chain: News of Threshold (T) - July 2024 Price Update - 7.95% Breakout Crypto News and Analysis

To God be the Glory

Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym 🤝 Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana! tBTC is backed 1-to-1 by BTC. It allows BTC holders to put their BTC to work throughout multiple DeFi ecosystems without the need for a centralized intermediary.

Trade hard. Joy is coming

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@AcreBTC is live on mainnet! A Bitcoin-in, Bitcoin-out staking experience built by Bitcoiners for Bitcoiners. Fully on-chain #Bitcoin staking on Acre, powered by $tBTC @MezoNetwork & @XverseAp

i'm graduate of electrical/electronics engineering. my interest is into online space and also crypto analysts

Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana!

A dedicated learner!

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Exciting announcement! According to the team, the multi chain TBC strategies are now possible on synonym, thereby allocating over 200m of theTnetwork liquidity which will be now ready for users to put to work!

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Explore the Core.

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 Threshold is a decentralized network that emerged from the merger of the Keep Network and NuCypher, uniting their strengths to offer enhanced cryptographic services and decentralized finance (DeFi) solutions. This merger, completed on January 1, 2022, introduced the T token, serving dual purposes within the network. It acts as both a utility and governance token, integral to the network's operations and community-driven decision-making process. The T token is essential for staking within the network, enabling node operators to earn fees by supporting various applications that depend on Threshold's advanced cryptographic primitives. These primitives include proxy re-encryption, threshold signatures, distributed key generation, and a random beacon. Each of these technologies plays a crucial role in ensuring privacy, secure access controls, and facilitating cross-chain interactions, thereby broadening the scope of what can be achieved within the DeFi ecosystem.

Spot the Main Event:

Have Bitcoin? Need to borrow against it? ThresholdUSD is a decentralized and interest-free way to do it. One of the flagship applications of Threshold is tBTC, a tokenized version of Bitcoin that operates without the need for a custodian. This innovation allows Bitcoin holders to participate in the DeFi space more freely, without compromising on privacy or exposing themselves to censorship risks. The formation of Threshold was a community-driven initiative, reflecting a strong commitment to decentralized governance. The network's early history is marked by collaborative efforts between the Keep and NuCypher communities, culminating in a decentralized on-chain merger. This process was meticulously planned and executed, with multiple proposals and community votes guiding the merger's terms. All thanks to the current rise of the Bitcoin, it has positively impacted the price of the threshold token as it's somehow pegged to the BTC price.

Spot the Main Event:

Multi-chain BTC strategies are now possible on Synonym 🤝 Over $200M of @TheTNetwork tBTC liquidity is now ready for users to put to work. tBTC is a secure, multi-chain asset that can extend the power of BTC to multiple EVM chains and Solana!

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.