Virtual currency metronome

According to Beijing time on October 24, Jeff garzik is one of the few key developers of bitcoin's underlying software, so he knows the shortcomings of bitcoin's blockchain at his fingertips. So he decided to create a better digital currency

he named the currency metronome and said it would be the first virtual currency to be used on different blockchains

this mobility means that if a blockchain dies e to developers' infighting or no one is using it, metronome users can transfer their money to other places. Kajik said that would help metronome maintain its valuation and ensure its long-term survival. In order to create metronome, kajik founded the start-up company bloq. Metronome will be officially launched at the money 20 / 20 conference in Las Vegas on Tuesday, he said

metronome will be generated and supported by automatic distributed software, which is neither controlled nor changed by anyone. The software will start auctioning metronome currency in December and will retain and use the proceeds from the auction to drive the price of the currency. The rest of the project will be open source, so anyone can develop applications for metronome

bloq will provide developer tools for enterprise users. Of the 10 million metronome coins to be auctioned in December, bloq and other organizations that help create and promote metronome will keep 2 million of them. Every 24 hours, 2880 new metronome coins are born

metronome avoids problems that users often encounter when they want to transfer from one blockchain to another. That is, users must sell one cryptocurrency they own and then buy another. This creates transaction costs and may lose the potential appreciation of the currency sold. With metronome, none of this is a problem

when users want to transfer metronome to another blockchain, they will get a digital receipt. They can then send the receipt to another blockchain and add metronome to that blockchain