Liquidity Proof Consensus Layer 1 Berachain Launches Mainnet

Berachain, based on the Proof Of Liquidity (POL) consensus, announced the launch of its Layer 1 mainnet on the 7th.

Berachain is a POL-based Layer 1 blockchain that scales network security through user-provided liquidity. It successfully launched its mainnet one year after the release of the Artio testnet in January last year. With the mainnet launch, it plans to support custody, cross-chain messaging and bridging protocols, and data availability solutions.

Users will be able to utilize DeFi services such as DEX (Decentralized Exchange) based on Berachain's triple token system. Berachain issues three types of tokens, each with its own use: the native token (BERA) used for gas fees, the collateral-based stablecoin (HONEY), and the governance token (BGT). Among them, BGT is a token given only to users who participate in decision-making within the Berachain ecosystem and is not tradable in the market.

Smokey The Bera, co-founder of Berachain, stated, "The Berachain mainnet could be born thanks to years of effort, technological innovation, and the community, and it is the first blockchain designed with a focus on applications and users." He added, "Even before the launch, the total value locked (TVL) reached $3 billion, and Berachain, which has dozens of innovative applications, is just beginning its new journey."