Keep Network
Crypto Overview
Purpose and Utility
Keep Network is a privacy-focused protocol designed to enable private data storage and computation on public blockchains. Its main utility is providing secure, off-chain containers called 'keeps' that store and compute private data. The KEEP token is used for staking by node operators, governance, and fee payments within the network.
Business Model Analysis
The business model centers around providing privacy infrastructure for blockchain applications, particularly through tBTC, a trustless Bitcoin-to-Ethereum bridge. Node operators stake KEEP tokens to run keeps and earn rewards for providing these services. This model appears transparent and doesn't involve any inherently prohibited activities.
Real-World Adoption
Keep Network has achieved notable adoption through its tBTC implementation, which allows Bitcoin holders to use their assets on Ethereum's DeFi ecosystem. The network has secured millions in Bitcoin through its tBTC system, demonstrating practical utility. The merger with NuCypher to form the Threshold Network has further expanded its ecosystem.
Development Activity
The project maintains active development, with regular updates to its core infrastructure. The transition to Threshold Network has brought new developments and improvements to the protocol's privacy features and Bitcoin-Ethereum bridge capabilities.
Token Distribution
The token distribution includes allocations to team members and investors with standard vesting periods. While early investors and team members received significant allocations, the vesting schedules appear designed to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Keep Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Keep Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.