[The growth rate of the unpopular currency T coin is okay. What is Threshold? It is the product of the merger of Keep Network and NuCypher. Let’s talk about this coin today]

Launched in January 2022, Threshold (T) is the product of the first on-chain merger between two existing decentralized networks: Keep Network and NuCypher. Threshold was created to guarantee users sovereignty over their digital assets, including simple wallets and cryptocurrencies, but also user data, company information contained in smart contracts and distributed applications (DApps), and non-fungible tokens. coins (NFT) and other digital assets. Furthermore, it was launched to address data and privacy issues, to combat various hacking attacks on the blockchain, and to make the decentralized digital finance industry more mainstream.

How does Threshold work?

Threshold distributes sensitive operations among multiple independent entities (such as nodes in the network), and it only requires Threshold or a minimum number of these entities to cooperate with each other for the operation to be successful. This simple idea improves the security and availability of information systems. It also reduces reliance on trusted parties because no single actor can compromise the system. Even if there are a few malicious actors, as long as a minimum number of participants follow the rules, the system can continue to operate safely and correctly.

For example, with a centralized custodian, all it takes is one person to be a bad actor for user funds to escape. The Threshold cryptographic system prevents this single point of failure.

Threshold Ecosystem

The Threshold ecosystem was created by merging NuCypher and Keep Networks into a distributed network. Threshold provides a set of encryption services for web3 applications through a distributed network of nodes. Services on the network include a proxy re-encryption service for user-controlled secrets management and dynamic access control, and tBTC v2, a distributed and permissionless Bitcoin to Ethereum asset bridge.

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