🐻 ⛓Berachain Review

What is Berachain?

• Berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity (PoL) Consensus.
• PoL is a new consensus mechanism that seeks to align network incentives, thus creating a strong synergy between the chain’s validators and the entire ecosystem pf projects.
• Berachain built its technology on a high-performance blockchain framework for building EVM-compatible chains known as Polaris.
• The project was launched by a quartet of pseudonymous founders, including Smokey the Bera, Papa Bear, Homme Bera, and Dev Bear.
• All four co-founders call themselves crypto natives, and have combined their collective experience to create a project that seeks to repay its supporters with great potential for growth.
• The project held a Series A round last year, concluding it on April 20 (4/20), with a total of $42 million raised at a valuation of $420.69 million.

Risks

• As an emerging blockchain project, Berachain may face technical challenges such as performance, scalability, and security issues.
• The system’s health is more centralized
• If one of its core pieces suffers a break, it might negatively influence, or even completely bring down all other pieces.

Benefits

• A well-developed and vast ecosystem with numerous services and features built upfront.
• Its PoL consensus addresses the problems seen with Proof of Stake (PoS).
• It plans to offer three different tokens — the native BERA, governance token BGT, and a stablecoin HONEY.
• Its technology and economic model were designed to promote liquidity and transaction efficiency, in addition to the development of smart contracts, all with the goal of providing a more powerful infrastructure for DeFi apps.

What do the social networks say?

According to a user Sedat Citaku:

Orbiter Finance shared important news:

The_Neew provided insights into Berachain’s Artio Testnet:

The innovative design of Berachain and its various components will lead to a significant amount of liquidity within the network, and it’s structured to maintain that liquidity. Capital in this network should be efficient and resilient. Additionally, the project has a quirky name and a cult-like community. Many are very interested in following the launch of Berachain and all the degen opportunities that will emerge in the coming months.

Beyond all else, Berachain is its community — it’s a product of long nights on VC in Discord, CoD games with Dev, rap nights, MC sessions with FW, Honey Jar ceremonies with Jani and the guys, the Honeylist, fudding ourselves, podcast eps, raiding Polaris tech talks, meetups at conferences across the world, typing Bm in Discord, and everything in between.

Berachain has spent the last year building out its moneyball team of 30+ Beras — from folks who have built the very first Dapps on Ethereum to engineering and ecosystem leaders at Sui, Polygon, Mantle, Coinbase, Chainlink, Aave, Dapper, TFL and more, with collective experience in building applications reaching millions of users, securing Bs of TVL, and deploying Bs in capital.

🐻 ⛓DYOR!