Breaking News
Tell General Mills To Reject GMO Wheat!
Climate Scientists declare the climate "emergency" is over
Trump's Cabinet is Officially Complete - Meet the Team Ready to Make America Great Again
Former Polish Minister: At Least Half of US Aid Was Laundered by Ukrainians...
Top Tech News
Forget Houston. This Space Balloon Will Launch You to the Edge of the Cosmos From a Floating...
SpaceX and NASA show off how Starship will help astronauts land on the moon (images)
How aged cells in one organ can cause a cascade of organ failure
World's most advanced hypergravity facility is now open for business
New Low-Carbon Concrete Outperforms Today's Highway Material While Cutting Costs in Minnesota
Spinning fusion fuel for efficiency and Burn Tritium Ten Times More Efficiently
Rocket plane makes first civil supersonic flight since Concorde
Muscle-powered mechanism desalinates up to 8 liters of seawater per hour
Student-built rocket breaks space altitude record as it hits hypersonic speeds
Researchers discover revolutionary material that could shatter limits of traditional solar panels
ETH or NEM? The Confusion Surrounding Venezuela's 'Petro' Token Blockchain
Venezuelan leader Nicolás Maduro has stated that the government already netted $735 million from the token' sale, without backing his claim with any evidence.
The Petro is set to be used to pay taxes, fees, and other public needs, as well as in international deals, particularly those related to oil. 84.2 billion tokens will be disbursed, out of the 100 million ordered by Maduro. The country's opposition-run congress has criticized the cryptocurrency's sale as an "illegal and unconstitutional" instrument to illegally mortgage the country's oil reserves, yet investors are still seemingly pouring in.
Earlier this month, citing the project's whitepaper, CCN reported that the Petro is an Ethereum-based ERC-20 token that's set to have a private presale. According to the whitepaper found on the project's official website, hosted by the country's Ministerio del Poder Popular para Educacion Universitaria, Ciencia e Tecnologia (MPPEUCT), that report was correct.
The whitepaper reads (roughly translated):