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What is Random Beacon (Keep Network)?

Crypto Terms Glossary: What is Random Beacon (Keep Network)?

A Random Beacon is a specialized blockchain-based random number generator used by the Keep Network blockchain protocol to help employ its containerization private data model. The Random Beacon uses threshold signatures with digital signature relays to randomly select groups of KEEP token holders to be network transaction signers. Signers are responsible for creating new bitcoin (BTC) key pairs that are used to create tBTC tokens. Randomness is an integral component in creating secure and hack-resistant technical blockchain architecture.

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