Berachain White Paper: Aligning the value of the network with the value of the Application Layer through a dual-token model and reward distribution mechanism

BlockBeats news, on February 4th, Berachain Foundation released its network White Paper this morning. According to the White Paper, Berachain is a new EVM-compatible Layer 1 blockchain, aiming to align the value of the network with the value of the applications built on it through the Proof of Liquidity (PoL) mechanism. With its core innovation of Proof of Liquidity (PoL), it changes the traditional Proof of Stake (PoS) incentive mechanism, linking validators' rewards to the demand for applications on the network. In terms of the economic model, BERA is used for stake and transactions, while BGT is used for governance and rewards. The issuance of BGT is closely related to the stake of BERA, and BGT can be exchanged for BERA by burning. In addition, the PoL mechanism controls inflation by adjusting the Boost of validators to ensure the security and decentralization of the network.