{"id":529,"date":"2022-02-18T06:56:09","date_gmt":"2022-02-18T06:56:09","guid":{"rendered":"https:\/\/stellarwallet.co\/arts\/?p=529"},"modified":"2025-04-18T14:53:29","modified_gmt":"2025-04-18T14:53:29","slug":"stellar-and-ripple-new-imf-document","status":"publish","type":"post","link":"https:\/\/stellarwallet.co\/arts\/stellar-and-ripple-new-imf-document.html","title":{"rendered":"Stellar (XLM) and Ripple (XRP) are mentioned in a new IMF document"},"content":{"rendered":"<h2><strong>Stellar and Ripple appeared in the IMF document<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">XRP has always been a cryptocurrency that has caused much debate, <\/span><b>discussion and even mystical interpretation<\/b><span style=\"font-weight: 400;\">s. Regardless of how you feel about it, there has been a lot of information coming out lately that makes you feel like you are part of a conspiracy theory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The World Bank recently published a report naming Ripple and Stellar as stablecoins, and now members of the XRP community have turned their attention to another document.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most recently, on January 26, 2022, the <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/International_Monetary_Fund\" rel=\"dofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">International Monetary Fund<\/span><\/a><span style=\"font-weight: 400;\"> (IMF) released a document, <\/span><b>Blockchain Consensus Mechanisms, a primer for global supervisors<\/b><span style=\"font-weight: 400;\">. The gist of the document is that it describes the differences between PoW, PoS, DPoS and fBFT <\/span><b>(Stellar and Ripple are given as examples<\/b><span style=\"font-weight: 400;\">), and provides guidance to supervisors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The document was spotted by a Twitter user, and he went on to write the following important points about the document in his <\/span><a href=\"https:\/\/twitter.com\/UtilityTheory\/status\/1490181524410417155?ref_src=twsrc%5Etfw\" rel=\"dofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-530 size-full\" src=\"https:\/\/stellarwallet.co\/arts\/wp-content\/uploads\/2022\/02\/stellar-mvf-intext-picture.jpg\" alt=\"twitter post\" width=\"610\" height=\"362\" title=\"\" srcset=\"https:\/\/stellarwallet.co\/arts\/wp-content\/uploads\/2022\/02\/stellar-mvf-intext-picture.jpg 610w, https:\/\/stellarwallet.co\/arts\/wp-content\/uploads\/2022\/02\/stellar-mvf-intext-picture-300x178.jpg 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Conclusions from the document that are noteworthy:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Blockchain BTC. PoW is the most popular consensus mechanism, but it has significant drawbacks. A safe and resilient consensus generation method is PoW, but it consumes a significant amount of power and can be slow and expensive at times of high network traffic.<\/span><\/li>\n<li><b>Consensus mechanisms should not harm or interfere with the global goal of moving to a LOW-carbon economy.<\/b><span style=\"font-weight: 400;\"> Energy-intensive methods pose an unacceptable risk to financial stability and societies.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The IMF has stated that the financial sector plays an important role in combating climate change and seeks to support climate risk reduction and mitigation.<\/span><\/li>\n<li><b>The IMF states that PoW has the potential to lead to centralization.<\/b><span style=\"font-weight: 400;\"> As mathematical puzzles become more complex, more computing power is required to solve them. Given the high costs, such technology is only available to certain individuals or entities or mining pools.<\/span><\/li>\n<li><b>IMF&#8217;s view of PoS: PoS is built as an outdated system for enriching the already wealthy.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">DPoS. The benefits of DPoS include energy savings, greater decentralization, and greater democratization. DPoS promotes greater democratization, decentralization, and can have positive results for regulated payment or trade finance activities.\u00a0\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">FBFT is Fast Byzantine Fault Tolerance, which aims to solve centralization problems with greater scalability. Well-known use cases: <\/span><a href=\"https:\/\/stellarwallet.co\/arts\/ripple-vs-stellar-what-choose.html\"><span style=\"font-weight: 400;\">Ripple and Stellar<\/span><\/a><span style=\"font-weight: 400;\">. Has the following characteristics: Membership is open and control is decentralized and provides high efficiency for retail payments, wholesale settlements and other functions.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The IMF considers PoW to be too energy intensive. PoW&#8217;s significant energy consumption, branching nature, and attendant probabilistic settlement issues can cause friction with many regulatory frameworks, regulatory mandates, and (BFA).<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Regulators should consider the consequences of different consensus mechanisms in terms of regulation, oversight, and consider an INDEPENDENT approach to TECHNOLOGY.<\/span><\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Ripple XRP | IMF DOCUMENT MENTIONS RIPPLE AND STELLAR !!! BULLISH NEWS\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/ESs3rsxuxas?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Stellar and Ripple appeared in the IMF document XRP has always been a cryptocurrency that has caused much debate, discussion and even mystical interpretations. Regardless of <a class=\"mh-excerpt-more\" href=\"https:\/\/stellarwallet.co\/arts\/stellar-and-ripple-new-imf-document.html\" title=\"Stellar (XLM) and Ripple (XRP) are mentioned in a new IMF document\">&#8230;<\/a><\/p>\n<\/div>","protected":false},"author":4,"featured_media":531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-529","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stellar-news"},"_links":{"self":[{"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/posts\/529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/comments?post=529"}],"version-history":[{"count":4,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/posts\/529\/revisions"}],"predecessor-version":[{"id":724,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/posts\/529\/revisions\/724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/media\/531"}],"wp:attachment":[{"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/media?parent=529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/categories?post=529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stellarwallet.co\/arts\/wp-json\/wp\/v2\/tags?post=529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}