Brand Story
18 Feb 2021, 19:15 GMT+10
Crypto custody service and enterprise platform, Unido, has announced its partnership with LGCY, an open-source blockchain protocol. Users of the LGCY enterprise client will benefit from Unido's secure multi-signature wallet technology. The pairing is set to welcome an incoming wave of institutional investors who are resorting to blockchain and cryptocurrencies amid current inflation worries.
LGCY is a fork of the TRON network that uses a Delegated Proof-of-Stake consensus algorithm for better scalability. It will now feature a white-label version of Unido's wallet where users can store their tokens securely. The network's growing community of developers will also make use of Unido's Core API to build decentralized applications designed for enterprise solutions.
Through this strategic partnership LGCY will become a better option for the growing market of crypto-native enterprises. These companies are already looking for solutions that provide all-in-one services that include custody as well as interoperability with today's leading DeFi applications. On the other hand, Unido will count on a new user base through LGCY's use of its API services.
Both teams commented on the partnership:
"LGCY and UNIDO are excited to announce that both platforms will be working together to deliver the security of the Unido EP multi sig platform to LGCY enterprise clients users. The integration of the LGCY blockchain into the Unido platform will be completed as LGCY approaches mainnet launch."
About Unido
Unido is a crypto asset custody service and enterprise platform that provides features for the management and investment of crypto assets on-chain. It relies on a patent-pending private key obfuscation algorithm for security and offers services that are compatible with other popular blockchain networks. Unido's features include a business banking portal as well as DeFi Vault.
About LGCY
LGCY is a Delegated Proof of Stake fork of the TRON blockchain that seeks to solve current scalability issues in popular blockchains and deliver on the promise of a truly decentralized blockchain. The platform counts on a fast-growing developer community.
Media contact:
Michael Swan
michael.swan@pac.eco
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationBANGALORE, India: Contrary to analysts' predictions, OPEC and its allies decided to leave oil production unaffected until April, citing the ...
U.S. retail giant Target saw its revenues rise 21 percent year-on-year to $28.34 billion in the quarter ending in January, ...
AUSTIN, Texas: Aviation and aerospace company SpaceX is expanding its presence to align with global demand by setting up a ...
GOTHENBURG, Sweden: Volvo targets to only manufacture electric cars by 2030 by significantly increasing the size of its U.S. South ...
CUPERTINO, California: Apple announced on Monday that all 270 of its store locations in the U.S. have officially opened for ...
Zoom Video Communications' fourth-quarter results trumped forecasts of moderate growth following its meteoric rise in 2020, with revenues surging 369 ...
VANCOUVER, Canada: Lawyers for Huawei chief financial officer Meng Wanzhou have sought a dismissal of the extradition case against her, ...
REYKJAVIK, ICELAND - The volatile islands of Iceland have experienced unusual seismic activity in the past week, with over 18,000 ...
Yemen's Houthi rebels have carried out missile and drone strikes on a Saudi military base and an oil facility, expanding ...
BERLIN, Germany: In a change of policy, Germany has announced it will begin vaccinating those over 65 years-old, while recommending ...
WASHINGTON D.C.: Compromising with moderates, President Joe Biden and Democrats agreed to tighten the requirements for those eligible to receive ...
ANN ARBOR, Michigan: Some 375 University of Michigan students have been banned from entering school buildings because they have not ...