Venezuela’s Oil-Backed Petro Appears to Be a ‘Blatant’ Copy of Dash
https://www.ccn.com/venezuelas-oil-backed-petro-appears-to-be-a-blatant-copy-of-dash/
https://www.ccn.com/venezuelas-oil-backed-petro-appears-to-be-a-blatant-copy-of-dash/
Quote
In the document, the government explains the cryptocurrency will use the X11 mining algorithm, just like Dash does, and will include an “Instant Send” feature that, per the whitepaper, is active by default.
While the Instant Send feature is present in Dash, Venezuela touts it’s one of Petro’s “most important characteristics.”
While the Instant Send feature is present in Dash, Venezuela touts it’s one of Petro’s “most important characteristics.”
Very interesting. I was wondering how they can handle it when their country currency suddently takes minutes for each transfer.
Takeing the InstantSend feature form DASH and makeing it a default on is a very logical choose. You can't have a real country currency when it is not instant transferable.
That InstantSend feature is why DASH has very good cards for global adaptions.
I just hope they dont run into limitations with making everything InstantSend by default. For example i seem to remember with Dash that you need at least one proof of work confirmation when you receive an InstantSend transaction
and you want to send the (still locked) input amount further through another InstantSend transaction.
Trying to remember what the limits were.. I thought it was to do with how much capacity quorums use to lock the transaction, there are a few extra messages need to be sent per transaction. And longer living quorums is part of the way to grow that capacity.
Anyway I'm sure petro will be able to copy and paste again once Dash solves the problem for them
