Keep Network
About Keep Network
Keep is an incentivized network for storing and encrypting private data on the public blockchain. The network is made of off-chain containers for private data known as keeps, while the KEEP work token enables it to be completely permissionless. Keep solves the main problem holding back blockchain adoption: that data on public blockchains are public. With Keep, developers can finally build fully decentralized apps. Visit Keep to learn more and stake, and tBTC to see its power in action.
tBTC, a Bitcoin bridge on Ethereum, is the first application built on top of the Keep network. It is an open-source project supported by groups including Keep, Summa and the Cross-Chain Group. tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. It facilitates Bitcoin holders acting on the Ethereum blockchain, accessing the DeFi ecosystem, and earning with their Bitcoin.
KEEP is the network’s native work token with dividends and a slashing model. It provides the sybil resistance that allows the Keep network to be censorship resistant and permissionless.
KEEP can be used to:
- Secure the Keep Network and tBTC via staking
- Run the random beacon and ECDSA nodes on the network
- Run tBTC, similar to running a full node. KEEP stakers can play an even larger role as tBTC signers by bonding ETH.
- Earn fees for providing work on the network
Activity
Keep Network Team
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Advisors
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Keep Network Last News
Keep Network Reviews
Strength and Opportunities:
Keep has convinced the strongest venture capital firms that are active in the blockchain space. Among them is Polychain Capital, one of the most recognized, successful and early cryptocurrency investment firms, and Andreessen Horowitz, which is a top tier generalistic Silicon Valley VC firm. Further investors are DHVC, Draper Associates, and Distributed Capital Partners. Keep counts with high profile advisors who are among the most important actors in the Ethereum ecosystem, such as leading people from Consensys, Aragon and district0X. It is almost impossible to get more recognized investors and advisors compared to Keep. At the same time Keep counts with an active community on reddit and a large follower base on Twitter.
Weaknesses and Threats:
Since Keep is building initially for the Ethereum network, its success will be linked to the adoption of Ethereum vs other public cryptocurrencies. Despite this it will be possible to use the technology on other public blockchains through amendments to the code base. This means that Keep does not entirely depend on the success of the Ethereum platform, which gives more flexibility to the project.
Verdict:
Next to scalability, privacy seems to be one of the major challenges that public blockchains need to solve before they can see mainstream adoption. Keep is trying to build a solution to this problem for the Ethereum blockchain and this way helps Ethereum compete with other cryptocurrencies such as Zcash. The early stage investors of this project look incredibly solid. Keep seems to be one of the missing pieces for the Ethereum ecosystem to flourish and the team seems to be capable of building that piece.
24-Apr. Sergey: We are watching Keep Network. Membership in Slack is going to be their whitelist. We are waiting for ICO.
Keep Network is a very promising project, but we deduct points for the absence of a prototype. Moreover, it has two strong competitors: NuCypher has an advantage (easy, fast, and scalable) in the mass customer market, and Enigma is more experienced and has already finished its ICO stage. However, this industry-sector is very promising, and we should wait for the Keep Network demo. For now, then, our verdict is 6 out of 10.
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