Keep Token (KEEP)… What is it? We’re happy to share this LATOKEN review. It can be called a special one as we want to talk about confidentiality when dealing with crypto.
The level of confidentiality is the missing link in the blockchain industry that is sorely lacking for the development of many decentralized applications.
Data confidentiality is necessary for companies’ work and crypto market participants who do not want to carry out public transactions. The Keep Network protocol was created to solve such privacy issues.
What is Keep Network? How does this project work? Should you buy KEEP tokens? Let’s try to sort out all these questions in our LATOKEN review.
What is Keep Network and Keep Token? LATOKEN review
Keep Network (KEEP) is an Ethereum-based protocol for privately storing data offline. It represents a kind of bridge between the public blockchain and private data stored off-chain. The main developers of a KEEP token are Matt Luongo and Corbin Pon.
The team set out to create a scalable privacy layer. To do this, it released a new type of smart contract that stores personal data in an off-chain container called “Keep.” With its help, applications can interact with personal or confidential data without revealing their full content.
The Keep protocol uses four privacy technologies: Zero-Knowledge Proofs, sMPC, homomorphic encryption, and secure hardware. The Keep system can publish personal data on the network, which will be encrypted with the public keys of a particular user.
The developers assure that it is precisely such a combination of privacy technologies that can create the most decentralized environment for processing personal data.
What is a KEEP token?
Keep Network has a native KEEP token of the same name, used to support applications and staking. Node operators are staking KEEP to ensure security and receive dividends for processing transactions, just like in other blockchains.
The KEEP token is also listed on the LATOKEN exchange, so you can follow the link below if you want to start trading it!
However, when trading this or that token, you should always do your research, go slow, and never forget that there is always a risk of becoming a victim of a crypto scam. But LATOKEN is an international cryptocurrency exchange and IEO platform with over 1.3 million users worldwide, so you may feel safe and don’t think about any LATOKEN scam.
KEEP token — Let’s summarize
Many believe the DeFi boom is over for now. As with other tokens, the purchase of KEEP may lead to financial losses. LATOKEN is a crypto exchange, and it cannot make any trading recommendations.
If you want to learn more about the potentially promising tokens through LATOKEN Review, crypto news, and tips on avoiding becoming a victim of a cryptocurrency scam, follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.