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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | babylon |
Consensus Mechanism | Babylon is a Cosmos SDK-based blockchain that utilizes a Tendermint-style Byzantine Fault Tolerant (BFT) Proof-of-Stake consensus mechanism. Validators are selected based on the amount of BABY tokens staked, and are responsible for proposing and validating new blocks in a round-robin process. Finality is achieved after a fixed number of confirmations, and slashing conditions are in place to penalize faulty or malicious validator behavior. |
Incentive Mechanisms and Applicable Fees | Babylon uses the native BABY token to incentivize network participation and governance. Validators earn rewards for securing the network by validating transactions and producing blocks, with rewards consisting of transaction fees and newly minted tokens. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 40208.40000 (kWh/a) |