Threshold (T) is the result of the on-chain merger of decentralized networks Keep Network and NuCypher. In its most basic form, Threshold is a way to keep your information and digital assets private when using the blockchain. The Threshold network is designed to allow smart contracts to access and process encrypted, confidential data.
What Exactly Is The Token Project?
Keep Network and NuCypher are companies that use Threshold cryptography to protect user privacy on a public blockchain. Using Keep Network’s architecture and NuCypher’s privacy features, Threshold (T-Token) Network integrates these two efforts and allows users to keep their digital assets private and secure.
Threshold (T) Network leverages NuCypher’s well-known data security technologies and Keep Network’s technological backbone. These solutions enable management of sensitive data across multiple environments, granting and revoking access to sensitive data, and processing encrypted data without decryption. NuCypher’s Proxy Re-encryption Tools are also available on the Threshold network. These programs are responsible for granting decryption privileges.
Confidentiality In The Threshold Project
Threshold(T) was created as a solution that increases user freedom by providing all the features that only two existing privacy-focused networks can provide. The Threshold network is expected to spawn a new generation of decentralized applications in various fields, including medical applications and social media.
Who Developed Threshold?
Keep Network and NuCypher developed the Threshold (T) network. In other words, Keep developer Matt Luongo and NuCypher founders MacLane Wilkinson and Michael Egorov are the creators of Threshold Network. The merger plan was proposed in February 2021 and approved by the communities and token holders of both platforms in June 2021.
Information About T-Token
T-Token is the native cryptocurrency of the Threshold (T) Network. T-Tokens can be used to create network nodes and can be locked into pools of capital to earn money. T-Token holders also have voting rights in the management of the network. In other words, T-Token holders can participate in elections that affect the future of the Threshold network through Threshold’s DAO. T-Token, the service and governance token of the Threshold network, was launched in early 2022. There are 10 billion T-Tokens in circulation.
What Makes The Threshold (T) Project Unique?
Threshold (T) is a value chain consisting of two decentralized networks (Keep and NuCypher). In addition, Threshold is a community-driven network. Threshold uses DAO to involve the community in the decision-making process of the network. The Keep and NuCypher communities supported the merger that created the Threshold network in 2021.
Another distinguishing feature of the Threshold project is the following: The tBTC bridge, which connects the Bitcoin (BTC) cryptocurrency to the Ethereum (ETH) environment, is the core product of the Threshold network. However, it requires at least a thousand nodes to function properly. NuCypher specializes in threshold cryptography and has a large network of nodes. Combining the resources of these two companies will result in a stronger network and a larger market share.
