Threshold Network (T) offers secure access to encrypted data and interoperability for decentralized applications. More
| Fully Diluted Valuation | $198.39M |
|---|---|
| 24H Trading Volume | $13.39M |
| 24H Low / High | $0.02 / $ 0.02 |
| Circulating Supply | 10.13 B |
| Total Supply | 11.16 B |
| Max Supply | 0.00 |
| Categories | Decentralized Finance (DeFi) 6 more |
|---|---|
| Founder | MacLane Wilkison 1 more |
| Website | blog.threshold.network Whitepaper |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Solscan 5 more |
| Contracts |
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3 more
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| Name | Pair | OG Score |
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Threshold Network: A Decentralized Solution for Privacy and Interoperability
The Threshold Network allows smart contracts to securely access and manage private encrypted data through a network of 'keeps', which act as off-chain storehouses for encrypted data. Nodes in the network can jointly decrypt data or transfer access to other parties when consensus is reached, serving as a bridge between private data and public blockchains.
Empowering Decentralized Applications
The network has the potential to revolutionize decentralized applications (dApps) across various industries, such as medical, insurance, and social media. For example, content creators could utilize the network to sell NFTs that grant automatic access to private content, enhancing user engagement and privacy.
Facilitating Cross-Chain Asset Adoption
In addition to dApps, the Threshold Network is expected to drive the adoption of cross-chain assets, starting with tBTC. The network's capabilities could extend to supporting other cross-chain assets in the future, further enhancing its utility and impact on the blockchain ecosystem.
Historic Merger of Keep Network and NuCypher
The Threshold Network is the result of a historic merger between Keep Network and NuCypher, two leading projects in digital privacy. Keep Network specializes in encrypting and storing private data off-chain, while NuCypher provides privacy tools for managing secrets and processing encrypted data. The merger has led to the creation of a unified network that combines the strengths of both projects.
Robust Security and Privacy Measures
To ensure the security and privacy of its operations, the Threshold Network has undergone rigorous auditing by top firms in the blockchain space. Its cryptographic primitives, including Proxy re-encryption (PRE), Threshold signatures (TSS), Distributed key generation (DKG), and Random beacon (RB), are designed to preserve privacy on the public blockchain while providing secure and decentralized operations.
Decentralized Governance Structure
The Threshold Network operates under a decentralized governance structure, with a StakerDAO holding most decision-making power. A TokenHolderDAO manages treasury, token issuance, and governance changes, while an elected council made up of Keep and NuCypher representatives sets staker rewards and has veto power over proposals. This governance structure ensures that the network remains decentralized and community-driven.
Overall, the Threshold Network represents a significant advancement in blockchain technology, offering a secure, private, and interoperable solution for a wide range of applications. Its unique approach to privacy and decentralization sets it apart in the blockchain landscape, positioning it as a key player in the future of decentralized technology.
The Threshold Network stands out for its innovative approach to digital privacy and interoperability, offering secure access to encrypted data and empowering decentralized applications (dApps) across various industries.
The founders of the Threshold Network are MacLane Wilkison and Michael Egorov, visionaries in the blockchain space who spearheaded the merger of Keep Network and NuCypher to create this groundbreaking project.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Threshold Network (T) is ($10,130,273,407), max supply of Threshold Network T is ($0) and the market cap of Threshold Network T is ($180,161,898).
What is the Threshold Network (T) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Threshold Network (T) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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