Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, new coins and blockchain are added in crypto world despite dip in market. This is actually good sign for crypto world. In today's post I will discuss about new blockchain Berachain which alredy has gained huge popularity before its launching.
Berachain is an EVM (Ethereum virtual machine) ethereum compatible blockchain. It can communicate with other Ethereum blockchain for bridging of Ethereum token.
Berachain will be developed using Cosmos software development kit. Berachain consensus model is proof of liquidity. Proof of liquidity is a unique idea as it will support multiple token staking on blockchain. You don't need to provide Bera token for getting reward. You can stake in multiple token like BTC, Eth, Cosmos or even stable coins USDT etc. Each token has its own staking pool. Good project for holding coins for longer term.
Tokenomics detail is not rolled out yet but as per news berachain will offer three token named Bera, BGT and HONEY token. Bera will be used as a gas token. BGT will act as a governance token and the last one is a stable Honey token.
Providing liquidity pool will earn Bera token which can be staked to get governance token and honey token.
Currently Berachain is in development phase and mainnet will be launched on next quarter.
Berachain has a plan to launch its own DEX and perpetual trading platform. Seems an interesting blockchain which has good potential due to its uniqueness. Let's see what news come in white paper.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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Hi
Diversification is the name of the game. If investors and developers get so many projects and blockchains to choose from then they can choose the best one and this can be productive for the crypto universe
Crypto is getting general acceptance with these constant launching of new tokens.
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Well said. Thanks for stopping by and sharing your thoughts.
The crypto derivatives space is heating up . Things we really love to see .