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🐻 Bearachain: Innovative Blockchain with Proof-of-Liquidity
🔹 What is Berachain?
Berachain is a Layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM) and built using the Cosmos SDK. This project offers a new approach in the DeFi ecosystem with a unique Proof-of-Liquidity (PoL) consensus mechanism.
🔹 Why is Berachain different?
💧 Proof-of-Liquidity (PoL) → Validators secure the network by providing liquidity to DeFi protocols, not just regular staking.
🔗 Compatible with EVM → Supports popular DeFi applications such as Uniswap, Aave, and others.
🔥 Growing Ecosystem → Supported by major investors such as Polychain Capital and Framework Ventures with funding of $100 million in 2024.
🔹 Model Tri-Token Berachain
1️⃣ BERA → Gas token for transaction fees.
2️⃣ HONEY → Stablecoin for DeFi transactions.
3️⃣ BGT → Governance token ( cannot be transferred) for voting within the ecosystem.
🔹 When is Berachain Mainnet?
Currently still in the testnet stage, and the mainnet is planned to be released by the end of 2024. 🚀
🔹 Conclusion
Berachain brings a new approach to blockchain with high capital efficiency, participation-based governance, and a strong DeFi ecosystem. Will this be one of the big players in the future? 🤔
#Berachain DeFi #Crypto EVM #Blockchain