Regulated
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 | Partisia |
Consensus Mechanism | Partisia Blockchain employs a unique Hybrid Proof-of-Stake Model that combines Byzantine Fault Tolerance (BFT) and Secure Multi-Party Computation (MPC) to deliver scalability, privacy, and security. Core Components: Hybrid Consensus Model: Combines BFT for transaction validation and finality with MPC for secure and privacy-preserving computations. Ensures that nodes reach consensus on transactions even in the presence of malicious or faulty participants. Byzantine Fault Tolerance (BFT): Used for block creation and validation, ensuring the network remains operational and secure as long as less than one-third of nodes are compromised. Provides fast finality, reducing the risk of chain reorganizations. Secure Multi-Party Computation (MPC): Allows the network to process and compute sensitive data securely without revealing individual inputs, enabling privacy-preserving smart contracts and computations. Node Roles: Validator Nodes: Participate in consensus, validate transactions, and secure the network. MPC Nodes: Handle secure computations, ensuring privacy while maintaining decentralized trust. |
Incentive Mechanisms and Applicable Fees | Partisia Blockchain’s incentive model aligns network participation with scalability and privacy needs, rewarding node operators and participants while maintaining cost efficiency. Incentive Mechanism: Validator Rewards: Validators earn MPC tokens for validating transactions and securing the network. Rewards are distributed based on participation in consensus and overall network performance. MPC Node Rewards: Nodes participating in Secure Multi-Party Computation (MPC) receive additional incentives for handling privacy-preserving computations. Rewards ensure reliable processing of secure computations while maintaining data confidentiality. Staking Rewards: Token holders can stake MPC tokens to support validators and MPC nodes, earning a share of network rewards. Encourages long-term commitment and strengthens network security. Applicable Fees: Transaction Fees: Users pay transaction fees in MPC tokens for processing transactions and interacting with smart contracts. Fees are designed to be low and predictable, supporting widespread adoption and scalability. MPC Service Fees: Applications leveraging MPC functionality incur additional fees to compensate nodes for privacy-preserving computations. Dynamic Fee Structure: Fees are adjusted dynamically based on network demand, ensuring affordability while preventing congestion. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 78840.00000 (kWh/a) |