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Keep Network
Blockchain Service

Keep Network

Blockchain Service

A keep is an off-chain container for private data. Keeps allow contracts to manage and use private data without exposing the data to the public blockchain. The native network token, KEEP, will be required for providers to participate.

Token Details
Token Platform:
Ethereum
Coin Details
Ticker:
KEEP
Open Source
Yes
Share This Page

Keep Network has not announced any token sale or airdrop of any kind.

What is the Keep network?

By creating a bridge between the public blockchain and private data, contracts can harness the full power of blockchain technology, without compromising on reliability or transparency. Keep is that privacy layer. We use keeps, or private enclaves, to securely encrypt and store private data. Off-chain keeps will be protected using secure multiparty computation (sMPC), generating, securing, storing, encrypting and transmitting data across many individuals.
Keep provides the first production-ready sMPC system for distribution on the public Ethereum blockchain.
With this system, each individual is given access to a small portion of a secret which is encrypted. To gain or share access to that secret, the outputs are reported back from all the individuals and decrypted to reveal the secret. Keep is Ethereum’s first private computer, able to store and compute data hidden even from itself. This unique approach allows for the safe transfer of information from one party to another on the public blockchain without each individual needing to be online, providing a superior solution to current hash-reveal solutions, private blockchains, and zero-knowledge proofs alone.

What is the Keep Random Beacon?

One of the main components we are building now is the Random Beacon, which ensures the fair way to select providers for a new keep. Unfortunately, Ethereum only supports deterministic functions. Contracts that require a random number often rely on a trusted oracle. A system is only as decentralized as its most centralized component. Relying on a trusted third party for such a core function of the project isn’t an acceptable risk. Instead, we can utilize our keep providers as a decentralized source of entropy. All staked providers can be required to take part in the random number generation process.

What is the utility of the token?

We've been calling it the taxi medallion or "work token" model- it has some similarities to PoS but doesn't power an entire chain. Instead, staking is used to distribute work and as a Sybil-resistance measure. You will need KEEP tokens to stake and to be selected as a provider. Keep providers are similar to a master node provider as each will be staking their KEEP to be selected to compute a function over a secret and publish the secret to the blockchain. The provider that gets randomly selected would get paid in Ether. Providers are chosen via a random number driven by the threshold relay (see section 6.2.3 of our Whitepaper), Stakers (signing group) earn ETH from Random Beacon too. To be chosen to provide a node for a new keep, a provider must lock up a minimum stake in KEEP tokens, using a shared staking contract. We do not have a lockup time.

Matt Luongo
Project Lead
Involved in 1 project
Corbin Pon
Developer & Ops
Involved in 1 project
Antonio Salazar Cardozo
Head of Engineering
Involved in 1 project
Laura Wallendal
Head of Growth
Involved in 1 project
Michael Gluzman
Head of Design
Involved in 1 project
Piotr Dyraga
Tech Lead
Involved in 1 project
Promethea Raschke
Protocol Designer
Involved in 1 project
Prashanth Irudayaraj
Research Manager
Involved in 1 project
Sloan Thompson
Head of DevOps
Involved in 1 project
Nik Grinkevich
Developer
Involved in 1 project
Jakub Nowakowski
Developer
Involved in 1 project
Nicholas Evans
Developer
Involved in 1 project
Dmitry Paremski
Developer
Involved in 1 project
Liam Zebedee
Developer
Involved in 1 project
Erin Ng
Developer
Involved in 1 project
Markus Fix
Developer
Involved in 1 project
Eliza Petrovska
Community and Content Manager
Involved in 1 project
Jarrell James
Ecosystem Growth and Innovation Lead
Involved in 1 project
Olivia Lovenmark
Writer and Communication Strategist
Involved in 1 project
Advisors
Brayton Williams
Involved in 1 project
John Packel
Involved in 1 project
James Prestwich
Involved in 2 projects
Axel Blikstad
Involved in 1 project
Joseph Urgo
Involved in 1 project
Luis Cuende
Involved in 1 project
Source
Rating
FindICO 404
2.4 / 5
1.7 / 5
3.6 / 5
Average
2.9 / 5
Ratings has been aggregated in date 06 November 2019
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Blockchain Service

Keep Network

A keep is an off-chain container for private data. Keeps allow contracts to manage and use private data without exposing the data to the public blockchain. The native network token, KEEP, will be required for providers to participate.

Keep Network has not announced any token sale or airdrop of any kind.

Token Details
Token Platform:
Ethereum
Coin Details
Ticker:
KEEP
Open Source
Yes

What is the Keep network?

By creating a bridge between the public blockchain and private data, contracts can harness the full power of blockchain technology, without compromising on reliability or transparency. Keep is that privacy layer. We use keeps, or private enclaves, to securely encrypt and store private data. Off-chain keeps will be protected using secure multiparty computation (sMPC), generating, securing, storing, encrypting and transmitting data across many individuals.
Keep provides the first production-ready sMPC system for distribution on the public Ethereum blockchain.
With this system, each individual is given access to a small portion of a secret which is encrypted. To gain or share access to that secret, the outputs are reported back from all the individuals and decrypted to reveal the secret. Keep is Ethereum’s first private computer, able to store and compute data hidden even from itself. This unique approach allows for the safe transfer of information from one party to another on the public blockchain without each individual needing to be online, providing a superior solution to current hash-reveal solutions, private blockchains, and zero-knowledge proofs alone.

What is the Keep Random Beacon?

One of the main components we are building now is the Random Beacon, which ensures the fair way to select providers for a new keep. Unfortunately, Ethereum only supports deterministic functions. Contracts that require a random number often rely on a trusted oracle. A system is only as decentralized as its most centralized component. Relying on a trusted third party for such a core function of the project isn’t an acceptable risk. Instead, we can utilize our keep providers as a decentralized source of entropy. All staked providers can be required to take part in the random number generation process.

What is the utility of the token?

We've been calling it the taxi medallion or "work token" model- it has some similarities to PoS but doesn't power an entire chain. Instead, staking is used to distribute work and as a Sybil-resistance measure. You will need KEEP tokens to stake and to be selected as a provider. Keep providers are similar to a master node provider as each will be staking their KEEP to be selected to compute a function over a secret and publish the secret to the blockchain. The provider that gets randomly selected would get paid in Ether. Providers are chosen via a random number driven by the threshold relay (see section 6.2.3 of our Whitepaper), Stakers (signing group) earn ETH from Random Beacon too. To be chosen to provide a node for a new keep, a provider must lock up a minimum stake in KEEP tokens, using a shared staking contract. We do not have a lockup time.

Share This Page
Matt Luongo
Project Lead
Involved in 1 project
Corbin Pon
Developer & Ops
Involved in 1 project
Antonio Salazar Cardozo
Head of Engineering
Involved in 1 project
Laura Wallendal
Head of Growth
Involved in 1 project
Michael Gluzman
Head of Design
Involved in 1 project
Piotr Dyraga
Tech Lead
Involved in 1 project
Promethea Raschke
Protocol Designer
Involved in 1 project
Prashanth Irudayaraj
Research Manager
Involved in 1 project
Sloan Thompson
Head of DevOps
Involved in 1 project
Nik Grinkevich
Developer
Involved in 1 project
Jakub Nowakowski
Developer
Involved in 1 project
Nicholas Evans
Developer
Involved in 1 project
Dmitry Paremski
Developer
Involved in 1 project
Liam Zebedee
Developer
Involved in 1 project
Erin Ng
Developer
Involved in 1 project
Markus Fix
Developer
Involved in 1 project
Eliza Petrovska
Community and Content Manager
Involved in 1 project
Jarrell James
Ecosystem Growth and Innovation Lead
Involved in 1 project
Olivia Lovenmark
Writer and Communication Strategist
Involved in 1 project
Advisors
Brayton Williams
Involved in 1 project
John Packel
Involved in 1 project
James Prestwich
Involved in 2 projects
Axel Blikstad
Involved in 1 project
Joseph Urgo
Involved in 1 project
Luis Cuende
Involved in 1 project
 Select Source
Source
Rating
FindICO 404
2.4 / 5
1.7 / 5
3.6 / 5
Average
2.9 / 5
Ratings aggregated in date 06 November 2019
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