Threshold (T)
Rank #414
Market snapshot
- Price
- $0.00342788
- Market cap
- $38.2M
- 24h volume
- $2.5M
- Circulating supply
- 11,155,000,000
- Total supply
- 11,155,000,000
- Max supply
- 11,155,000,000
What is Threshold?
Threshold is a cryptocurrency designed to enhance the usability of Bitcoin through programmable integrations. It allows for the distribution of control over Bitcoin.
How Threshold works
Threshold operates on the principles of threshold cryptography, which enables a decentralized network of independent node operators to manage Bitcoin. This setup prevents any single entity from controlling the funds, ensuring a distributed governance model. The network facilitates seamless Bitcoin integrations through composable SDKs, allowing for direct deposits and withdrawals while maintaining a secure architecture.
Key information
- Symbol
- T
- CMC rank
- #414
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Jan 31, 2022
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0xCdF7028ceAB81fA0C6971208e83fa7872994beE5
Key characteristics
Threshold is categorized under several tags, including Ethereum ecosystem, Binance ecosystem, and Bitcoin ecosystem. It features programmable Bitcoin integrations that enhance the usability of Bitcoin across various products and protocols. The T token serves as the governance and value accrual asset for the Threshold Network.
Documented uses
Threshold Network transforms Bitcoin into a usable asset, establishing standards for programmability, yield, and security in global finance.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Threshold (T)?
- Threshold (T) is a cryptocurrency that enhances the usability of Bitcoin through programmable integrations and operates within the Ethereum and Binance ecosystems.
- How does Threshold work?
- Threshold utilizes threshold cryptography to distribute control over Bitcoin among a network of independent node operators, preventing any single entity from acting alone on the funds.
- What are the technical features of Threshold?
- Threshold features programmable Bitcoin integrations, allowing for direct deposits and withdrawals with secure architecture, enhancing its usability across various protocols.
- What are the risks associated with transferring Threshold?
- Users should verify the contract address and network before transferring assets, and be aware that transfers may be irreversible.
- How can I verify the acquisition of Threshold?
- Verify the asset name, network, and contract details before transferring, and review the custody method for secure handling.
- Where can I find official resources for Threshold?
- Official resources for Threshold can be found at their website and technical documentation, which provide detailed information about the network.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
