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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 | Nimiq |
Consensus Mechanism | Nimiq uses a Proof-of-Stake consensus mechanism based on the Albatross protocol, a variant of Byzantine Fault Tolerant consensus. Validators are selected according to their staked tokens and produce blocks in epochs, with micro blocks and macro blocks used to structure block production and validator set updates. |
Incentive Mechanisms and Applicable Fees | Transaction fees on Nimiq are paid in the native token and are distributed to validators as part of their rewards. Validators and delegators earn staking rewards proportional to their stake and participation in the network. Fees and rewards are designed to support validator incentives and network operation. |
Beginning of the period | 2025-04-29 |
End of the period | 2026-04-29 |
Energy consumption | 20892.60000 (kWh/a) |