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 | Saga |
Consensus Mechanism | Saga is a Layer-1 protocol built on the Cosmos SDK, utilizing a Proof of Stake (PoS) consensus mechanism facilitated by the CometBFT (formerly Tendermint) consensus engine. Validators are selected based on the amount of SAGA tokens staked, with the top validators by voting power becoming active participants in the consensus process. These validators commit new blocks to the blockchain by broadcasting votes with cryptographic signatures, ensuring the network's security and transaction finality. |
Incentive Mechanisms and Applicable Fees | In the Saga ecosystem, developers can deploy dedicated blockchains, known as Chainlets, with ease. End-users pay transaction fees to Chainlet developers, who in turn pay gas fees to the Saga mainnet. This structure grants developers flexibility in determining how end-user transaction fees are utilized. Gas fees can be paid with SAGA tokens or other tokens such as ETH or USDC, providing adaptability in fee management. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 262800.00000 (kWh/a) |