2017-10-24bloomberg.com

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, Garzik, co-founder of startup Bloq that created metronome, said in a phone interview. It will be unveiled Tuesday at the Money 20/20 conference in Las Vegas.

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Metronome sidesteps a problem that's common for consumers that want to jump from one blockchain -- say, bitcoin -- to another. They have to go to an online exchange, and sell their bitcoins and buy another cryptocurrency. That includes exchange fees, plus the risk of losing out on any appreciation of the currency they dump. With metronome, they won't have to do either.

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.



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