The Berachain Layer 1 blockchain, which is built on Cosmos and compatible with Ethereum Virtual Machine (EVM), has launched its public testnet called Artio ahead of schedule. The mainnet is expected to be released in the second quarter of this year. Berachain introduces the concept of “proof of liquidity” consensus, which aims to align incentives between network security and liquidity availability. This innovative variant of the delegated proof of stake consensus allows users to contribute to the security of the network by providing liquidity to DeFi protocols.
Berachain has already seen significant interest from over 30 native teams, including notable brands like Pendle, Redacted, Sudoswap, and Abracadabra. The project will also be supported by custodians, messaging protocols, cross-chain bridges, and data availability solutions.
The team behind Berachain includes co-founders with previous experience on projects such as Sui, Polygon, Coinbase, Chainlink, and Aave. They raised $42 million in a private token round led by Polychain Capital.
Overall, Berachain aims to revolutionize consensus mechanisms and attract new capital and delegates from the EVM world to the Cosmos ecosystem.
Hot Take: Berachain Introduces Innovative Proof of Liquidity Consensus
Berachain’s launch of its public testnet Artio showcases its commitment to bringing advanced features and innovation to the blockchain space. The concept of “proof of liquidity” consensus is a game-changer that aligns incentives between security and liquidity. By allowing users to contribute to network security through providing liquidity to DeFi protocols, Berachain creates a mutually beneficial ecosystem. With notable brands already showing interest in Berachain and plans for further integration with custodians and cross-chain bridges, it’s clear that this project has significant potential.
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