A brief introduction to the Keep Network project
Crypto enthusiasts I tell you good morning and have a good day. I found for you the most juicy project of the year-Keep Network
The Keep network token, KEEP, supports all applications that are built on it and will be built in the future. KEEP is required so that everyone can become a member of the Keep network. Participants have the right to receive remuneration by performing work. This “work” represents not only the calculations, but also the availability required to select and combine keep containers and to read the corresponding data. Participants are randomly selected for the distributed key generation Protocol, which results in obtaining the ECDSA public key. This received key is used to create a wallet address, which is then used in the chain.
KEEP is a key incentive that encourages constructive behavior, promotes efficiency and trust, and promotes the adoption and growth of the Keep network.
Another big advantage of the project is that the possession of the KEEP token gives the right to perform key functions in the network. Token holders must delegate a certain minimum amount of KEEP as collateral in order to be able to use them. The “work " performed is distributed randomly, but over time the amount of work will be proportional to the amount of delegated KEEP.
In other words this project
it is a bridge between the public blockchain and the private data stored off-chain. The main developers of KEEP are Matt Luongo and Corbin Pon. And strategic investors are such not unknown persons as Andreesen Horowitz, Polychain Capital, Tim Draper.
The Keep Protocol uses four privacy technologies: Zero-Knowledge Proofs, sMPC, homomorphic encryption, and secure hardware. The Keep system can publish personal data on the network, which will be encrypted with the public keys of a particular user.
Since the project is implemented in the Etherium network, you can keep the token in a well-known wallet.
Well, let's wait and see the development of this project, since it is too early to draw conclusions, the project is at the stage of its development.
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