Thursday, October 26, 2017

Jeff Garzik Is Launching A Cross Chain ICO Called Metronome


Jeff Garzik has been something of a controversial figure in the Blockchain and Bitcoin space over the last twelve months. He was one of the first Bitcoin developers to take on an active paid role at a blockchain startup and he's since become an active proponent of the Segwit2X event and has become renowned for taking on any denouncers as part of heated Twitter arguments via his personal account.
Anyway, the latest news is that Garzik has decided that he's going to launch a fresh startup and he's going to do it by way of an initial coin offering (ICO).
The new venture is called Metronome and it's reportedly going to aim to allow cryptocurrency users and holders to jump between blockchains.
This is one of those things that has long been discussed as a potential answer to some of the shortfalls of the digital currency space but – until now – nobody has really taken action to get it into the real world. With Metronome, Garza is reportedly trying to do just that. The process will involve what he calls a 'proof of exit receipt', which serves as a sort of confirmation type item that a user has left one blockchain for another.
The announcement came at the Money 20.20 event that's currently ongoing in Las Vegas and that will wrap up today.
Here's what Matthew Roszak, co-founder of Bloq and chairman of industry advocate Chamber of Digital Commerce, had to say about the fresh development:
"Institutional investors should be very excited to see something like this, we’ve built a thousand-year cryptocurrency, something that’s built to last.”
And here's what Garzik himself said about the new venture:
"If I had a clean slate of paper this is what I would design.”
No doubt this event will cause some controversy in the space, not least because of its time (right ahead of the forking).
Let's see how things play out.

Source bitconnect

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