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Explore Berachain V2: Changes to Validator Staking and Shaving Mechanisms

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2024-06-13 22:59:10530browse

Original title: "Berachain V2: What's New?"

Compiled by Shenchao TechFlow

探索Berachain V2:验证节点质押和削减机制的变革

In January this year, Berachain's Artio testnet was launched , the ecosystem has been on a steady rise since then. Developers, users, and validator operators are all involved in testing, helping to stress-test the network and guide Berachain’s design decisions. The V1 testnet validated core concepts such as proof of liquidity, but also found room for improvement, which is where V2 comes in. We will try our best to summarize the latest achievements of Berachain core developers.

Brief Description

  • Validation nodes are now required to stake 69,420 BERA instead of BGT to increase economic security.

  • BGT delegators will no longer be slashed.

  • All verification nodes have an equal opportunity to produce blocks.

  • The cap on the number of validator nodes has been increased to improve decentralization.

  • The core technology stack was changed from Polaris to BeaconKit to improve performance and EVM compatibility.

  • The public Infrared testnet deployment will be launched soon.

New changes in V2

BERA staking and slashing changes

One of the key economic changes in V2 is the introduction of larger validator deposits, That is, the amount pledged in BERA. Simply put, the validator deposit is the number of tokens that a validator must stake when it starts producing blocks.

In V2, the verification node deposit increased from a small amount of BGT to 69,420 BERA. This ensures a higher economic investment for validating nodes, improving the security of the network by increasing the cost of potential attacks. This change means validators take on more responsibility while increasing BERA’s utility without affecting BGT’s role in proof of liquidity.

The changes to BERA staking also affect validator reduction, which is a penalty for validator nodes that misbehave or perform poorly. If validation nodes are cut, a portion of the staked tokens will be deducted, which is an undesirable outcome.

In V1, cuts may affect validators and BGT delegators. In V2, only validator nodes’ BERA stakes will be slashed. This protects BGT delegators and places more responsibility on validators, ensuring users and protocols have greater peace of mind when using their BGT to participate in proof-of-liquidity.

Fairer block production

In V1, the chances of validators producing new blocks increase with the amount of BGT delegated to them. In V2, block production has been improved, all validator nodes now have an equal opportunity to produce new blocks, and block rewards will increase proportionally based on their delegated BGT. This ensures a fairer distribution of rewards and encourages more validators to join the network, while still maintaining the importance of BGT delegation.

Maximum number of verification nodes

The maximum number of verification nodes has been increased from 100 to 128, and there may be more in the future. It is known that increasing the cap on more validating nodes improves decentralization and network security. Decentralization is important!

Architecture Upgrade

Finally, Berachain V2 migrates from Polaris architecture to BeaconKit, which will improve network performance. BeaconKit allows the use of any Ethereum execution client such as Reth, Geth or Nethermind, making Berachain fully compatible with the EVM. This upgrade resolves bottlenecks encountered in V1, ensuring smoother transaction processing. If you want to learn more, read Dev Bear's technical blog on the subject.

The impact of these changes on Infrared

The changes introduced in V2 are an important step forward for the network. Berachain V2 will provide a better experience for users, developers and validator nodes, benefiting the entire ecosystem.

BGT’s shift to a purely economic role strengthens the ecosystem built around iBGT by clarifying BGT’s value proposition. We have seen many protocols adopt iBGT to build flywheels and expect this trend to continue with improved BGT designs.

Regarding BERA staking for validator nodes, we are planning some exciting things and will share them with you soon.

What’s next?

We are working hard to complete the deployment of the new, public Infrared test network and hope to launch it for users and partners as soon as possible.

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