Threshold

24H 7D 1M 1Y 5Y

Market cap

Volume (24h)

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Circulating supply

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#181

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etherscan.io app.nansen.ai www.oklink.com

Information about "Threshold"

What Exactly is the Threshold Network?

The Threshold network is responsible for supplying and sustaining a variety of cryptographic tools for numerous decentralized applications. This network emerged from the merging of the Keep Network and NuCypher protocols, a process that culminated on January 1, 2022, with the introduction of the T token.

What is the T Token?

The T token serves a dual purpose: it functions as a utility token within the Threshold Network and acts as a governance token for the Threshold DAO.

How is the T Token Utilized?

Primarily, the T token is used for staking a node. Those who operate nodes earn fees from different applications that depend on the Threshold network’s cryptographic capabilities. Additionally, the T token plays a role in governance, and holders can lock it within coverage pools to gain returns in exchange for assuming collateral risk in the network.

What Are the Cryptographic Primitives and How Are They Used in Threshold?

Threshold offers a collection of cryptographic components tailored for privacy, access controls, and cross-chain connectivity, such as:
* Proxy re-encryption (PRE) (https://en.wikipedia.org/wiki/Proxy_re-encryption)
* Threshold signatures (TSS) (https://academy.binance.com/en/articles/threshold-signatures-explained)
* Distributed key generation (DKG) (https://en.wikipedia.org/wiki/Distributed_key_generation)
* Random beacon (RB) (https://blog.keep.network/whats-in-a-beacon-12c34b0bc078)

Can You Explain tBTC?

tBTC is the primary application of Threshold. It represents tokenized Bitcoin that is fully permissionless, meaning there is no need for a custodian. This feature enables users to convert their Bitcoin into a token and leverage it in DeFi applications without compromising privacy or facing censorship threats.

"Threshold" price data

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