Glossary

ECDSA

The Elliptic Curve Digital Signature Algorithm (ECDSA) is a cryptographic signature. ECDSA offers a variant of the Digital Signature Algorithm (DSA) which uses elliptic curve cryptography.

KEEP

This is the native token that powers the network and supports all the apps that are built on it. The token is used for staking to run a node.

keep

A keep is a small off-chain container that stores private data.

Play for Keeps (PFK)

Reward program for contributing to the community (see Play for Keeps).

Random Beacon

Random Beacons are at the heart of the network. They randomly select providers to create a new keep.

Ropsten

Etherum testnet selected by the Keep team.

Slashing

A slash is a penalty for signing group misbehavior. It results in the removal of a portion of your delegated KEEP tokens (usually one minimum stake)

sMPC

Secure Multi-Party Computation is a protocol where multiple computers need to complete a secure handshake to access secret data (see Keep Network).

Staking

An amount of KEEP that is bonded in order to run a node and participate the Keep network to earn some fees.

Staking provider

Dedicated organisations which run various token nodes. You can delegate them your KEEP to earn fees (see Staking providers).

Stakedrop

Defined amount of time during which KEEP tokens are distributed for maintaining a node in the network (ECDSA or Random Beacon).

tBTC

The first application built on the Keep Network. This is a tokenised BTC to allow BTC holders to access the Etherum space.

TBTC

An ERC-20 token that acts as a bridge between the Bitcoin and Ethereum blockchains.

Token liquidity

Amount of tokens available to be bought or sold.