Binance.US lists T.
- Trade Threshold Network (T) on the T/USD and T/USDT pairs.
- Buy Threshold Network (T) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
- Deposits and withdrawals are now open for T.
Note: This article was last updated on June 22, 2022. Deposits for T first opened on June 21, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
What is Threshold Network (T)?
The Threshold Network is an ecosystem that offers a suite of threshold cryptography services for use in decentralized applications. It launched in January 2022 through a merger of Keep Network - which provides an off-chain solution for storing private data - and NuCypher - which provides privacy tools for secrets management and dynamic access control. Together, Keep Network and NuCypher sought to integrate their services under the Threshold Network.
Threshold cryptography protects information by encrypting and distributing it among multiple computers and requiring a minimum number or threshold of computers to cooperate in order to decrypt the information or sign a message. The Threshold Network can be used to enable use cases such as private data sharing between blockchains.
T is the Threshold Network token and is used for utility and governance purposes in the ecosystem.
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