KEEP

Overview of KEEP

KEEP Network is a privacy layer for Ethereum, allowing users to utilize secure multiparty computation (sMPC). KEEP token, the native cryptocurrency of the network, is instrumental in maintaining the operation of this decentralized network. Founded in 2017 by Matt Luongo and Corbin Pon, the network leverages KEEP to facilitate various private, on-chain activities. KEEP tokens are traded on multiple exchanges including Binance, Kraken, Uniswap (V2), and Huobi Global. Token holders can store their KEEP in several types of wallets, with popular options including Metamask, Ledger, and Trezor.

Pros and Cons

Pros:

1. Privacy layer for Ethereum: KEEP Network adds a privacy layer to the Ethereum blockchain. This function can be beneficial to users who prioritize maintaining their privacy while performing transactions on Ethereum.

2. Supports secure multiparty computation (sMPC): The ability to conduct sMPC provides an additional security mechanism for users. With the help of this computation, parties can jointly compute a function over their inputs while keeping them private.

3. Traded on multiple reputable exchanges: KEEP tokens are listed on several reputable cryptocurrency exchanges like Binance, Kraken, Uniswap (V2), and Huobi Global. The availability on various exchanges enhances the liquidity and accessibility of the token.

4. Various storage options available: KEEP tokens can be stored in various crypto wallets including Metamask, Ledger, and Trezor. The diversity of storage options gives users more control and flexibility in managing their tokens.

Cons:

1. Relatively young platform: Since the KEEP Network was only established in 2017, it may face the typical challenges of a relatively new platform including stability issues, limited user base, and potential undiscovered bugs.

2. Limited project maturity: The continuation and success of the KEEP token heavily rely on the development and maturity of its projects. As the platform and its projects are still in a developing stage, users should carefully consider this factor.

3. Dependent on the wider Ethereum ecosystem: The KEEP Network relies heavily on the Ethereum platform. This dependency means that any issues or changes in the Ethereum ecosystem could significantly impact the network.

4. Market volatility of cryptocurrency: As with all cryptocurrencies, KEEP tokens are subject to market volatility. Cryptocurrency prices can vary widely in a very short time period, leading to potential rapid gains or losses. As such, investing in cryptocurrencies, including KEEP, should be approached with caution.

What Make KEEP Unique？

KEEP Network brings a unique and innovative approach to privacy on the Ethereum blockchain. Its main innovation lies in providing a privacy layer for Ethereum using secure multiparty computation (sMPC). This innovation sets the KEEP Network apart from many other cryptocurrencies which do not offer a similar privacy solution.

The use of sMPC ensures that participants can jointly compute a function can be carried out over their inputs while keeping them private. In the context of blockchain technology, this functionality can add a significant layer of privacy and security to various on-chain activities.

Another distinctive feature of the KEEP Network is the KEEP token itself. The token serves as the work token in the network, encouraging participation in the system and ensuring the smooth running of operations in the decentralized network.

However, it's important to note that while these attributes make KEEP stand out, they also tie its fate closely with the Ethereum ecosystem. As a blockchain built on top of Ethereum, any changes or instability in the Ethereum ecosystem could significantly impact the KEEP Network.

Also, despite the innovative approach, the KEEP Network is still relatively young with projects that are in the developing stage. As such, it still faces numerous challenges and risks common among young platforms and cryptocurrencies.

How Does KEEP Work？

KEEP Network operates on a method different from conventional cryptocurrency mining. Instead of relying on a typical Proof of Work (PoW) or Proof of Stake (PoS) system like Bitcoin or Ethereum, the KEEP crypto ecosystem uses a staking model.

In the KEEP Network, token holders can engage in staking, where they lock up a portion of their tokens to participate in the network. The tokens act as a form of collateral and are used to incentivize honest behavior within the network. Participants who act in the network's best interest are rewarded with more tokens, while those who behave maliciously may lose their staked tokens.

The system leverages Keep Random Beacon, a form of Threshold Relay involving groups of signers that generate random numbers. This system ensures a fair and transparent selection process and operational environment for those who participate in the network.

Mention of specific mining software or equipment is not applicable to the KEEP network due to its model. Without the need for high computational power, the Keep network is more energy-efficient compared to networks operating on PoW like Bitcoin.

It is critical to understand that as KEEP operates on the Ethereum platform, its transaction processing speed and transaction costs are influenced by the Ethereum network's conditions. Ethereum generally has faster processing than Bitcoin, but network congestion might prolong processing times occasionally.

In light of these characteristics, the KEEP Network bears a different working principle and operational techniques compared to traditional cryptocurrencies such as Bitcoin and Ethereum. Rather than mining, the emphasis is on staking and operating within an ecosystem integrated for privacy, thus making direct comparisons in terms of mining speed, mining software, and equipment somewhat irrelevant.

Circulation of KEEP

KEEP is a relatively new cryptocurrency, and its price has fluctuated wildly over the past year. This volatility is due to a number of factors, including:

• Limited supply: KEEP has a maximum supply of 100 million coins, which is fixed and cannot be changed. This means that as demand for KEEP increases, its price is likely to rise.

• Speculative trading: KEEP is a popular speculative investment, which means that many people buy and sell it in the hope of making a profit. This speculative trading can lead to sharp price swings in both directions.

• Regulatory uncertainty: KEEP is still a relatively new asset class, and its regulation is still evolving. This uncertainty can lead to volatility as investors try to assess the risks and rewards of investing in KEEP.

Besides, there is no mining cap on KEEP. KEEP is a proof-of-stake cryptocurrency, which means that new KEEP coins are minted when users stake their existing KEEP coins. The amount of new KEEP coins that are minted each day is gradually reduced over time, but there is no fixed limit on the total number of KEEP coins that can be minted.

The total circulating supply of KEEP as of September 14, 2023 is 36.5 million coins. This means that there are still 63.5 million KEEP coins that have yet to be minted.

The price of KEEP has fluctuated wildly over the past year, ranging from a low of around $0.10 to a high of over $5.00. This volatility is likely to continue in the future, as KEEP is still a relatively new and speculative asset.

Exchanges to Buy KEEP

KEEP tokens are supported by multiple exchanges, which indicate a wide accessibility for potential buyers.

The first exchange is Binance, one of the most prominent and largest cryptocurrency exchanges globally. It offers a broad range of cryptocurrency trading pairs, with advanced trading features and secure platform.

Secondly, Kraken, another well-known cryptocurrency exchange, also supports the buying and selling of KEEP tokens. Kraken is known for its robust security measures and user-friendly interfaces.

Uniswap (V2) is a decentralized exchange operating on the Ethereum blockchain. As a decentralized service, Uniswap offers a different trading experience compared to the traditional cryptocurrency exchanges. It supports the trading of KEEP tokens.

Lastly, Huobi Global, a comprehensive digital asset trading platform known for its wide variety of cryptocurrency offerings, also supports trading with the KEEP token.

Before proceeding on these exchanges, users are advised to do their due diligence and make sure they comply with the exchanges rules and regulations.

How to Store KEEP？

KEEP tokens can be stored in various types of cryptocurrency wallets, both hardware and software, each offering different levels of security and convenience.

One popular option for storing KEEP tokens is Metamask, a browser extension wallet for Ethereum-based tokens. It's known for its simplicity and convenience, allowing users to send, receive, and manage their tokens directly from their web browser.

For enhanced security, hardware wallet options like Ledger and Trezor can be used. Hardware wallets are physical devices that store your private keys offline, which provides a high level of security against digital threats.

Ledger is a well-known hardware wallet that supports a wide range of cryptocurrencies including the KEEP tokens. It's renowned for its top-notch security features and intuitive interface.

Trezor is another reputable hardware wallet compatible with KEEP. Like the Ledger, Trezor stores your crypto assets offline and allows you to manage your tokens securely.

Regardless of the chosen wallet, it's always crucial for users to follow secure practices such as keeping their private keys confidential, double-checking transaction details, and regularly updating their wallet software.

Should You Buy KEEP？

The suitability to buy KEEP, or any cryptocurrency, can depend on several factors:

1. Risk Tolerance: KEEP, like all cryptocurrencies, is subject to market volatility. Those who have high-risk tolerance and can absorb potential losses might find it suitable.

2. Blockchain Interest: Individuals interested in blockchain projects, particularly those focusing on privacy enhancements and the Ethereum ecosystem, might consider buying KEEP due to its underlying technology.

3. Technical Understanding: Knowledge of how staking, secure multiparty computation (sMPC), and Ethereum-based tokens work would be beneficial for potential KEEP buyers.

Advice for potential buyers:

1. Conduct thorough research: Before investing, conduct research on the KEEP network, read white papers, understand how its secure multiparty computation works, and assess their project roadmap for future developments.

2. Consider market volatility: The volatile nature of cryptocurrencies means that they can rapidly increase or decrease in value. It's crucial to only invest what you are prepared to potentially lose.

3. Keep track of developments in Ethereum: As the KEEP network is built upon the Ethereum blockchain, changes or developments within the Ethereum ecosystem may impact the operation of KEEP.

4. Secure storage: Use trusted wallets to store your KEEP tokens. Hardware wallets are encouraged for heightened security.

5. Stay updated with reputable news sources: This can help you to understand the market trends and make an informed decision about when to buy or sell.

All investment decisions should be made after careful consideration and, if needed, consultation with a financial advisor.

Conclusion

KEEP Network is a privacy layer for Ethereum, founded in 2017, offering users privacy features through the use of secure multiparty computation (sMPC). Its native token, KEEP, is critical in maintaining the operation of this decentralized network.

While the KEEP Network brings an innovative approach to privacy for Ethereum with its unique features, it also faces challenges related to its relative newness and heavy reliance on the Ethereum platform. Despite these concerns, the project holds potential in the cryptocurrency space, given its focus on privacy - a quality that is increasingly in demand.

Like any other cryptocurrency, the value of KEEP can be volatile and subject to market fluctuations. While it can potentially make money and appreciate over time under the right conditions, it is also susceptible to downturns, like all cryptocurrencies. Therefore, it should not be treated as a guaranteed profit-making investment.

Potential investors should thoroughly research, stay updated on market trends, and consider their risk tolerance level before moving forward with any investment in KEEP or other cryptocurrencies. Always remember to store tokens in secure and trusted wallets for safety. Investing involves risks, and decisions should be made thoughtfully and, where appropriate, with the assistance of a financial advisor.

FAQs

Q: Who are the primary people responsible for founding the KEEP Network？

A: The KEEP Network was initiated by Matt Luongo and Corbin Pon.

Q: What wallets support KEEP tokens？

A: KEEP tokens can be stored in various wallets such as Metamask, Ledger, and Trezor.

Q: What exchanges allow for the trading of the KEEP token？

A: Binance, Kraken, Uniswap (V2), and Huobi Global all support the trading of KEEP tokens.

Q: What is the fundamental innovation that sets KEEP apart from other cryptocurrencies？

A: KEEP Network is distinct for its application of secure multiparty computation (sMPC), providing a privacy layer for Ethereum.

Q: Which mining methods does KEEP Network use？

A: Instead of conventional mining, KEEP Network allows token holders to participate in staking.

Q: How does the price of KEEP respond to market changes？

A: The price of KEEP, like all cryptocurrencies, is generally subject to market volatility.

Risk Warnning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.