Berachain sided with Ethereum EVM instead of Cosmos, and its remarks caused controversy

Berachain is one of the most popular and highly valued public chains in the current market, but recently its co-founder Smokey has been criticized by the community for severing his relationship with Cosmos.

Due to the huge amount of financing and strong investment lineup, Berachain has gained high interactive enthusiasm in the market. In April 2023, Berachain announced that it had received US$42 million in financing from Polychain Capital, OKX Ventures, Hack VC, Dao5, former partner of Tribe Capital Dragonfly Capital and Mustafa Al-Bassam, founder of Celestia, and then raised US$1.5 billion in March this year. It was valued at $69 million in Series B funding from Brevan Howard Digital and Framework Ventures, and became a unicorn, and was later revealed to have raised its funding to $100 million.

Although Berachain is not expected to launch its mainnet until the second quarter of this year, it has already launched the public testnet Artio. According to @0x_Umeshu statistics, there are more than 90 Berachain ecological projects, covering Restaking, Gaming, NFT and DeFi, etc.

Although many users have reported that the interaction on the Berachain test network is very laggy, and the faucet often cannot receive "water", its participation rate is still high. According to test network Artio browser data, as of May 10, the number of transactions on Berachain exceeded 1.678 million, the total number of addresses has reached 17.7 million, 13.38w, and the current number of daily active addresses is 902,000. At the same time, the popularity of Berachain has also driven the popularity of related NFTs, including Baby Bears, Bong Bears, Boo Bears, and Bond Bears. According to Dune data, as of May 10, the market value of these NFTs has exceeded US$100 million.

While the market is highly sought after, Berachain, which is built on the Cosmos SDK, has caused controversy for "drawing a line" from Cosmos. It all started with a tweet.

On May 8, former Messari product lead @QwQiao tweeted, “After in-depth study of the meta-concept of chain abstraction and application chain, I officially became a big fan of Cosmos. Chain Abstraction: IBC Possible It is one of the best bridges currently, providing cheap, fast and secure settlement methods without understanding its underlying technology; for application chains: seeing projects like dYdX and Hyperliquid choose Cosmos instead of Ethereum changes dramatically My opinion. Somehow, even though the visions of Cosmos and Ethereum are converging, Cosmos is still lagging behind Ethereum. Maybe Cosmos lacks a spiritual leader like Vitalik (co-founder of Ethereum). In a parallel universe with more outspoken tech evangelists like Mert (Helius CEO), if Vitalik hadn’t been influenced by Bitcoin maximalists and not created Ethereum in 2014, Cosmos might have prevailed. "

Smokey commented on the tweet, "Cosmos does not understand GTM (Go-To-Market) at all, and said that although the analysis is logically tenable It’s lame, but it’s unrealistic at the moment.”

And in response to the comment “Berachain is a blockchain running on the Cosmos SDK”, Bera v2 is more like Ethereum than Cosmos ( Including its staking mechanism), Cosmos needs a new community or rebrand. Berachain does not position itself as a Cosmos chain.

As soon as this statement came out, the Cosmos community immediately exploded. Some people said, "There is nothing wrong with not airdropping to the Cosmos community or not liking Cosmos, but this kind of behavior that wants to ride on the popularity of Cosmos and ridicule it is both outrageous and unreasonable, not to mention that the early technology has forked Cosmos." Others think , “In the final analysis, Cosmos has failed to develop, and Berachain emphasized that it is EVM rather than behind the Cosmos chain or it is also to increase the valuation.”

In this regard, Smokey clarified that they have never denied that Berachain is using Cosmos SDK, but it doesn't mean it has to be called a Cosmos chain. Berachain is closer to Ethereum than Cosmos, which will be reflected in the upcoming new version of Polaris (modular EVM framework). In fact, being called the Cosmos chain has hurt Berachain in multiple ways from a developer adoption, brand recognition, and overall image perspective, including recruiting talent, venture capital, and development experience. The Cosmos SDK is an important part of the Berachain technology stack and has a lot of potential despite some shortcomings. And he believes that Cosmos as a whole will have greater benefit by helping implement good technology behind the scenes rather than being the protagonist.

In addition, Smokey also emphasized that Cosmos is not the main reason for Berachain’s attention, but its ecosystem, community building and our Proof of Liquidity mechanism.

"Berachain is developed using Cosmos' CometBFT + Cosmos open source EVM compatible framework Polaris EVM. The founder is so disgusted with and fiercely debates the label Cosmos chain. On the one hand, it is because of the objective existence of crypto gang culture. As a former OHM team member, They are unwilling to offend the Ethereum community; on the other hand, Berachain’s POL consensus mechanism needs to draw blood from the Ethereum ecosystem. If it arouses the vigilance and resentment of the Ethereum community like Celestia, it will only be half the result.” Controversy, the research institute @@0xNing0x explains this.

Disclaimer: As a blockchain information platform, the articles published on this site only represent the personal opinions of the author and guests and have nothing to do with the position of Web3Caff. The information in the article is for reference only and does not constitute any investment advice or offer. Please comply with the relevant laws and regulations of the country or region where you are located.

The above is the detailed content of Berachain sided with Ethereum EVM instead of Cosmos, and its remarks caused controversy. For more information, please follow other related articles on the PHP Chinese website!