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Keep Network

Intermediate

Keep Network brings privacy and interoperability to blockchain by allowing private data to be used in decentralised applications. Its core feature, “keep”, is an off-chain container that stores encrypted data. Keep’s main use case is tBTC, a 1:1 Bitcoin-backed token that operates on Ethereum, allowing users to use Bitcoin to access decentralised finance (DeFi) without relying on centralised bridges. The network utilises stakers and slashing mechanisms for decentralisation and security. Keep has merged with NuCypher under the Threshold Network, advancing technologies like proxy re-encryption and threshold signatures. By safeguarding private data and enabling cross-chain activity, Keep Network contributes to the broader DeFi and privacy ecosystem.

Related Words

KYC

Beginner

KYC (Know Your Customer) is a regulatory process of verifying user identity before allowing access to crypto services. It helps prevent fraud, money laundering, and ensures compliance with global financial regulations.

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