There is a possibility that the recent splits of Ethereum (ETH) and Ethereum Classic would be beneficial to Uniglo (GLO). The upcoming forks of these projects have the potential to bestow extra value and usefulness onto Uniglo, as well as enhance the cryptocurrency’s allure to users and investors.
What are the upcoming ETH and ETC forks?
To coprehend what the imminent “Merge” hard fork of the Ethereum blockchain is all about, you must be knowledgeable of its past. A hard fork in the network created Ethereum Classic (ETC), a continuation of the original blockchain and what is currently the Ethereum blockchain, in July 2016. Simply put, a hard fork is an update to the blockchain network that calls for all nodes or users to utilize the most recent protocol software version. The upcoming Ethereum hard fork, scheduled to release in September, promises a major blockchain reshaping.
The Beacon Chain proof-of-stake mechanism will be integrated with the existing Ethereum Mainnet during the Merge on the Ethereum blockchain. The Beacon Chain proof-of-stake mechanism and the existing Ethereum Mainnet are combined via the Merge, claims Ethereum.
It also signals the end of Ethereum’s proof-of-work system, and the complete switch to proof-of-stake, which will serve as the foundation for future scaling improvements like sharding, will significantly lower Ethereum’s energy use.
How could Uniglo benefit from these forks?
The recent hard fork of the Ethereum blockchain created two new crypto assets, Ethereum (ETH) and Ethereum Classic (ETC). While the hard fork was intended to resolve issues with the Ethereum blockchain, it has also created opportunities for two new smart contract platforms. While both ETH and ETC have their advantages and disadvantages, it is questionable whether either one will be able to unseat the current king of smart contracts, Ethereum. However, one company could definitely benefit from the hard fork: Uniglo.
Uniglo is a decentralized platform that is built on the Ethereum blockchain. While the Uniglo platform is still in its early stages of development, the team believes that the hard fork of the Ethereum blockchain presents an opportunity for Uniglo to gain traction in the crypto space. This is because, unlike ETH and ETC, Uniglo is not trying to compete with Ethereum. Instead, the Uniglo team is focused on building a platform that makes it easy for developers and investors to develop and create wealth. In other words, Uniglo is focused on becoming the go-to platform for investors who want to build on Ethereum. If Uniglo can provide developers with the tools they need to grow their portfolio, it could benefit significantly from the hard fork.
Uniglo – A go-to platform after the Ethereum fork
In the wake of the recent Ethereum fork, many users are looking for a new home for their ETH. Uniglo is quickly becoming the go-to platform for many of these users.
Uniglo offers a variety of features that make it an attractive option for ETH users. First and foremost, Uniglo offers support for ETH. To put it simply, Uniglo plans to create a vault where the top 10 cryptocurrencies will be held to provide liquidity to the market, and one such coin will be ETH. This means that users will benefit from the price increase of ETH after the fork, increasing the value of GLO. Additionally, Uniglo has built-in support for ERC20 tokens. After all, it’s built on the Ethereum blockchain. Double-burning feature, DAO system, and asset-backed vault also make the Uniglo protocol exciting for investors. Thus, before the GLO price reaches the moon, many crypto enthusiasts rush to join the presale in the early stages.
Learn 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/GloFoundation
(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)
Source: The Print
