The Petro Versus Bitcoin.
Currently, the Bitcoin cryptocurrency is the best known, hence the need to compare it with the nascent cryptoactive Petro, which, even though it is in the pre-sale process, already has a glimpse of its success. Next, the comparison is made:
|Cryptoactive and cryptocurrency. It is a virtual asset that is generated through a computer code based on blockchain technology.
|Take advantage of the best of internet and mathematics to allow money transactions between countries and people without anyone being able to intervene or manipulate them.|
|The price of Petro will be related to the international price of gold, gas, oil and diamonds. Currently the price of a barrel of oil is 60 $
|Its value depends on market speculation. Its price is determined by the supply and demand of individuals who attribute credibility as a store of value|
|The Petro will be centralized by an intermediary, in this case the government of Venezuela. Which gives it an advantage that does not depend on the financial market speculation||Fully decentralized. It does not belong to anyone, it is not regulated by governments, banks or investment funds. It offers confidentiality, gives privacy, is a means of decentralized exchange, the monetary issue is given in a much more limited way.|
|Backed by 5.342 million barrels of crude from the Orinoco Belt, a reservoir of heavy oil in the east of the country. The Petro can generate confidence in new investors by having a value backed by mineral assets||Backed by the trust of the user community. Users attribute a virtual exchange value to it and it is used to accumulate and transfer value. Does not have any physical-material support|
|They are virtual means of payment|
|They are generated by complex computer calculation processes, known as blockchains|
|The Exchange Houses regulated by the Superintendence of Cryptoactives will be the infrastructure for the secondary negotiation of the cryptoactive Petro.||Operates outside the formal financial system, the Central Banks and Commercial Banking.|
|Venezuela is the most economical place in the world in electricity to mine the Petro. The process costs approximately 530 dollars, a consumption of 560 Amp plus refrigeration and conditioning was calculated.||The global electricity consumption related to bitcoin mining for one year is 48.5 terawatt-hours (TWh), according to Digiconomist.com. With 48.5 TWh (representing 0.22% of world consumption) the electricity demand of 4.5 million American households can be met.|
|The pre-sale began with the creation of 100 million cryptoactive Petro’s,||Its limit is 21 million Bitcoins, therefore it will not exceed 21 million on May 7, 2140 when the last one will be issued.|
|Venezuela has a 1.9 Mbps connection, one of the slowest in the world.||The average speed of the Internet in the world is 3.3 Mbp
|According to the President of the Bolivarian Republic of Venezuela Nicolás Maduro: The Petro currency has received a total of 171,015 certified purchases (40.8% in dollars, 6.5% in euros, 18.4% in ethereum, 33, 8% in bitcoins and 0.2% in yuan).||Current purchase price 1 Bitcoin = 11485,41 Dollars
Sale price of 1 Bitcoin = 11485,41 Dollars
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.