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Threshold
A network that emerged as a result of an on-chain merger between two decentralized networks, carried out by Keep Network and NuCypher. Threshold, in its simplest definition, is a way to keep your information and digital assets private while using the blockchain. The purpose of the Threshold network is to allow smart contracts to access and manage private encrypted data
tBTC is one of Threshold’s most important products. It is a decentralized bridge solution that brings Bitcoin to the Ethereum network. tBTC allows users to use their Bitcoin on the Ethereum network, so Bitcoin holders can benefit from the DeFi (Decentralized Finance) ecosystem. The most important feature of tBTC is that it is completely decentralized and allows users to retain control of their private keys. This eliminates the security risks of centralized bridge solutions
Entrepreneurs can also develop decentralized applications (dApps) through the Threshold Network, which is described as a “privacy layer for public blockchains.” In addition, this project has a DAO system. Threshold DAO is a decentralized autonomous organization that allows the user community to take part in the management of the Threshold Network and allows processes to proceed democratically.
The Threshold network uses the Proof of Stake (PoS) consensus mechanism. The PoS mechanism ensures the security of the network with the risk of “slashing” of the staked tokens, multi-signature wallets and threshold encryption techniques.
Users who act as validator nodes by staking T tokens are rewarded for their efforts.
Users who participate in the liquidity pool earn rewards.
Market Value 221.24 m usd
Circulating Supply 9.96 B T
Total Supply 11.04 B
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