PRESS RELEASE

Uniglo.io Is Just As Positively Affected As Ethereum Classic By The Ethereum Merger

Author: Coinpedia

Coinpedia right arrow

Author

Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    news-image

    The Ethereum Merge was successful. The entire data stored on the Ethereum PoW (Proof of Work) mainnet was successfully transferred to the Beacon Chain, which operates using a PoS (Proof of Stake) consensus mechanism.

    Uniglo (GLO), an Ethereum-based social currency, will see a massive benefit from the coming implementation of sharding, Ethereum Classic (ETC) looks likely to rally following the Merge, and Ethereum (ETH) holders brace for greater sell pressure.

    Uniglo (GLO)

    Uniglo’s unique approach to wealth preservation has come at an excellent time for many investors. With the value of fiat declining each day and digital assets experiencing violent volatility, investors have struggled for long-term solutions.

    By leveraging asset ownership and holding a collection of digital and physical assets in the Uniglo Vault, GLO is a value-backed token that exposes investors to a broad range of assets. Including high-end luxury items such as real estate and fine art- typically less affected by market downturns. On top of this, GLO is hyper-deflationary, a further mechanism to guarantee a constantly appreciating price.

    With the introduction of sharding coming in the next six to twelve months, Ethereum will see a huge boost in its scalability. The network’s economic bandwidth will grow, meaning more typical traditional businesses will utilise the network, leading to an increase in asset tokenization. This will be a massive boon for Uniglo, one of the pioneering platforms for holding real-world assets in NFT form. 

    Ethereum Classic (ETC)

    Ethereum classic maintains the integrity of the original Ethereum blockchain. In 2016 a notorious incident known as The DAO exploit took place, seeing 3.6 million ETH stolen from The DAO’s treasury fund. The Ethereum developers made the highly controversial decision to roll back the blockchain before the incident took place and move the funds into another smart contract. This is fundamentally at odds with blockchain’s immutable nature and led to the Ethereum Classic hard fork.

    With increasing fears of centralisation of the Ethereum network post Merge, due to the PoS (Proof of Stake) consensus mechanism prioritizing larger validators, many investors will move into ETC instead. 

    Ethereum (ETH)

    Ethereum, the merge was successful, and now development continues until Sharding is implemented and ETH 2.0 becomes a reality. The transition to PoS was largely symbolic, with little effect on the network’s performance or throughput. It is Sharding which will make the throughput rocket.

    Find Out More Here:
    Join Presale: https://presale.uniglo.io/register
    Website: https://uniglo.io
    Telegram: https://t.me/GloFoundation 
    Discord: https://discord.gg/a38KRnjQvW 
    Twitter: https://twitter.com/GloFoundation1

    Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

    Show More

    Was this writing helpful?

    No Yes

    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Related Articles

    Back to top button