Keep Network KEEP Price

What is Keep Network (KEEP)?

In the ever-evolving landscape of blockchain technology, Keep Network stands out as a beacon of privacy-focused infrastructure for public blockchains. Established in 2017 by crypto industry veterans Matt Luongo and Corbin Pon, Keep Network introduces a unique second-layer protocol for Ethereum, aiming to bridge the gap between public distributed ledgers and encrypted confidential data. At its core are off-chain containers called "Keeps," responsible for securely encrypting and storing private data without compromising confidentiality on the public blockchain.

Keep Network's native utility token, KEEP, plays a pivotal role in governance, staking, and incentivization events within the system. KEEP holders have the power to vote on network management, stake their tokens for rewards, and actively participate in maintaining the network's decentralization. The innovative protocol solves the critical challenge of public blockchains exposing sensitive information, enabling developers to build fully decentralized applications. One such groundbreaking application is tBTC, a secure and permissionless bridge between Bitcoin and Ethereum, offering Bitcoin holders the ability to participate in the DeFi ecosystem while safeguarding their private keys within Keeps.

The Keep Network's commitment to privacy, security, and decentralization is further exemplified by its unique features, such as the Random Beacon Node for secure signer selection, incentivized Keep operators who stake KEEP tokens, and the mission to create a secure, global, decentralized economy. With the backing of notable investors like Polychain and Andreessen Horowitz, Keep Network continues to pave the way for a new era of blockchain applications that prioritize user privacy and data security. Visit Keep Network to explore the world of decentralized applications, stake your KEEP, and witness the transformative power of tBTC in action.

What is unique about Keep Network (KEEP)?

KEEP Network distinguishes itself by enabling private data utilization on public blockchains through off-chain Keeps, ensuring security and confidentiality.

Who are the founders of Keep Network (KEEP)?

KEEP Network was founded in 2017 by Matt Luongo and Corbin Pon, experienced crypto industry veterans with a background in Bitcoin rewards app Fold.

Who are the backers/investors of Keep Network (KEEP)?

Early supporting stakers and investors of KEEP Network include Polychain, Andreessen Horowitz, Draper Associates, Paradigm, Fenbushi, A.Capital, Collaborative Fund, and ParaFi, among others.

What is the consensus mechanism of Keep Network (KEEP)?

Keep Network employs a decentralized random selection tool known as the Random Beacon Node, acting as a BLS threshold relay for a secure and distributed signer selection process.

Where can I buy Keep Network (KEEP)?

You can buy Keep Network (KEEP) on Kraken, Uniswap V2 (Ethereum)Mercado Bitcoin cryptocurrency exchanges.