What is the Keep Network (KEEP)?
Keep Network is a platform designed to store and encrypt private data on public blockchains through an incentivized network. It features off-chain containers called keeps for managing private data, leveraging the KEEP work token to maintain a completely permissionless system. Keep Network addresses a critical challenge in blockchain technology: the inherent public nature of data on public blockchains. By utilizing Keep, developers can create fully decentralized applications. tBTC represents the first application built on the foundation of the Keep Network. As a Bitcoin bridge on Ethereum, tBTC is supported by organizations such as Keep, Summa, and the Cross-Chain Group. It functions as an open-source project, offering a fully Bitcoin-backed ERC-20 token that mirrors the value of Bitcoin. This allows Bitcoin holders to engage with the Ethereum blockchain, participate in the DeFi ecosystem, and generate earnings through their Bitcoin holdings. The native work token of the network, KEEP, incorporates a dividends and slashing model. This token confers sybil resistance, ensuring that the Keep Network remains both censorship-resistant and permissionless. Key functionalities of KEEP include: * Securing the Keep Network and tBTC through staking * Operating random beacon and ECDSA nodes within the network * Facilitating tBTC operations, akin to running a full node. KEEP stakers can assume a more significant role as tBTC signers by bonding ETH. * Earning fees by contributing work to the network Applications and tools within the KEEP ecosystem encompass: * Keep Random Beacon * tBTC - a decentralized Bitcoin bridge on Ethereum * Keep Token Dashboard - a tool for managing and staking KEEP * Keep Stats - provides a high-level summary of Keep and tBTC network statistics * All the Keeps - a monitoring tool for all tBTC deposits within the Keep Network For additional information and insights, please refer to Eulerpool.