原标题：《Why Berachain is the Next Layer 1 Blockchain to Watch》
作者：Pascual Jiménez Velásquez
Translation: Blockchain in Vernacular
Berachain is a next-generation Layer1 blockchain for DeFi applications. It solves the liquidity problem in the DeFi field through a unique three-token model and proof-of-liquidity (PoL) consensus mechanism. With community culture and innovative technology, Berachain is building a highly secure, decentralized and scalable blockchain ecosystem.
1. Main features and technological innovations 3. Token model
BERA: The native token used to pay gas fees and block rewards.
BGT: A non-transferable governance token obtained by providing liquidity, used to participate in on-chain governance.
HONEY: A stablecoin anchored by USDC, minted by pledging other assets, providing a stable medium for transactions on the platform. Proof of Liquidity (PoL) consensus mechanism:
Improve the security and performance of the network through liquidity providers, liquidity mining, liquidity proof and liquidity governance mechanisms. Polaris EVM and Cosmos-SDK: Built on Cosmos-SDK, it integrates specific on-chain functions optimized for PoL. Polaris EVM provides a modular EVM framework that provides an efficient execution environment for smart contracts.
2. Cross-chain interoperability
It may have cross-chain interoperability, able to interact with other blockchain networks, providing a wider range of financial and transaction options.
On-chain governance: Supports on-chain governance model, allowing token holders to participate in network decision-making to ensure fairness and transparency.
Market popularity and community support: Berachain has demonstrated significant market popularity and community marketing capabilities:
Social media following: Nearly 1.04 million followers on Twitter and 50,000 active members on Discord.
Community Projects: Projects such as “The Honey Jar” have attracted a large number of users and driven the growth of the Berachain ecosystem.
3. Future Prospects and Competitive Advantages Berachain has unique competitive advantages in the blockchain field
Innovative model: The third token model and proof-of-liquidity (PoL) consensus mechanism resolve the conflict between staking and liquidity.
Market Demand: After the Terra collapse, there is a strong demand for new DeFi stablecoins, and Berachain has the potential to fill this gap.
Funding and backing: Recently completed a $100 million Series B round led by well-known institutions such as Brevan Howard Digital and Framework Ventures.
4. Similar projects
Berachain competes with the following projects in the blockchain technology and cryptocurrency space:
Ethereum: The most well-known EVM blockchain that supports a wide ecosystem of smart contracts and decentralized applications (dApps).
Binance Smart Chain (BSC): An EVM-compatible blockchain that provides low-cost transactions and smart contract capabilities.
Avalanche (AVAX): High-performance platform that supports EVM compatibility and custom subnets.
Polygon (MATIC): A Layer 2 solution that provides scalability and interoperability, supporting the Ethereum ecosystem.
With its innovative three-token mechanism and proof-of-liquidity (PoL) consensus, strong community support, and growing market popularity, Berachain has shown the potential to become an important Layer 1 blockchain. With the continued growth of users and ecosystem, Berachain is expected to play a key role in DeFi innovation and become a star blockchain in the industry.
