Berachain is an EVM-compatible layer 1 blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol.Berachain has a tri-token system of bera (the native gas token), honey (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token). Users who stake bera or "other permissioned tokens" will earn BGT over time, allowing them to "capture honey generated by the underlying chain architecture as a reward for their participation in governance,".

The company plans to use the fresh capital to expand its presence in Hong Kong, Singapore, Southeast Asia, Latin America and Africa. The firm currently has a test version of its blockchain available that has processed 100 million transactions, according to the funding announcement.

Berachain

Berachain is an EVM-compatible layer 1 blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol.

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