$T
The T coin, also known as Threshold, is a cryptocurrency that powers the Threshold network, a decentralized platform that offers advanced cryptographic services and decentralized finance (DeFi) solutions. Here are some key details about the T coin:
*Current Price and Market Cap*
- Current price: $0.01709
- Market capitalization: $173.18 million
- 24-hour trading volume: $7.12 million
*Key Features*
- *Decentralized Governance*: The Threshold network is governed by a decentralized community of T token holders and their delegates who collectively vote to decide the network's direction.
- *Cryptographic Primitives*: Threshold offers a suite of cryptographic primitives, including proxy re-encryption, threshold signatures, distributed key generation, and random beacons, which enable secure and private data sharing and key management.
- *tBTC*: Threshold's flagship application, tBTC, is a tokenized version of Bitcoin that operates without a custodian, allowing Bitcoin holders to participate in DeFi applications without compromising on privacy or facing censorship risks.
*Use Cases*
- *Cross-Chain Interoperability*: Threshold enables seamless interactions and transactions between different blockchain systems, making it a crucial infrastructure component for the development of decentralized applications (dApps).
- *Decentralized Finance (DeFi)*: T coin holders can participate in DeFi applications, such as lending and borrowing, using Threshold's cryptographic services.
- *Node Staking*: T coin holders can stake nodes, which provide security and facilitate cryptographic services, earning fees in the process ¹ ².