Keep Network Price Chart Update [KEEP]

Introduction to Keep Network (KEEP)

Keep Network (KEEP) is a Blockchain project that operates in a similar manner to Protocol, aiming to provide a secure data storage solution for users and applications.

At its core, Keep Network serves as a mediator between public Blockchains and private data, safeguarding the confidentiality and integrity of stored information. It also supports and enhances the functionalities of Smart Contracts, without compromising the transparency and security provided by Blockchain technology.

The Keep Network project incorporates the Random Beacon, a mechanism that randomly selects Signers to prevent any theft or misuse of stored information. Signers have the responsibility of managing BTC deposits and conversions. Further, participants can stake KEEP coins to become Signers and receive service fees for their contributions.

Main Features of Keep Network

One of the key differentiating factors of Keep Network from other Blockchain projects is its focus on developing products that deliver an exceptional user experience.

By establishing a connection between Blockchain and personal data, Keep Network enables Smart Contracts to access private data that can still be exchanged, bought, sold, and transferred on the public Blockchain.

The Keep sMPC system ensures that each individual only has access to a small portion of the data. To obtain or share data access, outputs (data access) are reported and validated by "individuals" (referred to as nodes) to decode the information. This unique approach facilitates the seamless transfer of information within the Blockchain community, eliminating the need for complex hashing algorithms.

While the Keep Network's personal data box operates off-chain, it interacts with on-chain Smart Contracts. This design ensures that data details within the Smart Contract remain private and transparent, empowering applications that require enhanced security measures.

Below are some real-world use cases where the aforementioned methodology has been successfully implemented:

• Decentralized Signing: As a digital notary, Keep Network allows contracts to assert their identity off-chain, without relying on third-party Blockchain confirmations. Integration with PGP, SSH, and TLS tools bridges personal data to the Blockchain.
• Dead Man Switch: This feature enables the disclosure and locking of personal information when necessary. With Keep Network, users can have confidence in the security and reliability of their transactions and investments.
• Custodial Wallets: The Smart Contract capability of Ethereum can be utilized to create personal cryptocurrency wallets for the secure transfer of Bitcoin, LTC, and Dash. Additionally, T-ECDSA reduces the risk of hacker attacks by storing keys on multiple nodes, some of which are offline.
• Encrypted Blockchain Storage: Keep Network provides a bridge to private Blockchain storage, safeguarding the secure storage of private files for Smart Contracts and DAOs. Users can rest assured knowing that their private data, medical records, and personal credit reports are protected from theft or unauthorized access.
• Marketplace for Digital Goods: This feature facilitates the secure sale of goods such as ebooks, videos, MP3s, and more. Users can keep their information private until payment is confirmed, ensuring a seamless and secure transaction experience.

Within the Keep Network ecosystem, "individuals" (acting as nodes) play a significant role in confirming and decrypting private data, ensuring fast and secure transmission.