Published On: Tue, Oct 24th, 2017

Garzik to launch portable coin amidst SegWit2x ‘upgrade’ debacle

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Jeff Garzik, one of the original blockchain developers and co-founder of Bloq, will announce a new currency called Metronome later today. The “world’s first cross-chain currency” makes its debut at the Money 20/20 conference in Las Vegas, as reported by Bloomberg.
Cross-chain currency?
Their words, not mine. The idea is that Metronome will be the first currency which is portable across multiple blockchains. The example case given in the Bloomberg article is rather confusing, and suggests that coins “used for applications on the Ethereum blockchain will be able to move to Ethereum classic…”
In actual fact, it is only Metronome tokens, which will be initially issued on the Ethereum blockchain, that will be transferable to Ethereum classic once support is added. Bloq also expects to add support for Rootstock and Qtum, which connects to the Bitcoin blockchain, although it isn’t clear whether this means Metronome can be moved to this.

Brilliant… but why?
The claimed benefit of this portability is a lack of reliance on any particular blockchain, meaning that owners can move their holdings elsewhere in the event of one blockchain dying out.
And why would …

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