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Austria based and European regulated crypto & securities broker platform
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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 | Boba Token |
Consensus Mechanism | Boba Token is present on the following networks: Boba Network, Ethereum. Boba Network operates as an Ethereum Layer 2 solution using an Optimistic Rollup architecture to improve scalability and reduce transaction costs. Core Components: Optimistic Rollup: Processes transactions off-chain, aggregates them, and submits condensed proofs to the Ethereum mainnet for finalization. Sequencer Role: A sequencer organizes and bundles transactions off-chain before submitting the batched data to Ethereum. This enhances transaction throughput and reduces latency. Fraud Proofs: Maintains security by allowing users to challenge suspicious transactions. If a transaction is deemed fraudulent, it is corrected on the mainnet, ensuring integrity. The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency. |
Incentive Mechanisms and Applicable Fees | Boba Token is present on the following networks: Boba Network, Ethereum. The Boba Network incentivizes participation and ensures affordability with flexible fee payment options and staking rewards. Incentive Mechanisms: Staking Rewards: BOBA token holders can stake their tokens to participate in governance and earn staking rewards, encouraging long-term engagement and network growth. Sequencer Revenue: The sequencer earns fees for bundling and submitting transactions, incentivizing efficient network operation. Applicable Fees: Dual-Fee Token System: Users can pay transaction fees in BOBA tokens or the base blockchain token (e.g., ETH), offering flexibility. Low Transaction Costs: By batching transactions off-chain, Boba significantly reduces the gas fees users pay compared to directly using the Ethereum mainnet. The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity. |
Beginning of the period | 2024-09-14 |
End of the period | 2025-09-14 |
Energy consumption | 19786.21278 (kWh/a) |