The new Threshold crypto project

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The token of Threshold, the company born from the merger of the two companies Keep and NuCypher, is one of the crypto assets that has gained the most in recent days.

The project is still little known, but it nevertheless attracts the attention of many.

In the article, we will review the features of the project and the growth of its token.

Keep Network and NuCypher Create a Threshold to Increase Security in the Crypto World

The project was born in February 2022, with the aim of increasing privacy and security through cryptocurrencies. The merger is between the company Keep Network, which is the privacy-focused infrastructure based on tBTC, and the company NuCypher which provides cryptographic access controls for distributed applications and protocols.

Through a first declaration, the merged company explains what its objectives are and why it was created:

“In today’s world, trade-offs are often made between privacy and usability. We transmit our private data with real-time location to hail a cab, our social security number and financial status information to access credit, our photos and browsing data to stay connected online. The consequences of these trade-offs are real and measurable. Millions of login credentials have been stolen and shared online, bank accounts and phone numbers compromised, our opinions influenced by aggregate data profiles and algorithms that know more about us than we know ourselves. What if we no longer had to accept this compromise?

Instead, Threshold’s ecosystem is concerned with distributing sensitive operations to multiple independent entities, such as nodes in a network.

To succeed, the operation must see the cooperation of several entities. On this basis, the security and availability of information systems increase disproportionately.

Despite the presence of threats, the system will continue to operate securely.

Before the two companies started working together, they had a common goal of providing user privacy tools on the public blockchain in a secure way. The merger between Keep and NuCypher was also motivated by a feeling of closeness, induced by the same principles.

Today, Threshold is one of the most ambitious projects in the field of privacy, offering very elaborate alternative solutions. Its services include cryptographic protocols that allow users to control their data.

A decentralized bridge for Bitcoin and Ethereum, a first for holders of this cryptocurrency. A new way to use it, without permissions to use it to the fullest, in its DeFi version.

Threshold Crypto Token Soars +80%

As we have seen, the project is really ambitious, full of potential and it strikes the right chords for users. A strong, stable and secure project must have an equally strong token behind it.

Even though the project and the token have only recently come into being, both are entering the crypto ecosystem head-on. The Threshold token has earned its place in the top 100, thanks to its tremendous performance over the past 24 hours.

The price of the token has almost doubled, partly thanks to the announcement published by Coinbase, which included it in its roadmap.

Coinbase’s roadmap is the exchange’s new system, which is supposed to limit instances of scams and make the platform’s list of crypto assets more transparent.

Specifically, it is a system that “forces” the US exchange to advertise every pricelist on its listing. The aim is clearly to avoid (repeated) incidents of insider trading in the stock market.

The official Coinbase website explains why new assets are listed all the time:

“Our goal is to list as many assets as possible that meet our legal, technical and compliance security standards. These standards do not take into account the market capitalization or the popularity of a project.

Therefore, even Coinbase helped push up the price of the Threshold token, which entered the CoinMarketCap ranking. A very useful ranking for those who are interested in new projects to invest in.

Therefore, even getting into a ranking that offers very wide publicity could be a springboard for the company that is the result of the merger of Keep Network and NuCypher.

Provided that indeed one of the trends of 2023 is transparency and security for users, projects like this will certainly grow. The cryptocurrency community is beginning to appreciate those who provide them with a glimmer of certainty, we also see that from these events. Let’s prepare for a year 2023 full of projects in the areas of security and privacy.

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