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 | PEAQ |
Consensus Mechanism | The peaq blockchain operates on a modified version of the Nominated Proof of Stake (NPoS) consensus mechanism. In this system, validators are responsible for block production and transaction validation, while nominators support trustworthy validators by staking their tokens. The mechanism is designed to balance decentralization and performance, selecting validators based on their stake and reputation. It emphasizes security and scalability, ensuring resistance to malicious actors while maintaining high throughput. |
Incentive Mechanisms and Applicable Fees | peaq’s economic model is tailored to support the machine economy through its native tokens, $PEAQ and $MINT. Validators and nominators earn rewards for their contributions to network security and operations, incentivizing active participation in the consensus process. The network also rewards users and devices participating in machine-driven ecosystems, fostering innovation and engagement. Transaction fees are designed to be minimal, enabling seamless microtransactions and accessibility for various use cases. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 24966.00000 (kWh/a) |