Jeff Garzik, Formally Launched an Altcoin, Dubbed Metronome

Jeff Garzik, Formally Launched an Altcoin, Dubbed Metronome

Altcoins News
June 18, 2018 by Sandra Onyeiwu
1204
Jeff Garzik, has formally launched an altcoin, dubbed Metronome, which backers allege will be the first cryptocurrency to offer “institutional class” endurance. Jeff Garzik, is among the first Bitcoin developers. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late Oct. 2017 when the cryptocurrency
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Jeff Garzik, has formally launched an altcoin, dubbed Metronome, which backers allege will be the first cryptocurrency to offer “institutional class” endurance.

Jeff Garzik, is among the first Bitcoin developers. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late Oct. 2017 when the cryptocurrency market was in the early stages of a parabolic fourth-quarter rally.

What makes Metronome interesting is that it promises its users cross-chain portability. It also purports to offer a consistent rate of inflation and “no undue influence from founders after launch.” These three promises Metronome’s mantra of self-governance, reliability and portability.

According to Garzik “Nowadays, bitcoin faces existential threats from forks, developer drama and so forth. Understanding what we know and using a fresh sheet of paper, we asked what would we build and the reply is that. ”

Unlike most first coin offerings (ICOs), metronome has been distributed via a descending price auction, which means that the crowdsale cost declines over time until no more tokens are remaining. Developers argue that this will reduce FOMO-driven purchasing and aid with price discovery.

 

 

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