### What is Threshold Network?

Threshold Network is a decentralised network formed from the merger of Keep Network and NuCypher. It offers enhanced cryptographic services and decentralised finance (DeFi) solutions. The network provides a suite of threshold cryptography services for web3 applications through a decentralised network of nodes.

### How does Threshold Network work?

Threshold Network utilises threshold cryptography, distributing cryptographic operations across multiple nodes. This ensures operations can only be executed if a specific minimum threshold of nodes collaborates, enhancing security and preventing single points of failure. It integrates with public blockchains, primarily Ethereum, offering services like proxy re-encryption and decentralised asset bridges such as tBTC. The network employs threshold cryptography algorithms and smart contracts for staking and managing services.

### What are the potential use cases for Threshold Network?

Threshold Network primarily enhances privacy and security in web3 applications. Key use cases include:

- Secure user data through robust privacy features.
- Proxy Re-Encryption for secure, decentralised data sharing with dynamic access controls.
- Support for decentralised finance projects like stablecoin collateralization and community-led governance.
- Services such as tBTC v2, a decentralised Bitcoin-to-Ethereum asset bridge, and Threshold Access Control for various applications.
- Addressing privacy and security challenges in web3 platforms and enhancing user sovereignty.

### What is the history of Threshold Network?

Threshold Network was established through the merger of NuCypher and Keep Network, with the unified network launching on January 1, 2022. Key milestones include the introduction of the T token, the launch of services like tBTC v2, and partnerships with leading blockchain networks such as Bitcoin and Ethereum. The network has continually evolved, focusing on decentralising WBTC and enhancing interoperability across blockchain ecosystems.

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