LGCY and Unido Partner for Secure Custody Services (GlobalCoin Report)
Unido is an all-in-one platform that serves as an asset management and investment service for crypto-native enterprises. As an incoming wave of companies, asset managers, and investors resort to these technologies, its business banking portal and DeFi interoperability features are becoming essential to blockchain networks looking to welcome new users.
One such case is LGCY, an open-source blockchain protocol that forks the TRON blockchain to provide more scalable and decentralized functionality. As a Layer 1 DPOS decentralized network, it is capable of handling over 10,000 transactions per second at an average cost of $0.01 per transaction. It also counts on a growing community of developers that seek to build new applications securely. This is why the network has decided to partner with Unido for its secure multi-signature wallet technology.
The network will integrate a white-label version of Unido’s wallet where users can store their tokens securely using a patent-pending private key obfuscation algorithm. Developers will also be able to use Unido’s Core API to build decentralized applications designed for enterprise solutions.
While Unido will benefit from the integration of a new user base, LGCY will become a better service for crypto-native enterprises as well as asset managers and investors that need secure all-in-one custody services.
The teams behind Unido and LGCY announced that “the integration of the LGCY blockchain into the Unido platform will be completed as LGCY approaches mainnet launch.”
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