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Bitcoin Pioneer Says New Coin To Work on Many Blockchains (bloomberg.com)
A reader shares a Bloomberg report: Jeff 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 firsthand. 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, 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. "Institutional investors should be very excited to see something like this," Matthew Roszak, the other co-founder of Bloq and chairman of industry advocate Chamber of Digital Commerce, said in a phone interview. "We've built a thousand-year cryptocurrency, something that's built to last." That's a concern for many digital currencies. Infighting among developers and various supporters, and the slow pace of enhancements on the bitcoin blockchain have helped to limit use. Both bitcoin and its main rival, ethereum, have split into several versions.
Three Bitcoins for the Hacker-kings under the sky,
Seven for the Drug-lords in their halls of stone,
Nine for Libertarian Men doomed to die,
One for the Dark Lord Satoshi on his dark throne
In the Land of Mammon where the Shadows lie.
One Bitcoin to rule them all, One Bitcoin to find them,
One Bitcoin to bring them all, and in the darkness bind them,
In the Land of Mammon where the Shadows lie.
the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff