The strength of the partnership lies in LGCY providing the scalable infrastructure and Unido providing the maneuverable platform for asset management, all for the benefits of both company’s customers.
Cryptocurrency custody service provider Unido has announced its strategic partnership with the LGCY Network, an open-source decentralized blockchain protocol. Per the press release shared with Coinspeaker, the users of the LGCY Network will now be able to utilize Unido’s secure multi-signature wallet technology.
The integration of both company’s unique technologies is critical at this time when institutional demand for crypto products is brewing up. Positioning is vital in today’s crypto space as corporate investors are accumulating digital assets amidst a global decline in the various fiat currencies.
To capture the anticipated class of investors and other retail customers, a multi-functional synergy with a focus on transaction scalability and throughput is required. This is one of the unique things the LGCY Network brings to the table.
As a fork of the Tron blockchain, the LGCY Network will bring true decentralization with Delegated Proof of Stake (DPOS) by implementing the Libertas Protocol to the Super Representatives (SRs) system of governance. This will help prevent undue whale accumulation in the ecosystem which can create an unbalance amount of power. This is true decentralization at work.
Unido’s Attractiveness in the Age of DeFi
The world is gradually shifting to appreciate the inherent revolutionary potentials of decentralized finance (DeFi). With projects that offer tailored lending services and other products through smart contract governance, many are embracing the alternatives to what traditional financial institutions have made available over the years.
Besides the products rendered, a host of these DeFi platforms have their native tokens which are now becoming more attractive to investors in the crypto space. The establishment of Unido is geared towards helping Crypto-native enterprises and asset management firms that often struggle to access decentralized finance and manage their crypto assets effectively due to severe limitations in security, governance, and accessibility.
Unido brings innovative solutions to these issues, enabling enterprises to securely access DeFi opportunities and seamlessly manage their crypto banking operations. It achieves this aim through its one-stop user-friendly business banking portal as well as its DeFi Vault.
Strength of the Unido and LGCY Partnership
As highlighted, both startups bring specialized solutions to the table. The strength of the partnership lies in LGCY providing the scalable infrastructure and Unido providing the maneuverable platform for asset management, all for the benefits of both company’s customers.
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.”
As the crypto space and DeFi ecosystem develop, the foundation for the cross-network partnership being laid down by the duo of Unido and LGCY will be the bedrock to engraft more participants into the digital currency ecosystem. Such moves are needed to guarantee financial autonomy and attain the massive gap-bridging for the inequality in our world.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
