New IMF Document Released Jan 26, 2022.

Blockchain Consensus Mechanisms - A primer for global IMF supervisors.
Differences between PoW, PoS, DPoS, & fBFT ($XRP $XLM)

#XRP #XLM Mentioned! #regulated #research #blockchain #DLT #XRPCommunity
--Thread of important quotes--
1. This is a very important document as the IMF represents a consortium of 190 countries and pushing for carbon-neutral countries by 2030.

They are sharing their views in which supervisors around the world will read and use this information to help form their opinion.
2. If you want a video overview I took 4 hours to edit and record this full document overview.

Timestamps and info are in the thread / Video description to make things easier as well!

#XRP #XLM #Cryptocurrency #XRPCommunity #XRPARMY

3. BTC Blockchain - PoW is the most popular consensus mechanism, but it suffers from significant drawbacks. PoW is a secure and resilient method of forming consensus, but it consumes significant energy and can be slow and expensive during times of high network traffic
4. Authorities should also consider
• A technology-neutral / agnostic approach
• Upskill supervisors
• Participate in TechSprints and regulatory sandboxes & deeper public-private collaboration via formal reviews
@secgov Did u not get invited to the sandboxes?? 😂

#XRP
@SECGov 5. Difference between Technology Neutral / Technology Agnosticism

Explanation of what consensus mechanisms are

Definitions of blockchain terminology

#blockchain #DLT #PoW #PoS #DPoS #fBFT #crypto #regtech #IMF
@SECGov 6. Layers of a Blockchain Network

•Distributed ledgers are considered Byzantine Fault Tolerant if they have 1 consistent and honest ledger and that distributed participants can come to an agreement to solve such problems and ensure agreement.

#XRP #XLM #blockchain #technical
@SECGov 7. @IMF WARNING: Consensus mechanisms should not harm or interfere with the global aim to transition to a LOW Carbon economy

Energy Intensive methods present unacceptable risks to financial stability and society

Mentions Sweden PoW Ban Report
Sign of Attack on #PoW coming soon?
@SECGov @imf 8. Public & Private Blockchains

Public - Less susceptible to cyber-attacks / operational failures.

#Blockchain #DLT #Finance #IMF #News #Crypto #CryptoNews #RegulatedContent #Finance #Update
@SECGov @imf 9. This is where it starts to get interesting🔥

🚨The IMF has set out that the financial sector has an important role to play in the fight against climate change and seeks to support reductions in climate change risk and mitigate the impact of adverse climate events🚨

BTC 7 TPS
@SECGov @imf 10. IMF says PoW is seen to be potentially centralizing
As mathematical puzzles become increasingly complex, more powerful computing power is needed to solve them. Given the large cost involved, such technology is available only to certain individuals or entities, or mining pools
@SECGov @imf 11. IMF view on PoS $ETH #RichGetRicher #Robbery 😱

PoS is built like the legacy system to enrich the already wealthy.

"We" Know B.H. @SecGov The @IMFNews Just told us why you guys are giving a #freepass to #ETH haha😉

#Corruption #XRP #NotASecurity #Flashboys #GasProblems
@SECGov @imf @IMFNews 12. DPoS - Benefits of DPoS include energy savings, greater decentralization, and promotes great democratization.

DPoS promotes greater democratization, Decentralization, and can create positive outcomes for regulated activities in payments or trade finance 😉
@SECGov @imf @IMFNews 13. fBFT is a Byzantine Fault Tolerant C.M. that aims to solve issues of centralization with greater scalability
$XRP $XLM Referenced
✔ Membership is open & control is decentralized
✔ BFT creates large efficiencies for retail payments, wholesale settlements, and other functions
@SECGov @imf @IMFNews 14. @IMFNews says PoW is too Energy Intensive e considered a viable consensus mechanism involving many regulated financial services activities
🚨 It runs counter to several of the IMF’s aims, particularly those that involve transitioning to a greener economy🚨
#BTC #PoW #Uhoh 👇
@SECGov @imf @IMFNews 15. PoW significant energy consumption, the nature of forking, and the attendant
issues around probabilistic settlement are likely to create friction with many regulatory frameworks, regulatory mandates, and the (BFA)

imf.org/en/News/Articl…

#AttackonPoW #Incoming #BTC #BeReady
@SECGov @imf @IMFNews 16. I believe these are the emerging financial standards across institutions the IMF talks about in the document ISO20022 & ISO TC 307.

#banking #finance #regtech #fintech #upgrade #system #newera #digitalization #standards #DLT #Carbonneutral #PoW
@SECGov @imf @IMFNews 17. Regulatory authorities should consider the implications of different consensus mechanisms in terms of
regulation, supervision and consider a TECHNOLOGY AGNOSTIC approach *Cough Tag the @SECGOV*

I think the SEC is just grumpy they were never invited to the big boy sandboxes
@SECGov @imf @IMFNews 18. Please note, I am technology-agnostic and cheer for $BTC as it's the grandfather of the blockchain markets.

I am just interpreting the IMF's views from my perspective. As I write on regulated DLT content.

I hope you enjoyed my highlighted notes of this IMF document! #DLT
@SECGov @imf @IMFNews 19. This was my notes from the Swedish Financial Authority's suggested ban on #PoW.

Could be nothing but something to be aware of

Released Nov 2021

#BTC #Attack #From #Regulators #Warning

@SECGov @imf @IMFNews 20. If you got anything from this please like, RT and tag friends/influencers!

This document was released on Jan 26, 2022

It is meant for supervisors worldwide and I think everyone in the mainstream crypto markets needs to read this!

#Blockchain #News #DLT #RegTech
Additional proof to show the power of the IMF. #IMF 👀
Great mention by @Xanon24

I forgot about this interview!

@Ripple + @IMFNews 🤝

#XRPCommunity #XRP $XRP #DLT #Blockchain #Fintech #RegTech #Finance #Banking #Innovation

This is also an awesome mention that everyone should be aware of $FLR #FLR

Excited for the network to launch!

#smartcontacts #XRPL #finance #crypto #utility

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More from @UtilityTheory

Feb 4
Hey Citizens!

In 2 hours. I'm about to drop a full breakdown of a NEW 1-week old document released by the IMF!

IMF shares their opinions between PoW, PoS, DPoS, fBFT $XRP + $XLM

I've got 4 hours into reading, recording, editing and creating timestamps
55 min long Timestamps👇
Yes, it's another long one but there was so much important info. I break it down in timestamps so you can pick the parts you want to see to make it easier

Please when I drop this video share and tag influencers this information was just released to the public 1week ago $XRP $XLM
Read 10 tweets
Feb 1
Want to be in the top 1%?

Find the blockchain projects 99% aren't looking at.

I've done 1000s of hours of research on some of the best projects and compiled them into educational threads for other citizens to research

Here are some of my deep dives🌊

--Thread of Threads-- Image
My focus is on long-term utility blockchain/ DLT projects⛓

Not short-term meme coins

These threads will cover:

• CBDC's
• IoT + IoV
• Innovation
• Supply chain
• Data protection
• Paperless trade finance
• Cheap payment infrastructure
• Interoperability of DLT ledgers Image
Read 21 tweets
Jan 16
2021 Regulated Fintech Review:

$XDC Network joined the TFD Initiative to revolutionize global trade finance with Tier 1 Banks & SMEs

#Fintech #Banking #TFD_Initiative

Blockchain Technology for Cross Border Trade

@iccwbo @UNESCAP @ITFAworldwide

#MLETR #dDOC @tradefinglobal
@EnigioTime is changing trade finance & Swift with
Centralized to Decentralized File transfers📄

Settle in 2 seconds & .000001 centfee

They gonna help remove trillions of $ in costs due to untrackable paper in the supply chain by digitalizing documents

@tradefinglobal @swiftcommunity China Systems @FinastraFS @traydstream @ITFAworldwide

@EnigioTime they are using a quality solution people will be able to use for the digitalization of company invoices and documents!

#dDOC #MLETR #Nomorepaper #Digitalization #eBL
Read 9 tweets
Jan 16
As I asked Sparky to search into MLETR & he did!

So I will help explain why I ask FUDers to RESEARCH certain keywords to show you what they can come across

MLETR is a dDOC standard that is being implemented across the globe from the @iccwbo DSI Initiative

He found Tradetrust👏
This is a good start! @xrpSparky91011 👏

Perlin is a member of the MOI that is a part of Tradetrust

If he was to dig deeper he would find..

The ICC DSI Initiative supports two consortiums:

@tradetrust and the @ITFA DNI Initiative / TFD Initiative!👀
Read 10 tweets
Jan 15
Are you calling $XDC network a scam?

Then this thread is for you!

If you are, you are probably under-researched
or following some FUDsters that are 1 Coin MAXI's

Before continuing to talk down on a regulated network that's working with Tier 1 Banks

Please answer the ?'s below
Have you researched the following:
1. What is the ITFA?
2. What is Enigio?
3. What is the TFD Initiative?
4. What is the ITFA's DNI Initiative?
5. What token does the DASL bridge use for R3?
6. What is TradeFinex?
7. Who is ADGM?
8. @AndreCasterman is transforming capital markets
Please do yourself the favour and take an hour to research all those.

If you are not gonna take time to actually research the regulated connections behind $XDC then stop being a little kid and stop talking 💩

You have 2 options
1. Runaway and block us
2. Or write a response👇
Read 14 tweets
Jan 14
A thought-provoking question for everyone in the crypto community.

Why is $XRP & $XLM listed as stable coins by @WorldBank?

My idea is settlement fees and transfer times are stable (4 seconds + less than 1c fee) and for funds moving there is minimal fluctuation in 4 seconds
Compare 4 seconds to the broken correspondent banking system fees & exchange rates, which also take 5-7 days to settle. (That is not stable)

Example:
1. Send 1 million $
2. Bank has ledger with XRP / XLM
3. Sends tokens to other bank - 4 seconds
4. Receiving bank Converts 2 Cash
This ecosystem infographic of $XLM was created by the utility artist / deep researcher @XX_1133_1221_11

Make sure to check him out for his sweet contributions to the Utility crypto communities!

#Utility #researchers #Blockchain #4IR #Visualization
Read 4 tweets

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