Jeff Garzik’s New Altcoin Will ‘Jump’ Blockchains To Avoid Infighting FalloutOctober 24, 2017 4:42 pm
Bloomberg reported Tuesday principal SegWit2x developer Jeff Garzik is attempting to create a new altcoin which unlike 2x will not be a fork of Bitcoin and will be a separate cryptocurrency called Metronome.
Garzik wants to create the coin as the first of its kind to ‘jump’ between different blockchains, the report said.
“If I had a clean slate of paper this is what I would design.” – Principal SegWit2 developer Jeff Garzik
Meanwhile, SegWit2x continues to provoke controversy throughout the cryptocurrency world, the report said, with figures and businesses both split as to whether the fork is a beneficial addition to bitcoin or an attempt at a so-called “hostile takeover” of the network.
Insuring coin holders against “infighting” from a certain development team, the report said, is Metronome’s unique selling point.
“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,” a paraphrased summary of Garzik’s quotes said.
Garzik is Metronome’s brainchild as co-founder of blockchain enterprise platform Bloq. Fellow co-founder Matthew Roszak was extremely upbeat about the coin’s long-term prospects.
“Institutional investors should be very excited to see something like this,” he said. “We’ve built a thousand-year cryptocurrency, something that’s built to last.”
The ongoing Money20/20 conference in Las Vegas will form the official unveiling of Garzik’s creation this week, while SegWit2x is slated for forking Nov. 18 and its release soon after, the report said.
– WN.com, Jack Durschlag