600+ cryptoassets
Buy, sell or swap cryptoassets from the UK's widest range of cryptoassets, including crypto indices and staking.
Learn more
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 | nillion |
Consensus Mechanism | Nillion introduces a fundamentally different architecture compared to traditional blockchains by eliminating the need for consensus-based validation of every transaction. Instead of using mechanisms like Proof of Work or Proof of Stake, Nillion employs cryptographic frameworks such as Secure Multi-Party Computation (MPC) and Homomorphic Encryption to distribute and process data. |
Incentive Mechanisms and Applicable Fees | The Nillion network uses its native utility token, NIL, to incentivize and sustain participation across various layers of the system. Users pay with NIL tokens for services such as private computation and data storage, ensuring access to the network's privacy-enhancing capabilities. Participants who contribute to the network’s operations—such as node operators—can stake NIL tokens to support network security and performance, receiving staking rewards proportional to their contribution. |
Beginning of the period | 2024-09-11 |
End of the period | 2025-09-11 |
Energy consumption | 170294.40000 (kWh/a) |