Bloq, a leading blockchain technology company, will launch Metronome (MTN), the world’s first cross-blockchain cryptocurrency, Blockchain News reported.
Metronome is a next generation cryptocurrency with a predictable and autonomously managed token supply, built for store-of-value, payment and transactional use cases.
“With Metronome, we sought to design an autonomous cryptocurrency system that is highly resistant to governance failure and is intended to last for generations,” said Jeff Garzik, CEO and co-founder of Bloq.
MTN tokens will be managed by its user community, with the system managed by autonomous smart contracts. There will be no third party with any special privileges either within the system or in the MTN marketplace.
“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,” said Matthew Roszak, co-founder and chairman of Bloq.