KEEPUSDT
Keep Network / Tether USD
crypto

The Keep Network is a privacy layer for blockchains that allows users and applications to store data privately. It features off-chain containers for private data called keeps. The network randomly assigns keeps to a system of participants, called signers, that help store and manage these data containers. Keep's core application, the Random Beacon, provides this source of randomness and aims to ensure an individual signer cannot decode the information stored in the network. Each participant stakes KEEP tokens to act as a signer in exchange for a service fee. The Keep network is a tool for utilizing off-chain private data, using keeps as an off-chain data storage container. Keeps help smart contracts to connect with and use private data. Keeps provide a bridge between the world of public blockchains and private data. Keep's protocol-specific token (KEEP) powers the network and supports all the apps built on it. KEEP is required in order for someone to become a member of the Keep network; members are eligible to earn rewards by performing work on the platform. This work is the computation and availability required to select and pull the network's off-chain "keeps" together and to read the associated data. Members are randomly selected to coordinate a distributed key generation protocol that results in a public ECDSA key for the group, which is used to produce a wallet address that is then published to the host chain. This mechanism is the key to signing functions in the tBTC system, allowing for obscured BTC private keys within a keep, which is only accessible through a Keep threshold signature. tBTC (a trustless BTC to Ethereum bridge) is the first app built on the Keep network, though Keep is designed to support other applications. Keep members that hold KEEP must "approve" any app on the network in order to be considered for work within that app. KEEP is a work token — holding it confers the right to perform key functions on the network. Token holders must delegate a minimum amount of KEEP as collateral in order to be eligible. Work opportunities are awarded randomly, but over time, the amount of work a delegator is chosen for will be proportional to the amount of KEEP delegated.