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 | XDB CHAIN |
Consensus Mechanism | The XDB Chain employs the Federated Byzantine Agreement (FBA) protocol, a trust-based consensus mechanism designed for energy efficiency, scalability, and security. Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) systems, FBA leverages trusted relationships between nodes to validate transactions, enabling high transaction throughput with minimal computational requirements. Core Components: Trust-Based Validation: Nodes maintain a list of trusted peers, influencing their decisions in consensus. Transactions require agreement from a quorum of these trusted nodes for validation. Energy Efficiency: The FBA protocol operates with minimal computational power, allowing nodes to run on standard systems. This design significantly reduces energy consumption compared to PoW-based networks. Security and Integrity: Network security is ensured through the vested interests of ecosystem partners running nodes. These partners are naturally incentivized to maintain the network's integrity. Transaction Speed and Scalability: The trust-based validation enables rapid transaction processing and high throughput, making XDB Chain highly scalable and efficient. |
Incentive Mechanisms and Applicable Fees | The XDB Chain incorporates an incentive and fee structure designed to reward ecosystem participants while maintaining cost efficiency and sustainability. Its approach aligns with the network's emphasis on scalability, energy efficiency, and eco-consciousness. Incentive Mechanism: Node Operator Incentives: Partners operating nodes are motivated by their vested interests in the ecosystem. These trusted nodes contribute to network security and integrity, ensuring smooth operation and high performance. Node operators may also benefit indirectly through their ecosystem involvement, such as enhanced brand visibility or streamlined blockchain-based processes. Ecosystem Growth Rewards: Incentives for participants focus on fostering long-term ecosystem growth rather than direct token rewards. Benefits include reduced energy costs and seamless integration with existing corporate frameworks. Applicable Fees: Transaction Fees: Fees on the XDB Chain are minimal due to the network's high efficiency and throughput. These fees are used to cover operational costs and ensure sustained performance. Fee Transparency: Users are charged transparent and predictable fees, which are aligned with the XDB Chain’s emphasis on cost-effectiveness, making it attractive for enterprise-level adoption. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 13140.00000 (kWh/a) |