Berachain, a new EVM-compatible blockchain, is revolutionizing the market with the launch of its mainnet and an airdrop of $632 million in BERA tokens.
Berachain is an ambitious new Layer 1 blockchain, inspired by the Bonng Bears NFT community, that promises to revolutionize the decentralized finance (DeFi) landscape. Its arrival on the market does not go unnoticed, as it coincides with a monumental airdrop of 79 million BERA tokens, its native cryptocurrency, valued at approximately $632 million.
Through this airdrop, which represents 15,8% of the total token supply, the project will distribute a considerable amount of BERA among its community, encouraging adoption and growth of the ecosystem as a whole.
However What makes Berachain so special? Its innovative architecture is based on the Ethereum Virtual Machine (EVM) support, making it easy to migrate existing decentralized applications (dApps) and deploy new ones, leveraging Ethereum’s vast developer ecosystem.
In addition, this blockchain implements a new consensus model, called Proof-of-Liquidity (PoL), which is presented as a bold proposal that seeks to optimize the security and efficiency of the network, encouraging the active and productive participation of users.
Overall, its launch and generous airdrop mark a significant milestone for the cryptocurrency market and the entire blockchain sector.
Berachain, an EVM-compatible blockchain
EVM support is a key feature of Berachain, considering it allows dApps built for Ethereum to run without significant modifications on the new blockchain.
The network’s developers have expressed that this compatibility represents a huge advantage, as it allows DApp builders to port their existing applications to a platform that offers improvements in speed, scalability, and security. In addition, the broad developer base and the large number of applications already existing in the Ethereum ecosystem become a crucial asset for the growth of Berachain, accelerating adoption and the creation of a vibrant and diverse ecosystem.
EVM support facilitates the migration of DeFi projects, blockchain games, and other decentralized applications, allowing easier access to a global audience. This is a pragmatic approach by which Berachain seeks to leverage the success and infrastructure of one of the most established networks in the industry, minimizing the barriers to entry for developers and users.
In essence, EVM support is the bridge that connects the mature Ethereum ecosystem with Berachain’s innovations.
The Proof-of-Liquidity (PoL) consensus model
Berachain significantly differentiates itself from other Layer 1 blockchains by its innovative consensus model, called Proof-of-Liquidity (PoL), which is built using the Cosmos SDK.
Unlike the Proof-of-Work (PoW) or Proof-of-Stake (PoS) models that are widely used in the cryptocurrency ecosystem, PoL is not based on block mining or simple token ownership. Instead, it incentivizes the provision of liquidity within the Berachain ecosystem.
In this network, validators do not simply stake their tokens; instead, they must provide liquidity through pools, which incentivizes and enables them to actively participate in Berachain’s DeFi market. According to the developers, this model has several important implications, as it promotes economic activity within the ecosystem, generating real value and a virtuous cycle of growth, and increases the security of the network, as validators are economically incentivized to maintain the integrity of the system.
In this context, if a validator acts maliciously, they will lose their share of the liquidity pools and therefore their earnings. Thanks to its infrastructure, Berachain fosters a more decentralized and dynamic ecosystem.
Revolutionizing the DeFi landscape
Berachain’s mainnet launch and generous $632 million airdrop mark a pivotal moment for the blockchain sector. Its innovative PoL model, coupled with its EVM compatibility, creates a powerful combination that has the potential to attract a large user and developer base.
Berachain’s commitment to a consensus model that encourages liquidity and real economic activity, rather than passive staking, could shape a new strategy to boost economic decentralization. Although important tests remain to be verified in its architecture and its long-term effectiveness, Berachain represents a promising approach to solving various challenges in the blockchain sector, offering an attractive and efficient alternative for participants in the DeFi world.
Its native token, BERA is now available for purchase and trading on Bit2Me.
