| Stat | Value |
|---|---|
| Ticker | T |
| Price | $0.01 |
| Market Cap | $70.74M |
| 24h Change | +3.7% |
| Circulating Supply | 11.15B T |
| Max Supply | 10.00B T |
| All-Time High | $0.23 |
| Contract (Ethereum) | 0xcdf7...bee5 |
| Contract (Base) | 0x26f3...2e29 |
| Contract (Optimistic Ethereum) | 0x747e...4ea7 |
| Contract (Solana) | 4Njvi3...7xXC |
What Is Threshold Network?
Threshold Network is a decentralized threshold cryptography network formed by the merger of NuCypher and Keep Network in January 2022. It provides two core services: tBTC (a decentralized Bitcoin bridge to Ethereum) and proxy re-encryption for privacy-preserving data sharing.
How the Merger Worked
Both NuCypher (NU) and Keep (KEEP) token holders voted to merge their networks into Threshold. Legacy NU and KEEP tokens can be wrapped or upgraded to T at fixed ratios. The merged network inherits the technology and staker base of both predecessors, resulting in one of the largest decentralized staker networks on Ethereum.
T Token Utility
- Governance: T holders vote on protocol upgrades, parameter changes, and treasury allocation via the Threshold DAO
- Staking: Operators stake T to earn the right to participate in threshold cryptography operations (tBTC signers, proxy re-encryption nodes)
- Slashing: Malicious or unavailable operators risk having their staked T slashed
Threshold Cryptography
The network uses threshold signature schemes (TSS) and Distributed Key Generation (DKG) to ensure no single party ever holds a complete private key. A threshold number of operators must cooperate to sign a transaction, making collusion or single-point compromise extremely difficult.
Key Products
- tBTC v2: Trust-minimized Bitcoin bridge with randomly rotated signer groups
- TACo (Threshold Access Control): End-to-end encrypted data sharing using proxy re-encryption for Web3 apps