Name |
Coinmotion Oy |
Relevant legal entity identifier |
743700PZG5RRF7SA4Q58 |
Name of the crypto-asset |
Quant |
Consensus Mechanism |
Quant is present on the following networks: Energi, Ethereum.
Energi operates on a Proof of Stake (PoS) consensus mechanism supported by a masternode system. Validators, or "stakers," secure the network by locking up NRG tokens to validate transactions and maintain network integrity. Core Components: 1. Proof of Stake (PoS): Staked Validation: Validators lock up NRG tokens and earn rewards for confirming transactions based on their staked amount, ensuring active participation in network security. 2. Masternode System: Collateral Requirement: To operate a masternode, users must lock up 1,000 NRG as collateral. Masternodes contribute to transaction validation, security, and governance, playing a central role in network functionality. Governance Participation: Masternodes vote on network proposals, protocol changes, and community initiatives, enabling decentralized decision-making. 3. Self-Funding Treasury: Sustainable Growth: A portion of block rewards funds the treasury, which supports development, marketing, and community projects, ensuring Energi’s growth and development over time
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency. |
Incentive Mechanisms and Applicable Fees |
Quant is present on the following networks: Energi, Ethereum.
Energi incentivizes both stakers and masternodes with block rewards, supporting network security and governance. Transaction fees contribute to network sustainability. Incentive Mechanisms: 1. Staking and Masternode Rewards: Staker Rewards: Validators earn a portion of block rewards for transaction validation. Masternode Rewards: Masternodes receive rewards for their roles in governance and network support, ensuring active engagement in network development. Applicable Fees: 1. Transaction Fees: Low Cost: Users pay transaction fees in NRG, which are generally low and provide additional rewards for validators and masternodes, supporting network operations. 2. Balanced Reward Structure: Inflation Control: Energi’s rewards structure is designed to maintain inflation balance with sustainable rewards, incentivizing long-term network participation.
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity. |
Beginning of the period |
2024-06-09 |
End of the period |
2025-06-09 |
Energy consumption |
1260.23792 (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) energi, ethereum 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. |
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 |
|
Key GHG sources and methodologies |
|