The Threshold network is a suite of cryptographic primitives for several dApps. It is the result of the protocol merger between the Keep Network and NuCypher, which was finalized on January 1, 2022, with the launch of the T token.

The T token serves as both a utility token for the Threshold Network and a governance token for the Threshold DAO.

The primary use of the T token is staking a node. Node operators receive fees from various applications that rely on the Threshold network's cryptographic primitives. Additionally, the T token functions as a governance token, allowing users to lock it in coverage pools to earn yield by underwriting collateral risk in the network.

Threshold provides a suite of cryptographic building blocks for privacy, access controls, and cross-chain bridges, including:

• Proxy re-encryption (PRE) - https://en.wikipedia.org/wiki/Proxy_re-encryption
• Threshold signatures (TSS) - https://academy.binance.com/en/articles/threshold-signatures-explained
• Distributed key generation (DKG) - https://en.wikipedia.org/wiki/Distributed_key_generation
• Random beacon (RB) - https://blog.keep.network/whats-in-a-beacon-12c34b0bc078

tBTC is Threshold's flagship application. It represents tokenized Bitcoin that is completely permissionless, allowing anyone to tokenize their Bitcoin and use it in DeFi applications without sacrificing privacy or risking censorship.

Keep and NuCypher were merged into the Threshold Network through a decentralized on-chain merger. The community first proposed the idea to merge the two networks in February 2021. The initial proposal to merge was posted on the Keep Network forum in March. The final proposal (rc0) defined the merger terms and was approved in June 2021 by both communities, with a snapshot vote for Keep and NuCypher token holders.

• 10B initial supply
• 4.5B allocated to NU holders
• 4.5B allocated to KEEP holders
• 1B allocated to Threshold DAO

The vending machine contracts, with static conversion ratios, will be available to NU and KEEP holders indefinitely. There is no time pressure or disadvantage in waiting to upgrade NU/KEEP into T, so please take your time and confirm everything!

Existing NU and KEEP stakers will not be able to use the vending machine contracts until their stakes unlock and become liquid. Legacy stakers will be grandfathered into Threshold via special staking adapters.

The Threshold network provides and maintains a suite of cryptographic primitives for several dApps. The network is the product of the protocol merger between the Keep Network and NuCypher, which was finalized on January 1, 2022 with the launch of the T token.

The T token is both a utility token for the Threshold Network and a governance token for the Threshold DAO.

The T token is primarily used to stake a node. Node operators receive fees from various applications that rely on the Threshold networks cryptographic primitives.The T token is also a governance token and users can lock the token in coverage pools to earn yield in exchange for underwriting collateral risk in the network.

Threshold provides a suite of cryptographic building blocks for privacy, access controls, and cross-chain bridges, including:* Proxy re-encryption (PRE) (https://en.wikipedia.org/wiki/Proxy_re-encryption)* Threshold signatures (TSS) (https://academy.binance.com/en/articles/threshold-signatures-explained)* Distributed key generation (DKG) (https://en.wikipedia.org/wiki/Distributed_key_generation)* Random beacon (RB) (https://blog.keep.network/whats-in-a-beacon-12c34b0bc078)

tBTC is Thresholds flagship application. tBTC is tokenized Bitcoin that is completely permissionless (i.e. has no custodian), which allows anyone to tokenize their Bitcoin and use it in DeFi applications without sacrificing privacy or risking censorship.