Threshold offers a solution to the privacy vs usability dilemma in the digital age through threshold cryptography. The project operates on the blockchain and provides services such as proxy re-encryption and a bridge between Bitcoin and Ethereum.
MoreThreshold utilizes threshold cryptography, distributing sensitive data operations across multiple independent nodes. For a successful operation, a minimum number of these nodes need to cooperate, ensuring the system remains secure and reliable even if some participants are malicious.
MoreIt is possible to buy Threshold (T) on various cryptocurrency exchanges, including Coinmerce. Select the coin, choose your payment method, and receive the Threshold (T) tokens in your wallet.
MoreTo buy Threshold (T) on Coinmerce, follow these steps. Create an account on Coinmerce and verify your identity. Once your account is verified, you can deposit funds into your account. Go to the "Coins" section on the website and search for Threshold (T). Click on the coin and indicate how much Euro you want to invest in Threshold (T). Click "Buy" to complete the transaction. You will now receive the purchased Threshold (T) tokens in your wallet.
Both privacy and usability play crucial roles in our modern digital lives. Many applications and services require personal data in exchange for convenience. Most people are willing to give up their personal data for this convenience, even when it may not be necessary. This is where Threshold comes in. The project aims to eliminate the need for users to sacrifice their personal data for usability. By leveraging threshold cryptography, Threshold secures user data, enabling more possibilities without relying on centralized authorities. Users no longer need to trust these central authorities. Threshold is the result of a merger between NuCypher and Keep Networks, delivering a range of cryptographic services for Web3 applications through the blockchain. These services include a proxy re-encryption service and tBTC v2. The latter is a bridge between Bitcoin and Ethereum, allowing users and developers to move assets between these two networks, enhancing interoperability between the blockchains.