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 | Vana |
Consensus Mechanism | Vana utilizes a unique consensus mechanism designed to ensure the secure and fair validation of data contributions. The network operates with two types of validators: L1 Validators, responsible for maintaining the blockchain's security using Proof of Stake, and Satya Validators, who validate data within DataDAOs using Trusted Execution Environments (TEEs). This dual-validator approach ensures that both the blockchain’s integrity and the accuracy of data are upheld. |
Incentive Mechanisms and Applicable Fees | Vana’s incentive structure is designed to reward participants who contribute to securing the network and validating data. Validators, both L1 and Satya, earn VANA tokens as incentives for their active participation in maintaining the blockchain’s integrity and validating data contributions. Users can also participate by staking VANA tokens to earn rewards and further support the network. The fee structure is designed to be minimal and dynamic, with transaction fees and data validation fees being paid by users. |
Beginning of the period | 2024-09-14 |
End of the period | 2025-09-14 |
Energy consumption | 199071.00000 (kWh/a) |