A new Ethereum-based player in the decentralized finance (DeFi) space is making waves, projected to profit from the upcoming Merge event. According to experts, this new player – Uniglo (GLO) – could benefit much more than Ethereum Classic (ETC), which is the protocol that could be home to developers and miners that will be left behind once The Merge is completed.
The Ethereum (ETH) Merger
Ethereum is changing. While it was the first in the market to successfully scale its offering of a platform for creating global payments, decentralized money, and applications, Ethereum was also the test bed for such an approach to blockchain technology. Created in 2015, Ethereum has always operated with a Proof of Work consensus algorithm.
However, this methodology will soon end, as Ethereum is close to completing The Merge in which its current Ethereum Mainnet will merge with the Beacon Chain (a Proof of Stake consensus). The Merge is expected to drive the scaling upgrades on Ethereum and will incorporate enhanced sharding and reduce energy consumption significantly.
Ethereum Classic (ETC)
Many analysts have pointed out that The Merge is an opportunity to place Ethereum Classic under a spotlight. Ethereum Class is, of course, different from the Ethereum Chain. However, they are related in a way, and they both currently are on Proof of State system. Once Ethereum completely abandons that system, however, Ethereum Classic should be ready to pick up the pieces, adopting the developers and miners that are used to a Proof of Work arrangement. However, despite its prime position for benefiting from The Merge, analysts have also identified another DeFi player – Uniglo – that could profit even more than Ethereum Classic.
Uniglo is a brand new player in the cryptocurrency market that many experts consider to be then next gem worth investing in as early as now. Uniglo is a social currency that is backed by different assets including digital currencies, non-fungible tokens, and tangible collectibles. One of the principles behind Uniglo is providing wealth accumulation through long-term growth and diversification. As The Merge enables more secure, stable, and affordable transactions, Uniglo is set to benefit, becoming more accessible to users and buyers.
Uniglo is currently on Phase 2 Presale, which means interested buyers of its GLO token can still become part of the Uniglo Community at a discounted price.
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