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Venezuela has officially launched what its President Nicolas Maduro says is the first government-backed digital currency “El Petro”, which experts and analysts consider as not that other as fraud and another attempt to circumvent sanctions and to disguise the failure to rebuild the ailing domestic economy. In recent months, Maduro has touted a new economic recovery plan that includes a new fuel pricing policy that will raise Venezuela’s super-cheap gas prices for the first time in two decades. The plan to mitigate the acute economic crisis also included the devaluation of the currency and the linking of new bolivars to oil. The official public sale of oil, which Venezuela says is supported by oil, natural gas, diamonds and gold, will begin on November 5, Maduro said. According to the Venezuelan authorities, “oil is an instrument for strengthening Venezuela’s economic stability and financial independence, combined with an ambitious and global vision of a freer, more balanced and f...

Today, Tron Foundation presented more detailed information about the Atlas project and plans for BitTorrent, as writes the portal prnewswire.com. TRON was acquired by BitTorrent in July 2018 along with their 100 mln active users. BitTorrent is an established peer-to-peer network with a well-developed and proven infrastructure, but only time will tell how well the cooperation will work. At the first stage, the team will connect BitTorrent to the Tron blockchain, which will allow using the TRX token in the platform’s operation, making it faster and better for hundreds of millions of users. In turn, according to Justin San, the Atlas project will be the basis for a new way of distributing content adapted to the world we live in today, while eliminating intermediaries and allowing content creators to distribute their creations directly to users. At the initial stage of the Atlas project, BitTorrent participants will be able to receive tokens to stimulate users, allowing BitTorren...