Price Data, Market Cap & News for Keep Network ($KEEP) Cryptocurrency

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Description of Keep Network

Headlines are updated in real time. Click on a headline to the left to read the news.

A Brief Introduction to Keep Network

Keep Network is a unique platform in the world of cryptocurrencies. Its primary function is to store and encrypt private data on the public blockchain. The network utilizes off-chain containers, known as 'keeps', to secure this data. The first application built on this network is tBTC, a Bitcoin bridge on Ethereum, which is a Bitcoin-backed ERC-20 token pegged to the price of Bitcoin.

The Creators and Major Contributors

Keep Network was founded in 2017 by Matt Luongo and Corbin Pon, both veterans in the crypto industry. They previously founded the Bitcoin rewards app Fold. The network is supported by a team of over 20 staff members, including engineers with deep experience in discrete mathematics and cryptography, and business leadership from ConsenSys’s founding days.

Token Supply

KEEP is the native work token of the Keep Network. It provides the sybil resistance that allows the Keep network to be censorship resistant and permissionless. The exact supply of KEEP tokens in circulation varies as it can be earned by staking on the network and contributing to the community.

Purchase Locations

KEEP tokens can be purchased on a growing number of exchanges. Some of the platforms where you can acquire KEEP include Uniswap, Matcha, Mooniswap, Curve, and Balancer. You can also earn KEEP by participating in the network's staking program.

Common Uses

KEEP tokens are used to provide the sybil resistance that enables the Keep Network to be censorship resistant and permissionless. The tokens are also used in the network's staking program, where participants can earn more KEEP tokens. The first application built on the Keep Network, tBTC, allows Bitcoin holders to act on the Ethereum blockchain, access the DeFi ecosystem, and earn with their Bitcoin.

Latest News and Developments

Keep Network is constantly evolving and improving. The most significant development in recent times is the launch of tBTC, the first application built on the Keep Network. This application is a Bitcoin bridge on Ethereum, which allows Bitcoin holders to act on the Ethereum blockchain, access the DeFi ecosystem, and earn with their Bitcoin. This development has opened up new possibilities for Bitcoin holders and has significantly increased the utility and value of the Keep Network.

Keep Network's Technological Advancements

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.

Strategic Partnerships and Collaborations

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's Market Expansion

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.

Website Revamp and Community Engagement

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.