Berachain is a novel blockchain created to solve consensus mechanism incentive misalignment. For traditional Proof of Stake (PoS) blockchains, users have to lock their assets in order to participate in the security model and earn staking rewards. This results in incentive misalignment as the projects building on these blockchains want activity and volumes – which competes with the native security mechanism of staking which requires assets to be locked up. Berachain aims to solve this with their consensus mechanism, Proof of Liquidity (PoL). PoL is an extension of PoS with restructured incentives mechanisms to incentivize DeFi activity over asset lockup, while simultaneously adding security and decentralization to the network.
Native asset
- BERA
Supported Networks & Block explorer URL
- Mainnet block explorer: https://80094.routescan.io
- Testnet block explorer: https://80000.testnet.routescan.io
Supported functionality on Fireblocks
- Custody
- Transfers