Breaking News

DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2 Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

New Metronome Cryptocurrency to Work on Multiple Blockchains

New Metronome Cryptocurrency to Work on Multiple Blockchains

Enterprise & IT Oct 24,2017 0

Jeff Garzik, a key developer who helped build the underlying software for bitcoin that is known as blockchain, has created a better digital currency called 'Metronome .'

Metronome will be the first cryptocurrency 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 said Garzik, co-founder of startup Bloq that created metronome.

Metronome will be unveiled Tuesday at the Money 20/20 conference in Las Vegas.

According to Garzik, the Metronome cryptocurrency has been built to last. It is starting out with zero users, compared with 35 million active bitcoin users a month. There are more than 1,100 tokens and currencies competing for users, according to CoinMarketCap. The token will first be issued on ethereum, and support for ethereum classic and other blockchains is expected within months.

Metronome's coins will be produced and supported by autonomous distributed software that isn't controlled by anyone, and can't be changed. This software will auction off metronome, beginning in December, and keep and use the proceeds to boost the currency's price. The rest of the project will be open sourced, so anyone will be able to build applications with metronome in mind.

Bloq will provide developer tools for corporate users. The company and others that helped create and promote the cryptocurrency will retain 2 million metronome coins, out of an initial trove of 10 million to be auctioned off in December. Every 24 hours, 2,880 new coins will be added to the supply.

Metronome owners will be able to receive a digital receipt for removing their coins from one blockchain. They can send the receipt to another blockchain, to add metronome there.

Tags: Bitcoin
Previous Post
BLU VIVO 8L Released for Selfie Addicts
Next Post
Seagate Sees 20TB HAMR Drives Coming in 2019

Related Posts

  • What Does it Take to Make an ASIC Bitcoin Miner

  • The Current State of Crypto Mining

  • Bitcoin breaks the US$20,000 barrier for the first time in history

  • Covid-19 Has Wiped Out One Third of Cryptocurrency Scammers’ Revenue

  • Opera Browser for Android Offers Ten New Colors to Choose From, Supports Bitcoin

  • Hackers Stole $32m From Cryptocurrency Exchange Bitpoint

  • Trump Blasts Facebook's Libra

  • FATF Launches Crackdown on Money Laundering And Terrorist Financing Risks Using Cryptocurrencies

Latest News

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2
Gaming

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance
PC components

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025
Enterprise & IT

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed