Venezuela’s Petro Cryptocurrency May be a Copy of Dash

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Petro (PTR), the official oil-backed cryptocurrency of Venezuela appears to be an identical copy of the popular crypto Dash. In fact, it appears to have the same features and mining algorithm. Even its whitepaper appears to have replicated many sections from the Dash whitepaper. As a matter of fact, Joey Zhou, an Ethereum developer recently … Continue reading “Venezuela’s Petro Cryptocurrency May be a Copy of Dash”

Venezuela Ties Fiat Currency to Oil Backed Cryptocurrency

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Venezuela is a tragic story of the wealthiest nation in South America becoming impoverished through unfortunate choices. The president revealed he will begin a different economic reform program. This will see the bolivar currency pegged to the country’s first petro cryptocurrency. This will not be a pain free transition though. President Nicolas Maduro argued this … Continue reading “Venezuela Ties Fiat Currency to Oil Backed Cryptocurrency”