What Is Berachain?

Berachain is a Layer 1 blockchain that is Ethereum Virtual Machine (EVM) compatible and built on the Cosmos SDK. It merges Ethereum's flexibility and developer-friendly environment with the scalability and interoperability of the Cosmos ecosystem. Engineered to support decentralized applications (dApps) and smart contracts, Berachain aims to provide a seamless experience for both developers and users.

About the Berachain Mainnet Launch and TGE

Berachain launched its mainnet recently, marking a significant milestone for the project and coinciding with its Token Generation Event (TGE).

How Does Berachain Differ from Ethereum (ETH)?

The primary difference between Berachain and Ethereum is their consensus models. Berachain utilizes Proof of Liquidity, while Ethereum relies on Proof of Stake. Berachain is fully EVM-equivalent, meaning any application that runs on Ethereum can also run seamlessly on Berachain.

Who Is Behind Berachain?

The Berachain project, with its bear-themed branding, was founded by an anonymous group known as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera. In development since late 2021, Berachain represents the co-founders' major foray into the industry following their NFT project "Bong Bears" and other related collections.

How Does Proof of Liquidity (PoL) Work?

PoL is distinct from traditional consensus mechanisms such as Proof of Stake. PoL rewards participants both for providing liquidity and for securing the network. Validators not only stake tokens but also supply liquidity, actively participating in decentralized exchanges and liquidity pools. This approach enhances Berachain's efficiency while maintaining robust blockchain security.

What Is BeaconKit?

BeaconKit is a modular consensus layer that powers Berachain, built on the Cosmos SDK. It delivers flexibility to Ethereum-based blockchains by equipping developers with tools to build Layer-1 and Layer-2 solutions. BeaconKit ensures Berachain remains EVM-compatible, enabling any Ethereum decentralized application (DApp) or smart contract to operate on Berachain without modification.

What Are Berachain DApps: BEX, Bend, and Berps?

Berachain DApps are engineered to maximize the advantages of PoL. Here are three core Berachain DApps:

1. BEX: A decentralized exchange that facilitates trading and liquidity provision.
2. Bend: A lending protocol that lets users borrow and lend crypto assets through PoL.
3. Berps: Enables perpetual futures trading on Berachain.

How Does $BGT Govern the Network?

$BGT serves as Berachain’s governance token, incentivizing community participation. Holders of $BGT can submit proposals for changes to the Berachain network, which are then voted on by other $BGT holders. If a proposal meets the required minimum vote threshold and passes, it enters a waiting period before implementation.

What Is $HONEY?

$HONEY is Berachain’s stablecoin. It is used for trading, borrowing, and lending across the Berachain platform. $HONEY is softly pegged to the US dollar and is backed by a basket of crypto assets, including $BERA and wrapped $HONEY tokens.

How to Claim BERA in a Crypto Wallet

To claim BERA in your crypto wallet:

1. Download and set up a compatible crypto wallet.
2. Connect to the Berachain network.
3. Follow the instructions to participate in the Token Generation Event and claim your BERA tokens.
4. Begin exploring the Berachain ecosystem.

What Is Berachain and Why Does It Matter?

Berachain brings together EVM compatibility and the Proof of Liquidity mechanism, allowing the community not only to stake tokens but also to contribute liquidity and earn rewards. Developers benefit from tools like BeaconKit, which simplify scaling for Layer-1 and Layer-2 solutions. Users can access Berachain DApps such as BEX, Bend, and Berps for decentralized trading, lending protocol participation, and perpetual futures trading.

Conclusion

Berachain introduces innovative Layer 1 blockchain infrastructure with its Proof of Liquidity consensus. By integrating EVM compatibility, Cosmos interoperability, and a liquidity-centric approach, Berachain stands out as a compelling platform for developers and users in the DeFi sector. The mainnet launch marks a pivotal milestone, and the project’s ongoing development is worth watching as the blockchain landscape continues to evolve.

FAQ

What Is Berachain Crypto?

Berachain is a Layer 1 blockchain compatible with EVM, leveraging the Proof of Liquidity (PoL) consensus mechanism. Its goal is to align liquidity with network security. Launched in 2025.

What’s Happening with Berachain?

Berachain is entering a new phase, focusing on established methods while capitalizing on emerging opportunities. The project continues to evolve actively, with significant developments underway.