1. Brief Introduction
Threshold empowers user sovereignty by delivering a suite of threshold cryptography services for web3 applications through a decentralized network of nodes.
2. Detailed Introduction
The Threshold ecosystem was created from the merger of NuCypher and Keep Networks into a single decentralized network. Threshold delivers a suite of threshold cryptography services for web3 applications through a decentralized network of nodes. Services on the Threshold Network include a proxy re-encryption service for user-controlled secrets management and dynamic access control, and tBTC v2, a decentralized and permissionless Bitcoin-to-Ethereum asset bridge.
3. Background on threshold crypto
Threshold cryptography distributes sensitive operations across multiple independent entities – like nodes in a network. For an operation to be successful, it needs a threshold or a minimum number of these entities to cooperate with each other. This simple idea increases an information system’s security and availability. It also reduces the reliance on trusted parties since no single actor can corrupt the system. Even if there are a few malicious individuals, the system will continue to function safely and correctly as long as a minimum number of participants follow the rules.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
Find us on
Huobi reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.