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"We've Built A Thousand-Year Cryptocurrency" – And It Works On Multiple Blockchains
10-25-2017, 10:04 AM,
#1
"We've Built A Thousand-Year Cryptocurrency" – And It Works On Multiple Blockchains
"We've Built A Thousand-Year Cryptocurrency" – And It Works On Multiple Blockchains

Jeff Garzik’s start-up, Bloq, is launching a new cryptocurrency which can switch between blockchains. As Coindesk reportsLong a controversial figure at the center of the debate on how best to scale the public bitcoin blockchain, Garzik's company is today announcing what it believes will be a solution to the infighting he perceives as keeping money out of the established cryptocurrency market.Revealed at Money2020 in Las Vegas, Bloq is unveiling metronome, a cryptocurrency that seeks to claim a series of firsts in crypto-economics, including offering users the ability to switch the same token back and forth between blockchains as desired."It's sort of a best-of-all-worlds cryptocurrency," Garzik said, describing it as a ‘boxcar’ that could ride on top of any compatible blockchain.Bloomberg explainsJeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings first hand. So he decided to create a better digital currency.He’s calling it Metronome and says it will be the first that can jump between different blockchains. For example, coins that are used for applications on the Ethereum blockchain will be able to move to Ethereum Classic before jumping onto Qtum or Rootstock, which connects with the bitcoin blockchain, said Garzik. The mobility means that if one blockchain dies out as the result of infighting among developers or slackened use, metronome owners can move their holdings elsewhere. That should help the coins retain value, and ensure their longevity.Read the entire article
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