Home / Ethereum / Dash copied in glossy paper from Venezuela, Petro White Paper "Blatantly"

Dash copied in glossy paper from Venezuela, Petro White Paper "Blatantly"



The state-owned Venezuelan cryptocurrency Petro apparently plagiarized some parts of his white paper from Dash's GitHub repository. The main developer of Ethereum Joey Zhou stressed it in a Tweet published Tuesday 2 October.

Zhou tweeted that Petro, who has just been officially launched by President Nicolas Maduro, is "a clone of clamorous Dash". To illustrate this, he posted a link to the Venezuelan currency white paper, which had an exact copy of an image from the Dash repository on Github.

An image from the Dash repository on Github, added to p. 11 of Petro's white paper with an added title in Spanish. Screenshot: Cointelegraph

The image of the "clone" is not the only thing that Petro has apparently borrowed from Dash. The technical description of the coin says it will use the X11 Proof-of-Work (PoW) mining algorithm, the same that is used by Dash.

While many cryptocurrencies use common cryptographic algorithms, such as Bitcoin's SHA-256, Petro also uses "nodos maestros" or masternodes – a well-known mechanism used by Dash to regulate its own ecosystem.

The last but not the least of coincidences is Instant Send – the Dash mechanism for fast transactions and also one of Petro's most important features, as for its white paper:

"One of Petro's most important features is the instantaneous sending (less than 5 seconds) of transactions, which represents an innovative approach and the significant impact of Petro compared to existing cryptocurrencies."

The news comes shortly after the Venezuelan president announced the official sale of Petro, which should begin on November 5th.

Maduro also said that the cryptocurrency supported by oil is about to start negotiating on six major crypto-exchanges. However, at the time of printing, it has not yet been listed on any of the larger trading platforms like Binance, OKEx and Huobi, according to CoinMarketCap.

In early August, Ryan Taylor, CEO of Dash Core Group, said Venezuela became the second market for Dash. According to Taylor, almost one hundred merchants in Venezuela begin to accept the currency every week, partly due to the rapid devaluation of the bolivar, the official currency of the nation.


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