Metronome is the world’s first cross-blockchain cryptocurrency, making decentralization possible and delivering institutional-class endurance.
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Metronome aims to be a cryptocurrency capable of being exported and imported across chains, Metronome will initially be issued on Ethereum, with Ethereum Classic, Rootstock on Bitcoin, and Qtum support expected to follow. Metronome aims to provide portability that will allow users to select the chain that suits their requirements for management and security, or upgrade the MTN contract if needed. Portability furthers Metronome’s goal of becoming a general/wide-use cryptocurrency by freeing it from any one chain. Metronome aims to be a cryptocurrency which optimizes for self-governance, long-term reliability, and maximum portability. Metronome will not be controlled by any party after launchnot even its authorsas it will be completely autonomous. Metronome authors plan to continue to help by building an ongoing open-source community to support developers and users, but Metronome authors will have no access or control after the initial auction.
Competitors: Dogeethereum, Litecoin, Polkadot, Blockchain Router
Uniqueness/Advantages to competition: Aims to create a fully autonomous public decentralized cryptocurrency community.
Product
Alpha development and blockchain testing for the platform are planned to occur after the ICO, and for the first cross-chain transaction to occur in Q2 2018 (see Roadmap).
There is appeal to the Metronome product, given the increasing demand for atomic swaps and cross-chain technologies. The potential / target user-base is large, since if the cross-chain communication is robust enough, it will be able to communicate with many blockchain ledgers. There is some competition in-terms of different technologies trying to accomplish the same goal of cross-chain communication. Competition over time will greatly stiffen as blockchain technology adoption continues, given the target audience.
Competitors: Dogeethereum, Litecoin, Polkadot, Blockchain Router
Use of Blockchain
The project offers contribution to blockchain development as it aims to create an innovative and novel cross-chain technology, thus enabling blockchains to interact fluidly. There is disruptive advantage as, in theory, it would enable further advancement and create a more liquid and ubiquitous blockchain technology sector. There is need for a custom token as the platform is an autonomous public decentralizd cryptocurrency community. If cross chain technology becomes robust it can become an essential part of the blockchain ecosystem.
Whitepaper
The whitepaper is well put together, aesthetic, and professional, and provides a mixture of media and textual explanation. The whitepaper is 33-pages long and can be read quickly thanks to efficient organization and presentation of media. The whitepaper sections include: Motivations, Executive Summary, Background, Introducing Metronome, How Metronome Works, Cryptocurrency market context to date, Metronome contracts and technical aspects, Metronome Proceeds and Autonomous Converter Contracts, and Token Supply Economics. The business plan and technology behind Metronome are concisely explained. References are provided in footnote fashion.
See the full ratings here: https://cryptorated.com/ico-rating/metronome/
