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 |
Coinmotion Oy |
| Relevant legal entity identifier |
743700PZG5RRF7SA4Q58 |
| Name of the crypto-asset |
Hive |
| Consensus Mechanism |
The HIVE blockchain utilizes a Delegated Proof of Stake (DPoS) consensus mechanism. In this system, HIVE stakeholders vote to elect a limited number of block producers, referred to as witnesses, who are responsible for validating transactions and producing new blocks. The voting process is weighted by the amount of HIVE tokens held, allowing token holders to influence the network's governance. Witnesses are selected in a round-robin manner to ensure block production fairness and minimize centralization risks. This mechanism prioritizes scalability and energy efficiency compared to traditional Proof of Work systems. |
| Incentive Mechanisms and Applicable Fees |
The HIVE blockchain employs a dual-token economic model consisting of HIVE and HIVE Power to incentivize participation. HIVE is a liquid cryptocurrency used for transactions and trading, while HIVE Power represents staked tokens that provide governance influence and long-term rewards. Network participants earn rewards through content creation, curation, and staking, fostering an active ecosystem. Transaction fees are negligible, as HIVE prioritizes accessibility and encourages user activity without financial barriers. Instead of relying on high transaction fees, the system is sustained by inflationary block rewards distributed to witnesses, content creators, and stakers. |
| Beginning of the period |
2024-11-05 |
| End of the period |
2025-11-05 |
| Energy consumption |
19710.00000 (kWh/a) |
| Energy consumption resources and methodologies |
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) hive is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts. |
| Renewable energy consumption |
|
| Energy intensity |
(kWh) |
| Scope 1 DLT GHG emissions - Controlled |
(tCO2e/a) |
| Scope 2 DLT GHG emissions - Purchased |
(tCO2e/a) |
| GHG intensity |
(kgCO2e) |
| Key energy sources and methodologies |
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| Key GHG sources and methodologies |
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