Unido, the leading crypto custody service and enterprise platform is forming an alliance with LGCY, a prominent open-source blockchain protocol. Unido’s multi-signature wallet technology will assist the user-client base of the LGCY enterprise. The pair is prepared to host the incoming wave of institutional investors who are showing acceptance towards the new-age blockchain and cryptocurrency technology amid the current inflation scenario.
LGCY Network, a Layer 1 decentralized blockchain network, is operating its platform with the support of the Delegated Proof-of-Stake consensus algorithm for better scalability. With the integration of Unido’s platform, it’ll release a white-label version of the wallet to help users store their tokens securely. Unido’s core API will help the developer’s community to create decentralized applications designed for enterprise solutions.
The partnership will help the LGCY to become an established enterprise for the growing crypto-native market. The leading companies in the marketplace prefer solutions that provide all-in-one services – from custody to interoperability to leading DeFi applications. The API services of LGCY will also earn Unido a new user base.
LGCY and API 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 main net launch.”
Unido, one of the leading crypto asset custody services and enterprise platforms, provides urban-age features for the management and investment of crypto assets on-chain. Operated through a patent-pending private key obfuscation algorithm for security, it offers compatible services with other renowned blockchain networks. It also facilitates a business banking portal and a DeFi Vault.
LGCY Network, a Layer 1, proof-of-stake, decentralized network, is handling over 10.000 transactions per second at an average cost of 0,01$ per transaction. Commenced as a TRON fork, it is seeking solutions for the current scalability issues in popular blockchains and delivers a truly decentralized blockchain. The platform is witnessing a fast-growing developer community.