The gap between blocks 411 and 412 was 16.6 hours again.
Every day for the last three days there has been 16-25 hour gaps.
On the good side, blocks 412-425 averaged 14 minute blocks.
That would mean best case confirmation times are 70 minutes and worst case is 2 days with block 400 on 11/2 to block 404 on 11/4.
I'm really glad they are publishing their blockchain explorer info now. Finally some reality in this story. This is much better than news with no substance.
dude ¿don't you read? petro is not fully working, it's in early stages.
right now they are only registering buyers, creating their wallets and sending petros to those wallets.
no high volume, no trading, no transactions between wallets.
the last three days was weekend.
maybe they were working on it and the blockchain was paused a few times.
¿blockchains continue making blocks without transactions?
Why offer Petros at all? Can't he just sell the oil for $80K BTC?
because the new venezuelan economy will be based on petros backed by venezuelan natural/mineral reserves.
the venezuelan government won't do that with a foreign currency that they can't control and backed by thin air like BTC.
it's something called sovereignty.
and BTC price fluctuate too much due to speculation.