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 | scroll |
Consensus Mechanism | Scroll utilizes a Zero-Knowledge Rollup (ZK-Rollup) consensus mechanism built on top of Ethereum's Layer 1 blockchain. ZK-Rollups bundle multiple transactions into a single batch, generating a cryptographic proof (known as a validity proof) to verify the correctness of all transactions in the batch. This proof is then submitted to the Ethereum mainnet, ensuring the integrity and security of the processed transactions. The mechanism offloads computation and storage from Layer 1 while relying on Ethereum's security guarantees for finality. |
Incentive Mechanisms and Applicable Fees | The Scroll network's incentive structures revolve around transaction processing and the maintenance of zk-provers, which are responsible for generating validity proofs. Users pay transaction fees to have their operations included in the network, and these fees cover the computational and storage costs associated with batching and proving transactions. Fees may fluctuate based on the complexity of transactions and network usage. Validators and operators of zk-provers receive compensation to ensure the continued functionality and security of the rollup mechanism. |
Beginning of the period | 2024-09-14 |
End of the period | 2025-09-14 |
Energy consumption | 20235.60000 (kWh/a) |