The petro symbol stock market: PTR is a cryptocurrency or Venezuelan digital currency, based on the technology of the block chain and backed by the reserves of various natural resources of Venezuela such as oil, gold, diamonds and gas. Petro would be backed by a barrel of oil from the Venezuelan crude oil basket. It would be a partially preminated currency with future mineable emissions.
Among the basic characteristics of the petro, are:
1- State support for reserves of natural resources such as oil, gas, gold and diamonds
2- Possibility of international transactions
3- The registration of digital transactions of the currency is done through the Blockchain Observatory of Venezuela, an agency attached to the Ministry of University Education, Science and Technology, 3 and receives advice from OnixCoin, a Venezuelan company that founded its own cryptocurrency in the past.
According to article 4 of Decree No. 3.196 published in the Official Gazette, a petro is equivalent to a "purchase-sale contract for one (1) barrel of oil from the Venezuelan crude oil basket or any commodities (raw material) decided by the Nation ".4 On December 27, 2017, five billion barrels of oil from Block Ayacucho I of the Orinoco Oil Belt were approved as a support for the petro.9 Gold and diamonds from the Orinoco mining arch will also be certified.
4- Maintains encrypted mathematical algorithms that do not allow the interception of agents external to yours
Electronic transactions are made without intermediaries, are immediate and do not generate commissions.
5- Can be exchanged through virtual exchange houses.
6- It can be used for payments related to the national government, such as: taxes, obligations, taxes, contributions and national public services.
7- It is a partially pre-paid critpomoneda, so the following issues will be mineable in order to have control of all currencies under an initial auction-style currency (ICO ).6 The petro may be undermined by Venezuelan citizens with the use of common computers without special features.
8- The sale of the petro is done through tokens or digital tokens, which can be exchanged for petros in the future and will be available in all electronic exchange houses around the world.
NOW the petro will be the tool for liberal to our country of the deep economic crisis that attacks us or emerges as the cryptocurrency that will revolutionize the world as well as the bitcoin that YOU OPINION .......!