What is BERA token? How does BERA coins play a role in the Berachain ecosystem?

Berachain (BERA) In-depth analysis: High-performance EVM compatible with Layer1 blockchain

This article will conduct in-depth discussions on Berachain and its native token BERA, covering the uses of BERA tokens, purchasing methods, Berachain's innovative consensus mechanism, performance improvement technology, and its advantages as an EVM-compatible Layer1 blockchain.

BERA Token: The core of the Berachain ecosystem

BERA is the native token of Berachain blockchain and plays a key role in online transactions, governance and security. Berachain is a high-performance EVM compatible Layer1 blockchain that uses the innovative Proof-of-Liquidity (PoL) consensus mechanism. BERA is not only a medium of transactions, but also a driving force for the development of the network.

BERA tokens are fully liquid, and users can freely trade and transfer money, participate in DeFi activities (such as liquidity provision, borrowing, etc.), and can exchange 1:1 with the governance token BGT. Its total supply is 21 million, a scarcity design similar to Bitcoin reflects Berachain's emphasis on store of value. Verifiers need to pledge at least 250,000 BERA tokens to participate in the consensus, with a maximum pledge of 10 million, ensuring network security and preventing excessive concentration of power. Token holders can also entrust tokens to validators to indirectly participate in consensus and receive rewards to improve the degree of network decentralization.

How to buy BERA tokens?

BERA has been launched on multiple trading platforms. The following is to introduce the purchase process using Binance and Ouyi OKX as examples:

1. Buy BERA on Binance App:

1. Download and register the Binance App (skip if you have an account).
2. Open the App and click on the search box above the market.
3. Enter "BERA" and select the "BERA/USDT" trading pair.
4. Click "Buy", select "Limit Order", set the price and quantity, and click "Buy BERA".

2. Buy Ouyi OKX App BERA:

1. Download and register the Ouyi OKX App (skip if you have an account).
2. Open the App and click on the search box above "Discover".
3. Enter "BERA" and select the "BERA/USDT" trading pair.
4. Click "Trade", select "Price Limit Entrust", set the price and quantity, and click "Buy BERA".

Berachain's Proof-of-Liquidity (PoL) consensus mechanism

Berachain's PoL mechanism innovatively combines network security with liquidity provision to solve the problem of inconsistency in incentives in traditional PoS mechanisms. Verifiers need to pledge BERA tokens and entrust BGT tokens to the reward vault, which are associated with DeFi applications (such as liquidity pools). Verifiers receive BERA rewards by block production and additional rewards are obtained based on the BGT commissioning situation, forming a virtuous cycle to improve network liquidity and the development of DeFi applications.

BeaconKit: Improvements in performance and scalability

BeaconKit is Berachain's modular EVM consensus client framework, which improves performance and scalability by optimizing different levels. Its modular design reduces the risk of system updates and expansion, significantly improves transaction processing speed and throughput, increases TPS by more than 300%, and shortens the transaction confirmation time to less than 3 seconds.

The advantages of Berachain as EVM-compatible Layer1 blockchain

Berachain's EVM compatibility, innovative PoL mechanism and excellent performance make it extremely competitive in the blockchain field. EVM compatibility reduces development migration costs and accelerates ecological construction; the PoL mechanism balances network security and capital efficiency; its high TPS capability (more than 10,000) supports high-frequency trading applications.

Conclusion

Berachain is leading the transformation of blockchain technology with its innovative PoL mechanism, BeaconKit architecture and EVM compatibility. As a core asset, BERA token drives network operations and gives users the right to govern. With the launch of the main network and the development of the ecosystem, Berachain is expected to become a key infrastructure in the DeFi and Web3 fields.

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