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Coinhouse
Coinhouse SAS with a capital of €210,000, RCS Paris 815 254 545, headquarters: 14 Avenue de l'Opéra 75001 Paris – support@coinhouse.com. Registered with the AMF for activities related to the purchase/sale of digital assets against legal tender, the exchange of digital assets for other digital assets, and the custody of digital assets for third parties under the registration number: E2020-001.
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The new rule of the game for responsible finance.
Since 2024, European regulations require every financial company to publish sustainability indicators that provide a transparent view of the environmental impact of their activities.
In a nutshell, these indicators prove that a company is taking concrete action for the planet.
Explore below the sustainability indicators of crypto-assets selected by our platform.
VeChain (VET)The new rule of the game for responsible finance.
| Reporting entity name | Coinhouse SAS |
| Legal Entity Identifier (LEI) | Company LEI |
| Crypto-asset name | VeChain |
| Consensus mechanism | VeChain is present on the following networks: Binance Smart Chain, Vechain. |
| Incentive mechanisms and applicable fees | VeChain is present on the following networks: Binance Smart Chain, Vechain. |
| Start of reporting period | 2024-06-19 |
| End of reporting period | 2025-06-19 |
| Total energy consumption (kWh/year) | 45990.97070 |
| Energy consumption sources and calculation methodologies | The energy consumption of this asset is aggregated across multiple components: |
VeChain is present on the following networks: Binance Smart Chain, Vechain.
Binance Smart Chain (BSC) uses a hybrid consensus mechanism called Proof of Staked Authority (PoSA), which combines elements of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA). This method ensures fast block times and low fees while maintaining a level of decentralization and security. Core Components 1. Validators (so-called “Cabinet Members”): Validators on BSC are responsible for producing new blocks, validating transactions, and maintaining the network’s security. To become a validator, an entity must stake a significant amount of BNB (Binance Coin). Validators are selected through staking and voting by token holders. There are 21 active validators at any given time, rotating to ensure decentralization and security. 2. Delegators: Token holders who do not wish to run validator nodes can delegate their BNB tokens to validators. This delegation helps validators increase their stake and improves their chances of being selected to produce blocks. Delegators earn a share of the rewards that validators receive, incentivizing broad participation in network security. 3. Candidates: Candidates are nodes that have staked the required amount of BNB and are in the pool waiting to become validators. They are essentially potential validators who are not currently active but can be elected to the validator set through community voting. Candidates play a crucial role in ensuring there is always a sufficient pool of nodes ready to take on validation tasks, thus maintaining network resilience and decentralization. Consensus Process 4. Validator Selection: Validators are chosen based on the amount of BNB staked and votes received from delegators. The more BNB staked and votes received, the higher the chance of being selected to validate transactions and produce new blocks. The selection process involves both the current validators and the pool of candidates, ensuring a dynamic and secure rotation of nodes. 5. Block Production: The selected validators take turns producing blocks in a PoA-like manner, ensuring that blocks are generated quickly and efficiently. Validators validate transactions, add them to new blocks, and broadcast these blocks to the network. 6. Transaction Finality: BSC achieves fast block times of around 3 seconds and quick transaction finality. This is achieved through the efficient PoSA mechanism that allows validators to rapidly reach consensus. Security and Economic Incentives 7. Staking: Validators are required to stake a substantial amount of BNB, which acts as collateral to ensure their honest behavior. This staked amount can be slashed if validators act maliciously. Staking incentivizes validators to act in the network’s best interest to avoid losing their staked BNB. 8. Delegation and Rewards: Delegators earn rewards proportional to their stake in validators. This incentivizes them to choose reliable validators and participate in the network’s security. Validators and delegators share transaction fees as rewards, which provides continuous economic incentives to maintain network security and performance. 9. Transaction Fees: BSC employs low transaction fees, paid in BNB, making it cost-effective for users. These fees are collected by validators as part of their rewards, further incentivizing them to validate transactions accurately and efficiently.
VeChain employs a Proof of Authority (PoA) 2.0 consensus mechanism, where trusted Authority Masternodes are responsible for validating transactions, providing both security and efficiency for enterprise applications. Core Components of VeChain’s Consensus: 1. Proof of Authority (PoA) 2.0: Trusted Authority Masternodes: VeChain’s PoA 2.0 relies on a set of pre-approved Authority Masternodes to validate blocks and confirm transactions. These nodes are selected based on their reputation and reliability, ensuring network integrity and trustworthiness. 2. Finality and Security: Immediate Transaction Finality: Once a block is validated under PoA 2.0, it is final, reducing the likelihood of forks. This immediate finality enhances the security and reliability of the network, making it suitable for enterprise-grade applications.
VeChain is present on the following networks: Binance Smart Chain, Vechain.
Binance Smart Chain (BSC) uses the Proof of Staked Authority (PoSA) consensus mechanism to ensure network security and incentivize participation from validators and delegators. Incentive Mechanisms 1. Validators: Staking Rewards: Validators must stake a significant amount of BNB to participate in the consensus process. They earn rewards in the form of transaction fees and block rewards. Selection Process: Validators are selected based on the amount of BNB staked and the votes received from delegators. The more BNB staked and votes received, the higher the chances of being selected to validate transactions and produce new blocks. 2. Delegators: Delegated Staking: Token holders can delegate their BNB to validators. This delegation increases the validator’s total stake and improves their chances of being selected to produce blocks. Shared Rewards: Delegators earn a portion of the rewards that validators receive. This incentivizes token holders to participate in the network’s security and decentralization by choosing reliable validators. 3. Candidates: Pool of Potential Validators: Candidates are nodes that have staked the required amount of BNB and are waiting to become active validators. They ensure that there is always a sufficient pool of nodes ready to take on validation tasks, maintaining network resilience. 4. Economic Security: Slashing: Validators can be penalized for malicious behavior or failure to perform their duties. Penalties include slashing a portion of their staked tokens, ensuring that validators act in the best interest of the network. Opportunity Cost: Staking requires validators and delegators to lock up their BNB tokens, providing an economic incentive to act honestly to avoid losing their staked assets. Fees on the Binance Smart Chain 5. Transaction Fees: Low Fees: BSC is known for its low transaction fees compared to other blockchain networks. These fees are paid in BNB and are essential for maintaining network operations and compensating validators. Dynamic Fee Structure: Transaction fees can vary based on network congestion and the complexity of the transactions. However, BSC ensures that fees remain significantly lower than those on the Ethereum mainnet. 6. Block Rewards: Incentivizing Validators: Validators earn block rewards in addition to transaction fees. These rewards are distributed to validators for their role in maintaining the network and processing transactions. 7. Cross-Chain Fees: Interoperability Costs: BSC supports cross-chain compatibility, allowing assets to be transferred between Binance Chain and Binance Smart Chain. These cross-chain operations incur minimal fees, facilitating seamless asset transfers and improving user experience. 8. Smart Contract Fees: Deployment and Execution Costs: Deploying and interacting with smart contracts on BSC involves paying fees based on the computational resources required. These fees are also paid in BNB and are designed to be cost-effective, encouraging developers to build on the BSC platform.
VeChain’s incentive model utilizes a dual-token system to support staking, transaction processing, and economic stability, helping to ensure predictable costs for network users. Incentive Mechanisms: 1. Dual-Token Model: VET (VeChain Token): VET is used primarily for value transfer and staking on the network. VET holders can stake their tokens to generate VTHO, which serves as “gas” for transactions. VTHO (VeThor Token): VTHO is used to pay for transaction fees, providing a buffer against fluctuations in VET’s market price. This setup decouples transaction costs from VET’s volatility, allowing for stable and predictable transaction fees. 2. Staking Rewards: VET Staking to Generate VTHO: By staking VET, holders automatically generate VTHO tokens, which can be used to cover transaction costs. This staking mechanism incentivizes VET holders to participate in the network and secure its operations. Applicable Fees: • Transaction Fees in VTHO: Transaction fees on VeChain are paid in VTHO, keeping costs stable and predictable for users regardless of VET’s market price. This predictable fee model makes the network appealing for enterprises and high-volume applications.
The energy consumption of this asset is aggregated across multiple components:
For the calculation of energy consumptions, the so called “bottom-up” approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used – if available – the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
To determine the energy consumption of a token, the energy consumption of the network(s) binance_smart_chain 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.
