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 | zkVerify |
Consensus Mechanism | zkVerify uses a Tendermint‑based Nominated Proof‑of‑Stake (nPoS) consensus model with a slot time of six seconds, epochs lasting one hour, and eras of six hours. Validators maintain block production and finalization, while the protocol supports a modular design for efficient state verification across chains. |
Incentive Mechanisms and Applicable Fees | The native token (VFY) is used to pay for proof‑verification services and transaction submissions. Validators stake VFY to secure the network and earn rewards. The fee market uses an adaptive structure, dynamically adjusting for network demand, and reward mechanisms align validator incentives and governance participation. |
Beginning of the period | 2025-01-16 |
End of the period | 2026-01-16 |
Energy consumption | 28119.60000 (kWh/a) |