Information about "Keep Network"
What Is the Keep Network (KEEP)?
Keep is a motivated network designed for storing and encrypting private information on a public blockchain. It comprises off-chain storage units called keeps that safeguard private data, while the KEEP work token ensures that the network remains entirely permissionless. The main issue that has hindered the widespread adoption of blockchain technology is public data visibility; Keep addresses this by allowing developers to create fully decentralized applications. For more details and to explore staking, visit Keep. To see Keep's capabilities in action, check out tBTC.
tBTC serves as a Bitcoin bridge on Ethereum and is the first application built atop the Keep network. This open-source initiative is supported by groups like Keep, Summa, and the Cross-Chain Group. As an ERC-20 token fully backed by Bitcoin, tBTC is pegged to Bitcoin's value. It enables Bitcoin holders to function on the Ethereum blockchain, tap into the DeFi ecosystem, and generate returns with their Bitcoin assets.
KEEP operates as the network's native work token, featuring dividends and a slashing model. This token provides the sybil resistance necessary for the Keep network to remain censorship-resistant and permissionless.
KEEP can be utilized to:
* Secure the Keep Network and tBTC through staking
* Operate the random beacon and ECDSA nodes within the network
* Run tBTC, akin to managing a full node, with KEEP stakers able to take on a larger role as tBTC signers by bonding ETH.
* Earn fees for contributing work to the network
KEEP's suite of applications and tools includes:
* Keep Random Beacon
* tBTC - a decentralized Bitcoin bridge on Ethereum
* Keep Token Dashboard - a platform to manage and stake your KEEP tokens
* Keep Stats - an overview of Keep and tBTC network statistics
* All the Keeps - a tool to track all tBTC deposits on the Keep network
tBTC serves as a Bitcoin bridge on Ethereum and is the first application built atop the Keep network. This open-source initiative is supported by groups like Keep, Summa, and the Cross-Chain Group. As an ERC-20 token fully backed by Bitcoin, tBTC is pegged to Bitcoin's value. It enables Bitcoin holders to function on the Ethereum blockchain, tap into the DeFi ecosystem, and generate returns with their Bitcoin assets.
KEEP operates as the network's native work token, featuring dividends and a slashing model. This token provides the sybil resistance necessary for the Keep network to remain censorship-resistant and permissionless.
KEEP can be utilized to:
* Secure the Keep Network and tBTC through staking
* Operate the random beacon and ECDSA nodes within the network
* Run tBTC, akin to managing a full node, with KEEP stakers able to take on a larger role as tBTC signers by bonding ETH.
* Earn fees for contributing work to the network
KEEP's suite of applications and tools includes:
* Keep Random Beacon
* tBTC - a decentralized Bitcoin bridge on Ethereum
* Keep Token Dashboard - a platform to manage and stake your KEEP tokens
* Keep Stats - an overview of Keep and tBTC network statistics
* All the Keeps - a tool to track all tBTC deposits on the Keep network
How Many KEEP Coins Are There in Circulation?
The Keep Network went live on its mainnet on April 27th, 2020, launching with a total of 1 billion KEEP tokens. These tokens have a fixed supply, ensuring that no more than 1 billion KEEP will ever be in circulation.
What Makes Keep Unique?
In the realm of decentralized applications (dApps) and decentralized finance (DeFi) projects, it's crucial that the team doesn't hold control over the keys. The Keep Network offers off-chain storage units called keeps, which allow smart contracts to interact deeply with private data, all while maintaining transparency and auditability.
tBTC, the inaugural application on the Keep Network, ensures censorship resistance by utilizing keeps for data storage. Each TBTC token is fully backed and corresponds with at least 1 BTC held in reserve. The system is trustless, leveraging Keep’s random beacon to select “signers” who are bonded in ETH and oversee the BTC deposits. This setup allows seamless conversion between TBTC and BTC without intermediaries.
tBTC, the inaugural application on the Keep Network, ensures censorship resistance by utilizing keeps for data storage. Each TBTC token is fully backed and corresponds with at least 1 BTC held in reserve. The system is trustless, leveraging Keep’s random beacon to select “signers” who are bonded in ETH and oversee the BTC deposits. This setup allows seamless conversion between TBTC and BTC without intermediaries.
Where Can I Get Keep (KEEP)?
You can earn KEEP by staking on the network right now and by participating in the upcoming ETH-only stakedrop. Additionally, you can gain KEEP through Playing for Keeps, a program that encourages individuals to learn staking and reward community contributions. To be eligible for Playing for Keeps prizes, you must join our [Discord server](. This will help you learn more about staking and the upcoming public stakedrop.
KEEP is also increasingly available for trading on various exchanges, offering pairs with both cryptocurrencies and stablecoins.
Uniswap
Matcha
Mooniswap
Curve
Balancer
New to cryptocurrency?
KEEP is also increasingly available for trading on various exchanges, offering pairs with both cryptocurrencies and stablecoins.
Uniswap
Matcha
Mooniswap
Curve
Balancer
New to cryptocurrency?
