Keep Network (KEEP)is a privacy layer for public blockchains that allows users and decentralized applications to store data securely and privately.
The emerging altcoin is currently in the process of merging with a different crypto network to become an entirely new project. The privacy-focused cryptocurrency has increased by more than 41 percent from where it was priced seven days ago to $ 0.66 after this development. The cryptocurrency, which later lost some of its gains, is trading at $0.65 at the time of writing.
KEEP is a platform that provides cryptographic services such as access control and data privacy. NuCypher (NU) It has undergone a decentralized on-chain network upgrade along with Two networks, launched in early 2022 Thresholdmerged to form .
Doug von Kohorn, Keep Network’s product manager, explained the merger:
“For the past few months, the Keep and NuCypher teams have been working hard on a first-ever on-chain merger between two decentralized networks with a common goal. Both projects focused on guaranteeing user sovereignty on the public blockchain using threshold cryptography.
Now as Threshold, Keep’s infrastructure and NuCypher’s privacy tools will provide users with an integrated way to keep their digital assets private and secure.”
NU and KEEP holders can redeem their tokens at approximately 1 NU = 3.26 T and 1 KEEP = 4.78 T Threshold Network Token (T) they can replace it with.
Global crypto exchange Binance also announced this week that it plans to support the merger.
“Binance will wholeheartedly support the merger of NuCypher and the Keep Project on Threshold.
If you have KEEP or NU on Binance, they will be automatically upgraded to T one week from today.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.