For example, users wanting to provide information must first purchase and stake KEEP tokens through a smart contract, then users can reclaim their KEEP tokens if they act honestly and provide services of adequate quality.
Staked KEEP allows users to be randomly selected by the network, and once selected, they must deposit more KEEP for every new KEEP to encourage their work. Information providers are rewarded with extra KEEP tokens if they satisfactorily fulfill their tasks. Users wanting to store data in repositories can pay for this service using KEEP tokens or ETH, Ethereum's native cryptocurrency. Like many other cryptocurrencies, the supply of KEEP tokens is limited; in other words, according to the software's rules, there can only be 1 billion tokens.
Why Should I Use Keep Network (KEEP)?
Keep Network may be attractive for developers who want to create blockchain-based applications requiring access to private data. Consequently, users wanting to securely store private information might also be interested in using Keep Network's services. Investors believing in the future of securely stored, smart contract-accessible data for secure, private computations on blockchains may want to add KEEP to their portfolios. Users wishing to utilize their Bitcoin assets to engage with Ethereum's decentralized finance (DeFi) tools might also be interested in KEEP.
Where Can I Buy Keep Network (KEEP)?
You can earn KEEP by staking in the Keep Network or by participating in the upcoming ETH-only stakedrop. Joining Playing for Keeps, which encourages people to learn about staking and earning KEEP by contributing to the community, can also earn KEEP. To qualify for Playing for Keeps rewards, join the Discord server. For more information on staking in the Keep Network and participating in the public stakedrop, join Discord. KEEP is also available for trading with an increasing number of exchanges against cryptocurrency and fiat pairs.
How Many KEEP Coins Are There in the Market?
Keep Network launched its mainnet on April 27, 2020, with 1 billion KEEP tokens created. Since KEEP tokens are a fixed supply asset, there will not be more than 1 billion KEEP produced.
How to Buy Keep Network (KEEP)?
For those interested in investing in cryptocurrency, the question of how to buy and sell Keep Network (KEEP) is often asked. This can be done either by mining or using a specially created cryptocurrency exchange.
In Turkey, buying Keep Network (KEEP) with Turkish Lira is much easier and quicker than one might think. Without needing any technical knowledge or official documents, you can purchase Keep Network (KEEP).
Keep Network (KEEP)
8.48%
$ 0.045329
$ 0.003844
⇣ 0.045382
15 Jan
⇡ 0.050894
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