NuCypher Legacy Token Migrates to Threshold Network

NuCypher was a decentralized key management and encryption protocol that provided privacy services for blockchain applications using proxy re-encryption technology.

The protocol was founded in 2017 by MacLane Wilkison and Mikhail Egorov (also the co-founder of Curve Finance), and it launched its mainnet in October 2020. In January 2022, NuCypher merged with Keep Network to form Threshold Network.

Threshold Network's primary product focus is now on expanding tBTC adoption, which uses threshold cryptography to secure Bitcoin deposits across a 51-of-100 signer network.