Keep Network is a privacy layer for Ethereum that enables private data storage and management on public blockchains. It utilizes "keeps" - off-chain containers that act as private data vaults, encrypting information away from public view. This allows decentralized applications (dApps) to leverage confidential data without compromising privacy. The network is supported by the KEEP token, which facilitates staking and governance. Keep Network aims to bridge Bitcoin and Ethereum via tBTC - a decentralized Bitcoin that interoperates on Ethereum, unlocking new DeFi potential for Bitcoin. Security and decentralization are focal points, as evidenced by design choices and extensive auditing. Backed by prominent investors and developers, Keep Network tackles the challenge of enabling privacy and confidentiality on public blockchains.
tBTC is a decentralized bridge allowing Bitcoin holders to bring their BTC to the Ethereum blockchain and use decentralized finance (DeFi) applications without relying on centralized entities. Each tBTC token maps 1:1 to BTC held in reserves, enabling BTC to be used in Ethereum's expanding DeFi ecosystem for lending, borrowing, or yield generation while still benefiting from Bitcoin's value stability. The system leverages privacy infrastructure from Keep Network, where Bitcoin keys are managed in secure off-chain containers to preserve confidentiality. This trustless approach ensures tBTC operates as permissionlessly as Bitcoin itself. As the first decentralized bridge of its kind, tBTC unlocks Bitcoin's capabilities for Ethereum users, combining the value of BTC with the flexibility of Ethereum's contracts and applications. The credibility of organizations involved and rigorous auditing around tBTC provides assurance around the solution's security and reliability.
The KEEP token is the native utility token of the Keep Network, a protocol focused on enabling private data usage on public blockchains. KEEP plays an integral role in the network's operations, serving as a staking mechanism to secure the network, enable participation in governance, and incentivize running nodes that support core functions. Keep Network nodes must stake KEEP tokens, providing decentralization and security in exchange for opportunities to earn fees. The network also utilizes "keeps" - off-chain containers allowing smart contracts to leverage private data without exposing it on a public blockchain. This addresses a major adoption barrier for blockchains to date. The total supply of KEEP is capped at 1 billion tokens, creating a finite resource for network staking and participation as demand grows for Keep Network's private, secure data solutions. As a utility token essential to key network operations like staking, governance and nodes, KEEP is positioned as an instrumental element of the Keep Network's decentralized, privacy-focused infrastructure.
fKeep Network distinguishes itself through its dedication to decentralization and privacy. It utilizes "keeps" - off-chain containers enabling smart contracts to manage private data without public exposure. A random beacon selects signers for operations, ensuring security and randomness. This supports the network's tBTC application, a decentralized Bitcoin-Ethereum bridge relying on the beacon's trustless signer selection. Rigorous audits ensure optimal encryption for stored data. Together these create a censorship-resistant, permissionless infrastructure for private data usage in public protocols without compromising confidentiality. fKeep Network is thus uniquely positioned as a secure, private solution for decentralized apps and DeFi.
The Keep Network has established a governance system enabling community participation in decision-making. Through a governance forum, Keep encourages users to propose, discuss and vote on various aspects of network development. This democratic approach intends to align the network's evolution with user interests and insights. Community proposals cover diverse topics like protocol upgrades and tokenomics changes, reflecting the governance system's dynamic and responsive nature. Significant proposals have included the "Keanu" hard merge with NuCypher to combine protocols and communities, and the T6 Token Proposal to introduce token structure changes. Keep Network's commitment to decentralization is highlighted by community participation in these discussions and decisions. By empowering users to shape the network’s future, Keep Network fosters a sense of ownership and engagement among stakeholders, which is viewed as crucial for long-term success and resilience.
Keep Network, a privacy-focused infrastructure for public blockchains, has garnered attention in the cryptocurrency market. It is listed on major exchanges like Uniswap, Balancer, and Kraken, providing liquidity and accessibility. The project has received significant investment from top venture capital firms including Andreessen Horowitz, Polychain Capital, and Draper Associates, showcasing confidence in its potential. Market cap, volume, and token supply data for Keep Network’s native token KEEP are available on sites like CoinMarketCap, offering transparency. Recent data shows Keep Network has a market capitalization ranking it among the top projects in crypto, with a circulating token supply nearing its maximum. This information, combined with the project’s technological progress and partnerships, indicates a promising outlook for Keep Network’s role in the evolving DeFi space.
As a privacy-focused infrastructure allowing private data to be used on public protocols, the Keep Network is positioned for major advancements following its merger with NuCypher to form the Threshold Network. This combines protocols, functions and communities to enhance the capabilities of both networks. The roadmap includes furthering decentralization, a core tenet evident in the network's design where "Keeps" enable private data use in public contracts. Additionally, new cryptographic primitives aim to strengthen security and privacy. Now encompassing the Keep Network, the Threshold Network can unlock new possibilities in decentralized finance by facilitating more secure and private blockchain interactions. With these future developments, the Keep Network solidifies its crucial role in DeFi by offering enhanced security without compromising the decentralization underpinning blockchain technology.
This article provides information about the Keep Network cryptocurrency project for informational and research purposes. The content represents a neutral, unaffiliated perspective based on available data and analyses. The views expressed herein should not be construed as financial advice or recommendations. Cryptocurrency markets are highly volatile, and any investment involves substantial risk. Readers should conduct independent research and consult financial advisors before making investment decisions related to any cryptocurrency, including Keep Network’s token. Neither the author nor the publisher assumes responsibility for investment decisions made by readers based on the information presented in this article. The intent is to objectively inform readers about Keep Network’s technology and market landscape.
Keep Network has been making significant strides in the crypto world. The network recently launched tBTC v2, a bridge to Ethereum for Bitcoin, the world's most widely held cryptocurrency. This new token is backed 1:1 by Bitcoin and overcollateralized by 150%. The protocol operates with an optimistic minting model, powered by two main roles: Minters and Guardians. Minters monitor the chain for revealed Bitcoin deposits, while Guardians verify minting requests.
In recent Keep Network news, the network has announced a merger with NuCypher to create the Threshold Network. The goal of this collaboration is to become the most trusted network for bridging non-custodial Bitcoin into lending, borrowing, and saving services across the Ethereum DeFi ecosystem. The Keep community has also voted to shift incentives towards TBTC v2 and coverage pools to align with the launches and needs of the protocol.
Keep Network has expanded its market reach with the listing of its native token, KEEP, on Binance and Coinbase. This development exposes the network to a wider market of potential stakers, furthering Keep's mission of decentralized private computation across the crypto ecosystem. If you're wondering where to buy Keep Network, these platforms are a good starting point.
Keep Network has also relaunched its website to better serve its mission of transparency. The updated website makes it easier for users to learn about and get involved with the Keep protocol and community. The network has also awarded a Community Fellowship to Keeper, a tool that enables KEEP stakers to automatically avoid liquidations while running a node on the network.