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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 | Dock |
Consensus Mechanism | The Dock Blockchain operates on Substrate, a modular framework also used in the Polkadot ecosystem. The blockchain employs a hybrid consensus mechanism, which separates the processes of block production and block finality. Blocks are proposed and added to the chain by validators, leveraging Substrate's Proof-of-Authority (PoA) or Proof-of-Stake-based mechanisms for block production. Finality is achieved using GRANDPA (GHOST-based Recursive ANcestor Deriving Prefix Agreement), which ensures that finalized blocks are irreversibly written to the blockchain. This separation of duties between block production and finality enhances both the efficiency and security of the network. |
Incentive Mechanisms and Applicable Fees | The Dock Blockchain implements an incentive system designed to reward validators and delegators for securing the network. Validators earn rewards for producing blocks and validating transactions, while token holders who delegate their tokens to these validators receive a portion of the rewards based on their stake. Transaction fees are levied on all blockchain operations, including token transfers and interactions with Decentralized Identifiers (DIDs) or credentials. These fees are redistributed to validators and their delegators as part of the reward system, ensuring an economic balance within the network. |
Beginning of the period | 2024-09-13 |
End of the period | 2025-09-13 |
Energy consumption | 23652.00000 (kWh/a) |