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 | Shimmer |
Consensus Mechanism | Shimmer operates on a Directed Acyclic Graph (DAG) structure and utilizes the Parallelized Tangle consensus mechanism, designed to support scalability, low fees, and seamless integration for Web3 applications. Core Components: Directed Acyclic Graph (DAG): Unlike traditional blockchains, Shimmer uses a DAG structure where transactions reference and validate multiple prior transactions. This eliminates the need for sequential block production, enabling high throughput and parallel processing. Parallelized Tangle: Shimmer’s Tangle architecture facilitates decentralized and scalable consensus by allowing all nodes to confirm transactions directly. This distributed approach ensures quick transaction validation without the need for miners or block producers. Validation by Weighted Consensus: Transactions are validated based on a weighted consensus, determined by participants' trust scores and activity. Nodes prioritize transactions with higher cumulative approval, achieving consensus in a decentralized manner. Finality through Marker-Based Protocol: Shimmer introduces a marker-based finality mechanism, enabling reliable confirmation of transactions and ensuring data integrity across the network. |
Incentive Mechanisms and Applicable Fees | Shimmer operates without traditional mining or staking rewards, focusing on network efficiency and accessibility. Its incentive model encourages active participation and integration with Web3 applications. Incentive Mechanism: Participation-Based Incentives: While Shimmer does not have native staking or mining rewards, developers and users are incentivized to contribute to the ecosystem through grants and community-driven initiatives, fostering innovation and growth. Ecosystem Development Grants: The Shimmer ecosystem provides funding and support for projects that enhance the network, incentivizing developers to create dApps, tools, and integrations. Third-Party Incentives: Shimmer enables integrations with external protocols or applications that can implement their own reward structures, such as staking or liquidity incentives, for users interacting with their platforms on Shimmer. Applicable Fees: Transaction Fees: Transactions on the Shimmer network are designed to be fee-less under normal conditions, aligning with the goal of accessibility and affordability for users. Smart Contract Fees: For interactions with smart contracts or more complex transactions, minimal fees may apply. These fees are determined by the resource requirements of the operation, ensuring fairness and preventing spam. Dynamic Resource Allocation: The network dynamically adjusts resources to maintain efficiency and scalability, ensuring fees remain minimal even as usage scales. |
Beginning of the period | 2024-09-10 |
End of the period | 2025-09-10 |
Energy consumption | 7095.60000 (kWh/a) |