Cointelegraph is reporting that Venezuela’s government might have performed a hardfork on its cryptocurrency the Petro, in order to make it more attractive to Venezuelans who massively depend on rival cryptocurrency Bitcoin.
A hardfork is a blockchain programming process that often creates a new cryptocurrency.
For instance, the Bitcoin Cash is the result of a hardfork of Bitcoin by cryptocurrency progammers.
And the Hive blockchain is the result of a hardfork of Steem by dissatisfied community members of the Steem blockchain in reaction to the takeover by Tron’s Justin Sun.
A word of warning: Their are still so many tricksters in the cryptocurrency sector. If you must invest, it is advisable to invest only money you can afford to lose.