2025-02-05
The Berachain Foundation has officially
announced that the anticipated Berachain Layer 1 mainnet will go live on February
6, 2025.
This follows the successful rollout of
its public testnet, Artio, in January 2024.
Berachain is a Layer 1 blockchain that
is Ethereum Virtual Machine (EVM)-compatible and is built on the Cosmos SDK.
It introduces a unique consensus
mechanism called Proof-of-Liquidity (PoL), a variation of the delegated
proof-of-stake model, designed to enhance security and liquidity alignment
within the ecosystem.
Initially, Berachain’s mainnet was
scheduled for Q2 2024, but the project has now confirmed its official launch
for early 2025.
The blockchain network aims to solve
liquidity and incentive alignment challenges in decentralized finance (DeFi),
enabling a more efficient staking model that encourages active liquidity
participation.
The project has garnered interest from
investors, securing $100 million in a Series B funding round in April 2024.
This round was led by Framework Ventures and Brevan Howard Digital (Abu Dhabi
branch).
Additionally, Berachain had earlier
raised $42 million in a private token round in April 2023, led by Polychain
Capital.
Key Features of Berachain
EVM-Identical Execution Layer – Ensuring
seamless integration with Ethereum’s ecosystem, allowing developers to migrate
applications without modifications.
Triple-Token Model:
Berachain’s entrance into the Layer 1 blockchain landscape is expected
to make an impact, particularly in the DeFi sector.
