Cryptocurrencies: Did Venezuela Just Hardfork Petro To Challenge Bitcoin Dominance?

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.

Author: OzoIgboNdu1 of Igbo Defender

I am Igbo prince. Onye Igbo ka m bu!

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