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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 | Monad |
Consensus Mechanism | Monad uses a custom Byzantine Fault Tolerant protocol called MonadBFT to achieve network-wide agreement on transaction ordering and block proposals. Consensus proceeds with asynchronous coordination across validators, decoupling transaction execution from block ordering to increase throughput. |
Incentive Mechanisms and Applicable Fees | The native token MON is used to pay network transaction (gas) fees, which compensate validators for including and processing transactions. |
Beginning of the period | 2025-01-12 |
End of the period | 2026-01-12 |
Energy consumption | 53348.40000 (kWh/a) |