The Keep Network is a decentralised software that allows users to store private and personal information on the blockchain without compromising security. The Keep Network uses smart contracts to achieve this. Users can store sensitive information like credit scores, health records, and other financial information on the blockchain for safekeeping with The Keep Network. KEEP coins can be used to navigate the Network efficiently.
Keep works by storing the user’s private information on the outer periphery of the blockchain in “keep containers”, managed by the network. This allows the network to utilise the immutability of the blockchain while staying outside the public domain at all times.
The Keep Network works in an utterly permissionless fashion, becoming one of the only genuinely decentralised networks out there. It solves a fundamental problem in the blockchain space by removing private information from availability to the public.
tBTC, a Bitcoin bridge on Ethereum, is one of the first independent applications built on the Keep Network. It is a project supported by Summa and the Cross-Chain Group. Not only does it allow users to access Ethereum’s DeFi ecosystem seamlessly, but it also enables earnings with Bitcoin.
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Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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