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Author Topic: KEEP NETWORK - A privacy layer for Ethereum  (Read 996 times)
Toltekayotl (OP)
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June 13, 2020, 07:36:59 PM
Last edit: June 14, 2020, 03:49:37 PM by Toltekayotl
 #1



A KEEP is an off-chain container for private data. Keeps help contracts harness the full power of the public blockchain — enabling deep interactivity with private data.





Privacy and scalability are the two biggest hurdles to mainstream adoption of public blockchains. We’re tackling privacy by building a bridge between public blockchains and private data. We use keeps, or small off-chain containers, to secure and store this data. Keeps enables entirely new ways to work with private data.






Decentralized finance (DeFi) is one of the most exciting sectors to watch in 2020. Over the past year the amount of ETH locked in DeFi applications has grown from roughly $300 million to over $1 billion. Major names including Facebook, Walmart and JPMorgan are beginning to enter the market, and opportunities to earn returns on cryptoassets continue to multiply.
But many Bitcoiners are reluctant to get involved in the various DeFi projects being built on chains such as Ethereum. Some are put off by the complex and sometimes alienating technical language and concepts that surround them, which can make altcoins and DeFi seem like a black box.

Keep is one of the three projects contributing to tBTC, which will launch April 27 and allow Bitcoin holders to use Ethereum decentralized finance applications for the first time. Keep, Summa, and Cross-Chain Group are each responsible for at least one of the technical elements of the open-source project, which enables users to earn safely on Ethereum with their Bitcoin. Keep’s specific contribution is the random beacon that selects the signers for deposits of TBTC, which are ERC-20 tokens. tBTC needs a system with its own work token for Sybil resistance. The signers themselves are also selected from among a pool of candidates on the Keep network.

Keep is about privacy

Keep is designed as a privacy solution. Specifically, Keep enables privacy around essential network components. Signing groups can’t operate unless they’re signing from a key that nobody knows; this applies to the random beacon as well. At the core of Keep’s solution is the ability to keep small amounts of data (such as a private key) actually private in order to do things with that data. This is why true randomness is so important in Keep. All parties would have to collude to know what a user is working on, and collusion becomes almost impossible when signer selection is truly random.

Threshold ECDSA “keeps” protect users’ Bitcoin

The distinction between on-chain and off-chain is important here. tBTC is entirely on-chain. But Keep stores private information, such as keys, in off-chain “keeps” that use threshold ECDSA — which is audited and used by top crypto wallets and exchanges including Binance. These “keeps,” which are named after the most secure part of a castle, communicate via the Ethereum chain but exist apart from it. tBTC’s smart contracts interact with the smart contracts on the Keep network, which touch the off-chain keeps.
The concepts Keep employs aren’t new. What’s novel, and special, about the way Keep acts within tBTC is the specific assembly of the concepts. The ideas are put together with smart contracts in a defined and secure way. The design is rooted in an ethos that prioritizes giving the token holder the maximum degree of autonomy. Holders and operators can decide where they want to put their risk and how to manage it, rather than the network deciding for them. All of this is done in a trustless environment.


Use Bitcoin to leverage the power of Ethereum

It’s true that Bitcoin has clear dominance in terms of overall crypto market capitalization, with a combined value greater than that of all other tokens put together. But it’s Ethereum that has managed to attract the largest developer community. Until now this has meant that the largest pool of crypto capital has been effectively cut off from many projects that push the boundaries of what is possible with blockchain and promise to rewrite the way the world looks at finance and other crucial areas.
Now, tBTC combines the stability and liquidity of Bitcoin with the innovations and developer momentum of Ethereum. When the token launches on Ethereum mainnet it will offer people a transparent, decentralized, and safe way to put BTC to work. Users of tBTC will be able to use their Bitcoin to take part in the innovative projects and opportunities being developed by Ethereum’s passionate community.


Follow tBTC

Bitcoin accounts for most of the crypto assets in the world on a value basis, and now there’s a safe, decentralized, transparent way for that BTC to be put to work supporting promising DeFi use cases and other projects on Ethereum. Our team has identified a number of DeFi use cases for tBTC in particular, and will be sharing additional information and announcements soon. As of today, tBTC is live on the Ropsten Ethereum testnet. To learn more about tBTC’s technical design, read the technical spec.





Toltekayotl (OP)
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June 13, 2020, 07:37:59 PM
 #2

Reserved
Toltekayotl (OP)
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June 13, 2020, 08:56:23 PM
 #3

Reserved
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June 13, 2020, 11:00:25 PM
 #4

I stuck in step2

Initiating deposit

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June 13, 2020, 11:18:18 PM
 #5

In short, what is the purpose of your platform? Can you explain to us in layman's terms? What industries will benefit from using your network? Also, what kind of support is contributed to your project by the list of supporters published on your website? Are they going to integrate your system within their network of operations?

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June 13, 2020, 11:19:38 PM
 #6

it stuck in Generating BTC address...
Toltekayotl (OP)
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June 14, 2020, 12:42:36 AM
 #7

In short, what is the purpose of your platform? Can you explain to us in layman's terms? What industries will benefit from using your network? Also, what kind of support is contributed to your project by the list of supporters published on your website? Are they going to integrate your system within their network of operations?



Keep is a Layer 2 privacy layer for Ethereum. It takes pieces of information, breaks it up into chunks, stores these chunks with different node operators, and allows the data owner to put those chunks back together as needed.
For example, a private key can be broken up and stored in pieces, only to be put back together when the data owner needs it for an activity such as sending a transaction or signing a message. A random individual cannot access the data, unless they colluded with others to defraud the network. Even then, the network has established rules that penalize the defrauders, costing them more in ETH than they would gain in BTC.

With Keep, small amounts of sensitive data, such as private keys, can be stored off-chain but used in smart contracts on-chain in a trustless manner. The trustless component is possible due to the development of Keep’s Random Beacon, a source of true randomness that makes collusion virtually impossible.

Keep’s other major innovation is its ability to allow private data, held off-chain but stored online in nodes, to be used extensively on a public blockchain. The containers holding this data (keeps) can be created for a variety of functions such as proxy re-encryption. Keep is well-positioned to address the privacy needs that would enable broader adoption of public blockchains with private data.

Keep is bridging the gap across blockchains by allowing tokens to be moved between protocols. For example, because the Bitcoin blockchain wants to remain simple and secure, it has been difficult for people to use Bitcoin for financial transactions such as collateral for a loan or to interact with DeFi like Ethereum. To address this, Keep has developed a way to securely use Bitcoin on other blockchains (starting with Ethereum) without losing the features of Bitcoin which make it desirable as cryptocurrency.

The first application of Keep is TBTC which mints 1:1 Bitcoin-backed ERC-20 tokens, enabling holders of BTC to securely store their private keys off-chain while using the BTC on Ethereum in DeFi applications.

About the project's supporters. At the conclusion of the agreements signed by SAFT. Therefore, I have nothing to say on this issue. But you can ask this question to the project CEO in discord.
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June 17, 2020, 10:04:30 PM
 #8

An amazing project. I read the description and was interested in the team's activities. Recently, it is hard to see what is worth paying attention to in the cryptocurrency world. I think I will become a participant in this project
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June 28, 2020, 09:33:27 PM
 #9

everyone now can see this keep network at coinmarketcap
https://coinmarketcap.com/currencies/keep-network

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Toltekayotl (OP)
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July 02, 2020, 10:32:11 PM
 #10

Happy to share we're now working with both Anchorage and Coinbase Custody to support $KEEP!

https://twitter.com/CoinbaseCustody/status/1255513439960776711
https://twitter.com/keep_project/status/1276191857446395904

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July 13, 2020, 01:11:15 AM
 #11

The second month of Playing for Keeps has officially concluded, with 2,000,000 KEEP — double last month’s total — awarded to contributors by June’s judge, Spencer Noon of DTC.
In total, over 100 contributors were awarded prizes of at least 5,000 KEEP.

July heats up
Playing for Keeps moves into July with our next judge. Once again this month, prizes up to 200,000 KEEP will be given for the work that adds the most value to the network in the most critical areas.

https://blog.keep.network/with-2-million-keep-awarded-month-two-of-playing-for-keeps-is-in-the-books-69de1b65c6c0
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July 16, 2020, 06:48:35 PM
 #12

How many tokens does the team have in total?
Toltekayotl (OP)
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July 16, 2020, 10:12:09 PM
 #13

How many tokens does the team have in total?

Early team - 10%
Advisors - 5%

All advisors and team members’ token allocations are on 2-year vesting schedules with 2 to 4-year usage restrictions, restricting the sale of their tokens. In addition to legal agreements, all employees’ tokens have been issued via on-chain grants, verifiable via block explorer. The grant structure allows employees to stake as many as 3 months ahead of their tokens that have been unlocked to date.





https://blog.keep.network/transparency-at-keep-c7f4a0be3603
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July 17, 2020, 02:14:19 PM
 #14

The Gitcoin Protect Privacy hackathon recently wrapped up, and we are proud to announce the winners of our bounty! The 50k KEEP winner is tBTC Tornado Cash, adding privacy to BTC using Tornado Cash. Check out their repo for the goods: https://github.com/zyra-zia/tBTC-TornadoCash
We also gave two runner-up prizes of 20k KEEP to two teams:
- tBTC Tornado, which also earned their team 20k KEEP for a Tornado Cash implementation.   https://github.com/tbtctornado
- PrivaSwap, a tBTC and Umbra Protocol mashup that allows users to send BTC using tBTC to a stealth address on Ethereum. https://github.com/CodinMaster/PrivaSwap

We published a new blog post outlining the details of the hackathon winners, you can get the full details here: https://blog.keep.network/announcing-the-winners-of-the-keep-privacy-prize-challenge-b8542816d100
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July 19, 2020, 06:13:38 PM
 #15

Bison Trails’s Viktor Bunin is serving as our judge for month three of Playing for Keeps. As in June, up to 2 million KEEP is up for grabs this month. To help guide contributors, Viktor offers the following suggestions for some of the types of projects that he has an eye out for in July:

  • The Graph subgraphs for interacting with Keep / tBTC / Random Beacon
  • Creating a dockerized (or similar) way to manage Keep nodes, or other infrastructure related contributions
  • Better tooling for active management, whether that is monitoring bots, liquidation bots, or alerting that could be setup, especially custom alerting
  • Slack/Telegram/Discord/etc. bots for network events (e.g., whale tBTC minting) or infrastructure alerts (e.g., notify nodes that they are running low on ETH available for bonding)
  • Documentation!!! Help people learn everything about Keep, tBTC, and the Random Beacon, including how they can interact with them, integrate them, leverage them, and build on them.


https://blog.keep.network/what-viktor-bunin-is-looking-for-in-month-3-of-playing-for-keeps-7cb22393373e
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July 30, 2020, 11:56:24 PM
 #16

Bison Trails’s Viktor Bunin is serving as our judge for month three of Playing for Keeps. As in June, up to 2 million KEEP is up for grabs this month. To help guide contributors, Viktor offers the following suggestions for some of the types of projects that he has an eye out for in July:

  • The Graph subgraphs for interacting with Keep / tBTC / Random Beacon
  • Creating a dockerized (or similar) way to manage Keep nodes, or other infrastructure related contributions
  • Better tooling for active management, whether that is monitoring bots, liquidation bots, or alerting that could be setup, especially custom alerting
  • Slack/Telegram/Discord/etc. bots for network events (e.g., whale tBTC minting) or infrastructure alerts (e.g., notify nodes that they are running low on ETH available for bonding)
  • Documentation!!! Help people learn everything about Keep, tBTC, and the Random Beacon, including how they can interact with them, integrate them, leverage them, and build on them.


https://blog.keep.network/what-viktor-bunin-is-looking-for-in-month-3-of-playing-for-keeps-7cb22393373e

We've extended the July submissions through August 15th. (c) Matt Luongo
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August 05, 2020, 06:38:31 PM
 #17

In case you missed it, we had a bounty in the Festival Hackathon earlier this month. We chose Ple-BTC as the top winner of 75k KEEP, but you can read more about all the projects that came together at our blog:

https://blog.keep.network/75-000-keep-awarded-to-plebtc-in-festival-hackathon-bbbe0300a70d
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August 08, 2020, 09:23:51 PM
 #18

just saw in coinmarketcap biggest gainers list, this keep network price flying more than 50%
but, i can't find any reason, such as a news or big upates in this project, maybe somebody can tell me the reason ?


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August 12, 2020, 01:05:17 AM
 #19

just saw in coinmarketcap biggest gainers list, this keep network price flying more than 50%
but, i can't find any reason, such as a news or big upates in this project, maybe somebody can tell me the reason ?



StakeDrop will be launched very soon (August 17 ??). Also on the updated site there was a mention of Defi.
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September 08, 2020, 10:54:28 PM
 #20

Playing for Keeps Crosses the Halfway Mark with 7M KEEP Awarded in Prizes
4 million KEEP has been awarded in July and August so far as part of Playing for Keeps, which lets people learn to stake and win KEEP tokens by contributing to the community. The latest awards bring the total awarded to 7 million KEEP since the competition began in May.
https://blog.keep.network/playing-for-keeps-crosses-the-halfway-mark-with-7m-keep-awarded-in-prizes-2823e026c275

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FISH token sale at Sovryn
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