Metronome: Jeff Garzik's cross-blockchain crypto

Bloq, Jeff Garzik's startup, is to launch a cross-blockchain cryptocurrency that will address Bitcoin's deficiencies 
25 October 2017   2860

A former core developer of Bitcoin and now Bloq CEO, Jeff Garzik, unveils Metronome (MTN), a cryptocurrency that seeks to claim a series of firsts in crypto-economics, including offering users the ability to switch the same token back and forth between blockchains as desired, making Metronome the world’s first cross-blockchain cryptocurrency.

As detailed by the company, Metronome is to be initially issued on Ethereum, with Ethereum Classic, Rootstock and Qtum support expected to follow. This allows users to select the chain that suits their requirements for management and security, or even upgrade the MTN contract if needed.

With Metronome, we sought to design an autonomous cryptocurrency system that is highly resistant to governance failure and is intended to last for generations. To accomplish this, we recognized early on that allowing users the freedom to select which blockchain most closely aligns with what they value was not only an important feature, but a vital one if we were to realize the Metronome vision.
 

Jeff Garzik
CEO and co-founder of Bloq

Furthermore, Metronome will not be controlled by any party after launch - not even its authors - as it is completely autonomous. Thus, Bloq plans to continue to help by building an ongoing open-source community to support developers and users, but will have no access or control after the initial auction.

We believe that individuals will be empowered by a currency designed with self-governance as a first-order variable. Further, institutions can more confidently enter the cryptocurrency category, as Metronome will enable them to innovate and develop reimagined financial products.
 

Matthew Roszak
Co-founder and chairman of Bloq

Metronome is opening with an initial auction of 10 million MTN, with 8 million MTN being made available to the public and 2 million being set aside for Bloq as the principal development team.

Bloq, in its turn, is moving ahead on the launch of the token, setting a date for the first week of December for its token sale.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   7

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.