Threshold

The Threshold Network is a decentralized platform that emerged from the merger of the Keep Network and NuCypher, combining their strengths to provide advanced cryptographic services and decentralized finance (DeFi) solutions. This merger, completed on January 1, 2022, introduced the T token, which serves a dual purpose as both a utility and governance token within the network. The T token is essential for staking within the Threshold Network, enabling node operators to earn fees by supporting various applications that rely on the network's cryptographic primitives. These primitives include proxy re-encryption, threshold signatures, distributed key generation, and a random beacon. These technologies play a crucial role in ensuring privacy, secure access controls, and facilitating cross-chain interactions, expanding the capabilities of the DeFi ecosystem.