Brand Story
19 Feb 2021, 02:15 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 InformationNEW YORK, New York - U.S. stocks closed sharply higher on Wednesday adding to the volatility this week which has ...
CHICAGO, Illinois - After engine parts fell onto a residential neighborhood in Denver, USA this weekend, Boeing Co. has recommended ...
DUBLIN, Ireland - The government is considering easing the nationwide Covid lockdown before the planned nine-week deadline, as Taoiseach Micheal ...
SYDNEY, NSW, Australia - Sharemarkets in Asia were rocky on Wednesday following a violent sell-off on Wall Street a day ...
TEL AVIV, Israel: An Israeli study has found the COVID-19 vaccine developed by Pfizer and BioNTech effective in preventing laboratory-confirmed ...
Oil prices climbed again on Tuesday after a jump in the morning session, holding near a 13-month high, due to ...
Some 8.7 million Texans remain under orders to boil their water before drinking or cooking with it, following a massive ...
CHICAGO, Illinois - Following an 11-month closure, Chicago's lakefront, parks and pools are preparing to reopen.Earlier this week, Chicago Mayor ...
KINSHASA, Democratic Republic of Congo - Italy's ambassador to the Democratic Republic of Congo was assassinated Monday while traveling in ...
NAIROBI, Kenya: The head of the World Health Organization (WHO) has requested that Tanzania report on its measures to battle ...
OTTAWA, Canada - Ramping up pressure on Liberal Prime Minister Justin Trudeau to toughen his stance on China, Canada's parliament ...
CODOGNO, Italy: Sunday marked one year since Italy experienced its first known COVID-19 death, a 77-year-old retired roofer from the ...