BlockBeats News, February 4th, the Berachain Foundation officially announced that the Berachain mainnet will launch on February 6, 2025.
BlockBeats previously reported that on February 4th, the Berachain Foundation released its network whitepaper. Berachain is a novel EVM-compatible Layer 1 blockchain designed to align the network's value with the value of the applications built on top of it through a Proof of Liquidity (PoL) mechanism. With its core innovation of Proof of Liquidity (PoL), it transforms the incentive mechanism of traditional Proof of Stake (PoS), linking validator rewards to the needs of applications on the network.
In terms of the economic model, BERA is used for staking and transactions, while BGT is used for governance and rewards. The issuance of BGT is closely tied to BERA staking, and BGT can be burned to redeem BERA. Additionally, the PoL mechanism controls inflation by adjusting validators' Boost to ensure network security and decentralization.